SIGNTRADE_LETTERS_LIMITED - Accounts

SIGNTRADE LETTERS LTD - Company Information

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Company Registration No. 04671530 (England and Wales)

SIGNTRADE LETTERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Richard Anthony and Company

Chartered Accountants

SIGNTRADE LETTERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SIGNTRADE LETTERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

11,000

Tangible assets

25,478

28,828

36,478

28,828

Current assets

Stocks

14,500

29,610

Debtors

79,091

66,630

Cash at bank and in hand

20,819

56,331

114,410

152,571

Creditors: amounts falling due within one year

(105,303)

(130,617)

Net current assets

9,107

21,954

Total assets less current liabilities

45,585

50,782

Creditors: amounts falling due after more than one year

(2,267)

Provisions for liabilities

(458)

45,585

48,057

Capital and reserves

Called up share capital

100

Profit and loss account

45,485

47,957

Shareholders' funds

45,585

48,057

SIGNTRADE LETTERS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 September 2014

R J Woolff

Director

Company Registration No. 04671530

SIGNTRADE LETTERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Computer equipment

15% reducing balance

Motor vehicles

15% reducing balance

1.6

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes in accordance with FRS 19.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

SIGNTRADE LETTERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

90,860

Additions

16,500

1,500

18,000

At 31 March 2014

16,500

92,360

108,860

Depreciation

At 1 April 2013

62,032

Charge for the year

5,500

4,850

10,350

At 31 March 2014

5,500

66,882

72,382

Net book value

At 31 March 2014

11,000

25,478

36,478

At 31 March 2013

28,828

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100