Signtime Graphics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05088386 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Signtime Graphics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R W Beasley

G E Siddle

SECRETARY:

R W Beasley

REGISTERED OFFICE:

Unit 4C

Dean & Chapter Industrial Estate

Ferryhill

Co. Durham

DL17 8LN

REGISTERED NUMBER:

05088386 (England and Wales)

ACCOUNTANTS:

G D O'Hehir & Co Ltd

Chartered Accountants

22/23 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

FIXED ASSETS

Tangible assets

2

9,828

10,771

CURRENT ASSETS

Stocks

1,500

1,000

Debtors

3,831

3,223

Cash at bank and in hand

3,755

2,777

9,086

7,000

CREDITORS

Amounts falling due within one year

13,109

7,806

NET CURRENT LIABILITIES

(4,023

)

(806

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,805

9,965

PROVISIONS FOR LIABILITIES

1,800

1,951

NET ASSETS

4,005

8,014

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,905

7,914

SHAREHOLDERS' FUNDS

4,005

8,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 December 2016 and were signed on its behalf
by:

G E Siddle - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

20% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

31,789

DEPRECIATION

At 1 April 2015

21,018

Charge for year

943

At 31 March 2016

21,961

NET BOOK VALUE

At 31 March 2016

9,828

At 31 March 2015

10,771

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

4.	GOING CONCERN REVIEW

The directors are not aware of any reason why sales should reduce significantly next year.No material

uncertainties that may cast significant doubt on the ability of the company to continue as a going concern have

been identified. As a resultt hey have adopted the going concern basis of accounting..