Abbreviated Company Accounts - SIGNSTIK LIMITED

NI034675 SIGNSTIK LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true NI034675 2015-09-01 2016-08-31 NI034675 2016-08-31 NI034675 2015-08-31 NI034675 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 NI034675 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number NI034675

SIGNSTIK LIMITED

Abbreviated Accounts

31 August 2016

SIGNSTIK LIMITED Registered Number NI034675

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	303,840	274,686
		303,840	274,686
Current assets
Stocks		50,000	15,000
Debtors		312,325	297,491
Cash at bank and in hand		10	10
		362,335	312,501
Net current assets (liabilities)		362,335	312,501
Total assets less current liabilities		666,175	587,187
Creditors: amounts falling due after more than one year		(279,041)	(196,914)
Total net assets (liabilities)		387,134	390,273
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		387,132	390,271
Shareholders' funds		387,134	390,273

For the year ending 31 August 2016 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 directors acknowledge their 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 Board on 22 May 2017

And signed on their behalf by:
J COURTNEY, Director

SIGNSTIK LIMITED Registered Number NI034675

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
THE ACCOUNTS ARE PREPARED UNDER THE HISTORICAL COST CONVENTION AND COMPLY WITH FINANCIAL REPORTING STANDARDS OF THE ACCOUNTING STANDARDS BOARD.

Turnover policy
TURNOVER REPRESENTS THE TOTAL INVOICE VALUE,EXCLUDING VALUE ADDED TAX,OF SALES MADE DURING THE YEAR.

Tangible assets depreciation policy
DEPRECIATION IS PROVIDED AT RATES CALCULATED TO WRITE OFF THE COST LESS RESIDUAL VALUE OF EACH ASSET OVER ITS EXPECTED USEFUL LIFE AS FOLLOWS:

PLANT & MACHINERY - 20% REDUCING BALANCE
FIXTURES & EQUIPMENT - 20% REDUCING BALANCE
MOTOR VEHICLES - 20% REDUCING BALANCE

Other accounting policies
STOCK AND WORK IN PROGRESS
STOCK AND WORK IN PROGRESS IS VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE.

PENSIONS
THE PENSION COSTS CHARGED IN THE FINANCIAL STATEMENTS REPRESENT THE CONTRIBUTION PAYABLE BY THE COMPANY DURING THE YEAR.
THE REGULAR COST OF PROVIDING RETIREMENT PENSIONS AND RELATED BENEFITS IS CHARGED TO THE PROFIT AND LOSS ACCOUNT OVER THE EMPLOYEES SERVICE LIVES ON THE BASIS OF A CONSTANT PERCENTAGE OF EARNINGS.

2Tangible fixed assets

	£
Cost
At 1 September 2015	494,563
Additions	83,023
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	577,586
Depreciation
At 1 September 2015	219,877
Charge for the year	53,869
On disposals	-
At 31 August 2016	273,746
Net book values
At 31 August 2016	303,840
At 31 August 2015	274,686

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2