Company registration number:
04723647
The 1st Northern Sign Company Limited
Unaudited filleted financial statements
30 April 2018
The 1st Northern Sign Company Limited
Contents
Statement of financial position and notes to the financial statements
The 1st Northern Sign Company Limited
Statement of financial position
30 April 2018
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2018
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2017
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£
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£
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£
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£
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Fixed assets
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3,085
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1,914
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_______
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_______
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Current assets
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32,285
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27,930
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Prepayments and accrued income
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2,270
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14,700
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_______
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_______
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34,555
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42,630
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Creditors: amounts falling due within one year
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(
35,408)
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(
39,964)
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_______
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_______
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Net current (liabilities)/assets
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(
853)
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2,666
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_______
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_______
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Total assets less current liabilities
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2,232
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4,580
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Accruals and deferred income
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(
1,031)
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(
1,254)
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_______
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_______
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Net assets
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1,201
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3,326
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_______
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_______
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Capital and reserves
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1,201
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3,326
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_______
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_______
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Notes to the financial statements
The 1st Northern Sign Company Limited
Year ended 30 April 2018
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2017:
5
).
2.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company:
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2018
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Balance brought forward
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Advances /(credits) to the director
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mr Anthony Banbury
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-
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-
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-
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-
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_______
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_______
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_______
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_______
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2017
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Balance brought forward
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Advances /(credits) to the director
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mr Anthony Banbury
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814
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3,853
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(
4,667)
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-
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_______
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_______
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_______
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_______
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The above loans to the director had been interest free and repayable to the company on demand.
3.
Transition to FRS 105
The comparative figures have been adjusted to remove the provision for deferred tax. The effect of this has been to increase opening reserves at 1 May 2016 by £562, increase the tax charge in the income statement for the comparative period by £179, and increase closing reserves at 30 April 2017 by £383.
4.
Going concern
During the period, the company has met its day to day working capital requirements via a bank overdraft facility, credit facilities extended by its suppliers and financial support provided by the director Anthony Banbury. The director expects that the above credit facilities will be continued when they are reviewed by their respective providers and has indicated his willingness to continue his support for the foreseeable future.
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The director acknowledges responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
25 September 2018
, and are signed on behalf of the board by:
Mr Anthony Banbury
Director
Company registration number:
04723647
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is
The 1st Northern Sign Company Limited
, JM House, Barber Street, St Helens, WA9 1LA.