REGISTERED NUMBER: 05631567 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

A & G Signs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss C L Marchant

G Ransome

L Badley

Mrs C Badley

SECRETARY:

Miss C L Marchant

REGISTERED OFFICE:

18 Ferrybridge Road

Castleford

West Yorkshire

WF10 4JJ

REGISTERED NUMBER:

05631567 (England and Wales)

ACCOUNTANT:

Delegate Accountancy Services Limited

4 Bond Terrace

Wakefield

West Yorkshire

WF1 2HW

FIXED ASSETS

Intangible assets

4

202,500

225,000

Property, plant and equipment

5

404,554

403,745

607,054

628,745

CURRENT ASSETS

Inventories

40,648

28,546

Debtors

6

642,345

582,285

Cash at bank and in hand

376,040

228,667

1,059,033

839,498

CREDITORS

Amounts falling due within one year

7

226,022

191,686

NET CURRENT ASSETS

833,011

647,812

TOTAL ASSETS LESS CURRENT LIABILITIES

1,440,065

1,276,557

CREDITORS

Amounts falling due after more than one year

8

-

(57,961

)

PROVISIONS FOR LIABILITIES

(9,316

)

(9,154

)

NET ASSETS

1,430,749

1,209,442

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

1,429,549

1,208,242

SHAREHOLDERS' FUNDS

1,430,749

1,209,442

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 February 2018 and were signed on its behalf by:

G Ransome - Director

1.	STATUTORY INFORMATION

A & G 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Stocks

Inventories 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 16 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

450,000

AMORTISATION

At 1 August 2016

225,000

Charge for year

22,500

At 31 July 2017

247,500

NET BOOK VALUE

At 31 July 2017

202,500

At 31 July 2016

225,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2016

335,744

141,449

477,193

Additions

-

19,518

19,518

At 31 July 2017

335,744

160,967

496,711

DEPRECIATION

At 1 August 2016

-

73,448

73,448

Charge for year

-

18,709

18,709

At 31 July 2017

-

92,157

92,157

NET BOOK VALUE

At 31 July 2017

335,744

68,810

404,554

At 31 July 2016

335,744

68,001

403,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

342,299

283,772

Other debtors

300,046

298,513

642,345

582,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

-

4,975

Trade creditors

38,149

29,109

Taxation and social security

179,176

150,691

Other creditors

8,697

6,911

226,022

191,686

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans

-

57,961