2020 Signs Limited
|
Registered number: |
06751774
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
57,685 |
|
|
65,697 |
Tangible assets |
3 |
|
|
36,470 |
|
|
16,571 |
|
|
|
|
94,155 |
|
|
82,268 |
|
Current assets |
Stocks |
|
|
32,795 |
|
|
34,495 |
Debtors |
|
|
49,058 |
|
|
48,042 |
Cash at bank and in hand |
|
|
15,258 |
|
|
52,887 |
|
|
|
97,111 |
|
|
135,424 |
|
Creditors: amounts falling due within one year |
|
|
(44,777) |
|
|
(71,074) |
|
Net current assets |
|
|
|
52,334 |
|
|
64,350 |
|
Total assets less current liabilities |
|
|
|
146,489 |
|
|
146,618 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(99,370) |
|
|
(115,093) |
|
|
|
Net assets |
|
|
|
47,119 |
|
|
31,525 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
47,019 |
|
|
31,425 |
|
Shareholders' funds |
|
|
|
47,119 |
|
|
31,525 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
T Bevan |
Director |
Approved by the board on 31 October 2016
|
|
2020 Signs Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
25% straight line (previously 25% reducing balance)
|
|
Furniture and fixtures |
25% straight line (previously 20% reducing balance) |
|
Machinery & equipment |
25% straight line (previously 20% reducing balance)
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
96,141 |
|
At 31 March 2016 |
96,141 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
30,444 |
|
Provided during the year |
8,012 |
|
At 31 March 2016 |
38,456 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
57,685 |
|
At 31 March 2015 |
65,697 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
29,162 |
|
Additions |
32,731 |
|
At 31 March 2016 |
61,893 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
12,591 |
|
Charge for the year |
12,832 |
|
At 31 March 2016 |
25,423 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
36,470 |
|
At 31 March 2015 |
16,571 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|