Signtime Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04188853 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Signtime Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R W Beasley

SECRETARY:

Mrs R Beasley

REGISTERED OFFICE:

Unit 4C

Dean 7 Chapter Industrial Estate

Ferryhill

Co. Durham

DL17 8LN

REGISTERED NUMBER:

04188853 (England and Wales)

ACCOUNTANTS:

G D O'Hehir & Co Ltd

Chartered Accountants & Statutory Auditors

22/23 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

FIXED ASSETS

Tangible assets

2

74,702

77,795

CURRENT ASSETS

Debtors

86,986

96,727

Cash at bank

97,300

67,191

184,286

163,918

CREDITORS

Amounts falling due within one year

57,376

75,877

NET CURRENT ASSETS

126,910

88,041

TOTAL ASSETS LESS CURRENT LIABILITIES

201,612

165,836

CREDITORS

Amounts falling due after more than one year

(17,640

)

(4,666

)

PROVISIONS FOR LIABILITIES

(10,229

)

(14,015

)

NET ASSETS

173,743

147,155

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

173,593

147,005

SHAREHOLDERS' FUNDS

173,743

147,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 December 2014 and were signed by:

R W Beasley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost

convention and in accordance with the Financial Reporting Standard for

Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added

tax.

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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

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 the profit and loss

account over the relevant period. The capital element of the future

payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

173,092

Additions

32,858

Disposals

(18,625

)

At 31 March 2014

187,325

DEPRECIATION

At 1 April 2013

95,297

Charge for year

28,322

Eliminated on disposal

(10,996

)

At 31 March 2014

112,623

NET BOOK VALUE

At 31 March 2014

74,702

At 31 March 2013

77,795

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

150

Ordinary

£1

150

150

4.	GOING CONCERN REVIEW

The director is not aware of any reason why sales should reduce

significantly next year.No material uncertainties that may cast significant

doubt on the ability of the company to continue as a going concern have

been identified. As a result he has adopted the going concern basis of

accounting.