FOREMOST SIGNS LIMITED - Accounts

FOREMOST SIGNS LIMITED - Company Information

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Registered Number: 02673177

England and Wales

FOREMOST SIGNS LIMITED

Abridged Accounts

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

FOREMOST SIGNS LIMITED
Contents Page
For the year ended 31 January 2023

Statement of financial position	1
Notes to the financial statements	2

FOREMOST SIGNS LIMITED
Statement of Financial Position
As at 31 January 2023

	2023 £	2022 £
Fixed assets
Tangible fixed assets	5,528	4,300
	5,528	4,300
Current assets
Stocks	1,980	1,980
Debtors	20,746	16,083
Cash at bank and in hand	48,814	40,898
	71,540	58,961
Creditors: amount falling due within one year	(10,671)	(11,735)
Net current assets	60,869	47,226

Total assets less current liabilities	66,397	51,526
Creditors: amount falling due after more than one year	(28,280)	(10,581)
Net assets	38,117	40,945

Capital and reserves
Called up share capital	100	100
Profit and loss account	38,017	40,845
Shareholder's funds	38,117	40,945

For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 04 April 2023 and were signed by:

--------------------------------
Charlie Christie
Director

FOREMOST SIGNS LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 January 2023

General Information

FOREMOST SIGNS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02673177, registration address Unit 12 Chancellors , Pound Redhill , Bristol North , Somerset , BS40 5TZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Tangible fixed assets

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:

Computer Equipment

25 Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

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.

2.	Average number of employees Average number of employees during the year was 5 (2022 : 5).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 February 2022	4,300	4,300
Additions	3,070	3,070
Disposals	-	-
At 31 January 2023	7,370	7,370
Depreciation
At 01 February 2022	-	-
Charge for year	1,842	1,842
On disposals	-	-
At 31 January 2023	1,842	1,842
Net book values
Closing balance as at 31 January 2023	5,528	5,528
Opening balance as at 01 February 2022	4,300	4,300