Signtwin Ltd - Period Ending 2015-10-31

Registration number: 02384385

Signtwin Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Signtwin Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Signtwin Ltd
(Registration number: 02384385)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,163			727
Current assets
Debtors					20,479			58,332
Cash at bank and in hand					50,513			37,830
					70,992			96,162
Creditors: Amounts falling due within one year					(17,158)			(20,123)
Net current assets					53,834			76,039
Net assets					56,997			76,766
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					56,995			76,764
Shareholders' funds					56,997			76,766

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 20 June 2016

.........................................
Mr Terence Gray
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Signtwin Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	20% reducing balance

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		1,296			1,296
Additions		3,094			3,094
At 31 October 2015		4,390			4,390
Depreciation
At 1 November 2014		569			569
Charge for the year		658			658
At 31 October 2015		1,227			1,227
Net book value
At 31 October 2015		3,163			3,163
At 31 October 2014		727			727

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 2