Company Registration No. 08440776 (England and Wales)
Signlink Limited
Unaudited accounts
for the year ended 31 March 2020
Signlink Limited
Unaudited accounts
Contents
Signlink Limited
Company Information
for the year ended 31 March 2020
Director
Alexander Crosbie
Company Number
08440776 (England and Wales)
Registered Office
15-23 Park house
Greenhill Crescent
Watford
WD18 8PH
Accountants
The Peek Partnership Limited
15-23, Park house
Greenhill Crescent
Watford
WD18 8PH
Signlink Limited
Statement of financial position
as at
31 March 2020
Intangible assets
8,000
10,000
Tangible assets
22,189
24,627
Cash at bank and in hand
119,547
93,528
Creditors: amounts falling due within one year
(117,486)
(68,690)
Net current assets
43,893
92,251
Total assets less current liabilities
74,082
126,878
Creditors: amounts falling due after more than one year
(53,362)
(94,308)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
18,583
32,569
Shareholders' funds
18,584
32,570
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2021 and were signed on its behalf by
Alexander Crosbie
Director
Company Registration No. 08440776
Signlink Limited
Notes to the Accounts
for the year ended 31 March 2020
Signlink Limited is a private company, limited by shares, registered in England and Wales, registration number 08440776. The registered office is 15-23 Park house , Greenhill Crescent, Watford, WD18 8PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Reducing Balance
Plant & machinery
Reducing Balance
Motor vehicles
Reducing Balance
Fixtures & fittings
Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Signlink Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Intangible fixed assets
Total
Charge for the year
2,000
5
Tangible fixed assets
Total
Charge for the year
13,592
6
Deferred taxation
2020
2019
Accelerated capital allowances
2,136
-
Charged to the profit and loss account
2,136
-
Provision at end of year
2,136
-
7
Transactions with related parties
The director A Crosbie, operate a loan account with company which enables it to trade on day to day basis. At the year end the company owed the director £40,000.00 on this loan account. Dividends amounting to £25,000 was Proposed to director during the year
Signlink Limited
Notes to the Accounts
for the year ended 31 March 2020
8
Average number of employees
During the year the average number of employees was 3 (2019: 3).