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IMAGE SIGNS & PRINT LTD - Company Information

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Image Signs & Print Ltd

Registered Number:08006336

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

Image Signs & Print Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

Image Signs & Print Ltd

Statement of Financial Position

Registered Number :

08006336

2018

2019

Notes

Fixed assets

Property, plant and equipment

14,820

12,372

14,820

12,372

Current assets

Inventories

1,000

Trade and other receivables

26,770

34,336

12,049

Cash and cash equivalents

6,021

41,357

39,819

Trade and other payables: amounts falling due within one

year

(33,608)

(30,406)

6,211

10,951

Net current assets

Total assets less current liabilities

25,771

18,583

25,771

Net assets

18,583

Capital and reserves

Called up share capital

101

Retained earnings

25,670

18,482

25,771

18,583

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Steven Hastings Director

These financial statements were approved and authorised for issue by the Board on 06 December 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Image Signs & Print Ltd

Notes to the Financial Statements

Statutory Information

Image Signs & Print Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration

number 08006336.

Registered address:

Unit 6, Hurst Farm

Crosshands

Lydney

Glos.

GL15 4LH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25 Reducing balance

Computer equipment

25 Reducing balance

Motor vehicles

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2019

Image Signs & Print Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2018

10,600

At 31 March 2019

10,600

Amortisation

At 01 April 2018

10,600

At 31 March 2019

10,600

Net book value

At 31 March 2019

At 31 March 2018

3. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 April 2018

32,342

4,437

1,229

26,676

6,229

Additions

At 31 March 2019

32,905

1,229

4,437

38,571

Provision for depreciation and impairment

At 01 April 2018

19,970

3,446

1,010

15,514

Charge for year

3,781

248

3,478

At 31 March 2019

23,751

3,694

1,065

18,992

At 31 March 2019

Net book value

13,913

164

743

14,820

At 31 March 2018

11,162

219

991

12,372

4. Inventories

2018

2019

Stocks

1,000

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For the year ended 31 March 2019

Image Signs & Print Ltd

Notes to the Financial Statements Continued

5. Trade and other receivables

2018

2019

Trade debtors

31,904

17,739

Other debtors

2,432

9,031

26,770

34,336

6. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

9,005

13,353

Taxation and social security

1,621

1,414

Other creditors

19,780

18,841

30,406

33,608

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