REGISTERED NUMBER: 06547534 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & S SIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Watkins

A A Cherry

SECRETARY:

S J Watkins

REGISTERED OFFICE:

Unit 8, Waterside Business Park

1649 Pershore Road

Kings Norton

Birmingham

West Midlands

B30 3DR

REGISTERED NUMBER:

06547534 (England and Wales)

ACCOUNTANTS:

Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

FIXED ASSETS

Tangible assets

4

11,013

14,684

CURRENT ASSETS

Stocks

10,225

-

Debtors

5

35,805

32,541

Cash in hand

-

35

46,030

32,576

CREDITORS

Amounts falling due within one year

6

45,969

36,914

NET CURRENT ASSETS/(LIABILITIES)

61

(4,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,074

10,346

CREDITORS

Amounts falling due after more than one year

7

4,955

8,259

NET ASSETS

6,119

2,087

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

1,831

1,831

Retained earnings

4,188

156

SHAREHOLDERS' FUNDS

6,119

2,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

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

The financial statements were approved by the Board of Directors on 11 November 2017 and were signed on its behalf by:

S J Watkins - Director

1.	STATUTORY INFORMATION

A & S Signs 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.

Plant and machinery

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

17,544

31,948

49,492

DEPRECIATION

At 1 April 2016

14,500

20,308

34,808

Charge for year

761

2,910

3,671

At 31 March 2017

15,261

23,218

38,479

NET BOOK VALUE

At 31 March 2017

2,283

8,730

11,013

At 31 March 2016

3,044

11,640

14,684

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

35,805

32,322

Other debtors

-

219

35,805

32,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

16,873

14,976

Hire purchase contracts

3,304

3,304

Trade creditors

14,388

15,429

Taxation and social security

10,052

(9,090

)

Other creditors

1,352

12,295

45,969

36,914

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

4,955

8,259