Summit Signage and Graphics Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11171819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Summit Signage and Graphics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Wilson

Ms H Wilson

SECRETARY:

REGISTERED OFFICE:

Unit 14 Elgar Business Centre

Moseley Road

Hallow

Worcester

Worcestershire

WR2 6NJ

REGISTERED NUMBER:

11171819 (England and Wales)

ACCOUNTANTS:

SW&A Accountants

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

FIXED ASSETS

Tangible assets

4

2,812

3,309

CURRENT ASSETS

Cash at bank

8,264

11,094

CREDITORS

Amounts falling due within one year

5

7,377

7,616

NET CURRENT ASSETS

887

3,478

TOTAL ASSETS LESS CURRENT LIABILITIES

3,699

6,787

PROVISIONS FOR LIABILITIES

534

629

NET ASSETS

3,165

6,158

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,065

6,058

3,165

6,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 9 August 2023 and were signed on its behalf by:

M Wilson - Director

1.	STATUTORY INFORMATION

Summit Signage and Graphics 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.

These Accounts are replacements to the Original Accounts submitted and received by Companies House on the 20th January 2021.These are now the Statutory Accounts and are prepared as they were at the date of the original Accounts.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Taxation

Taxation for the year 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 year 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.

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 year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

8,845

Additions

568

At 31 January 2023

9,413

DEPRECIATION

At 1 February 2022

5,536

Charge for year

1,065

At 31 January 2023

6,601

NET BOOK VALUE

At 31 January 2023

2,812

At 31 January 2022

3,309

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

1

(1

)

Taxation and social security

1,210

935

Other creditors

6,166

6,682

7,377

7,616