In2 Signs Graphics & Display Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08284040 (England and Wales)

Financial Statements for the Period 1 August 2019 to 31 December 2020

for

In2 Signs Graphics & Display Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Barnett

D McMurray

REGISTERED OFFICE:

Unit 5

Orion Trading Estate

Tenax Road, Trafford Park

Manchester

Greater Manchester

M17 1JT

REGISTERED NUMBER:

08284040 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

200

379

CURRENT ASSETS

Debtors

5

125,174

110,240

Cash at bank

116,500

70,539

241,674

180,779

CREDITORS

Amounts falling due within one year

6

164,585

140,102

NET CURRENT ASSETS

77,089

40,677

TOTAL ASSETS LESS CURRENT LIABILITIES

77,289

41,056

CREDITORS

Amounts falling due after more than one year

7

45,833

-

NET ASSETS

31,456

41,056

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

31,356

40,956

31,456

41,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2021 and were signed on its behalf by:

D McMurray - Director

1.	STATUTORY INFORMATION

In2 Signs Graphics & Display Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at fair value of consideration received or receivable from signage goods and signage services, excluding discounts and value added tax. Revenue is recognised on delivery of goods and when services are complete.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2019

and 31 December 2020

505

DEPRECIATION

At 1 August 2019

126

Charge for period

179

At 31 December 2020

305

NET BOOK VALUE

At 31 December 2020

200

At 31 July 2019

379

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.7.19

£

£

Trade debtors

49,443

55,483

Other debtors

75,731

54,757

125,174

110,240

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.7.19

£

£

Bank loans and overdrafts

4,167

-

Trade creditors

39,428

64,251

Amounts owed to group undertakings

103,433

49,925

Taxation and social security

10,073

24,611

Other creditors

7,484

1,315

164,585

140,102

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.7.19

£

£

Bank loans

45,833

-

8.	DIRECTORS LOAN

C Barnett operates a current account to which transactions of a private nature are charged. Included in other debtors is £7,992 owed from C Barnett. The loan was repayable on demand and interest was charged at 2.5%/2.25%.

9.	RELATED PARTY DISCLOSURES

Included in other debtors owed from related parties is £50,000. The loans are interest free and repayable on demand.