Sign Wizzard Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07495946 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Sign Wizzard Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M A Talbott

Mrs D J Talbott

REGISTERED OFFICE:

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

REGISTERED NUMBER:

07495946 (England and Wales)

ACCOUNTANTS:

Haines Watts

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

FIXED ASSETS

Tangible assets

4

42,630

29,924

CURRENT ASSETS

Stocks

5,000

5,052

Debtors

16,714

16,525

Cash at bank and in hand

13,067

28,102

34,781

49,679

CREDITORS

Amounts falling due within one year

53,596

43,484

NET CURRENT (LIABILITIES)/ASSETS

(18,815

)

6,195

TOTAL ASSETS LESS CURRENT LIABILITIES

23,815

36,119

CREDITORS

Amounts falling due after more than one year

(15,650

)

(19,550

)

PROVISIONS FOR LIABILITIES

(7,808

)

(5,610

)

NET ASSETS

357

10,959

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

257

10,859

SHAREHOLDERS' FUNDS

357

10,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2018 and were signed on its behalf by:

M A Talbott - Director

Mrs D J Talbott - Director

1.	STATUTORY INFORMATION

Sign Wizzard 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

33% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

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

obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 4 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

75,007

Additions

23,277

At 31 March 2018

98,284

DEPRECIATION

At 1 April 2017

45,083

Charge for year

10,571

At 31 March 2018

55,654

NET BOOK VALUE

At 31 March 2018

42,630

At 31 March 2017

29,924

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals

£

COST

At 1 April 2017

and 31 March 2018

32,225

DEPRECIATION

At 1 April 2017

8,593

Charge for year

6,445

At 31 March 2018

15,038

NET BOOK VALUE

At 31 March 2018

17,187

At 31 March 2017

23,632

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31.3.18

31.3.17

£

£

Net obligations repayable:

Within one year

3,900

3,900

Between one and five years

15,650

19,550

19,550

23,450

Non-cancellable

operating leases

31.3.18

31.3.17

£

£

Within one year

16,000

16,000

Between one and five years

47,466

63,466

63,466

79,466

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the

company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement

and certain other primary statements and the Report of the Directors are not required to be filed

with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Sign Wizzard Limited for the year ended 31 March 2018 which

comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sign Wizzard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sign Wizzard Limited and state those matters that we have agreed to state to the Board of Directors of Sign Wizzard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sign Wizzard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sign Wizzard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sign Wizzard Limited. You consider that Sign Wizzard Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sign Wizzard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

17 December 2018