Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet

As at 30 June 2019

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2019

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

  Tangible fixed assets depreciation policy

  Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Furniture & fittings - 20% straight lineOffice equipment - 25% straight line

  Intangible fixed assets amortisation policy

  Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:Trademarks - 10% straight line

  Valuation information and policy

  Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

  Other accounting policies

  Development costs:Expenditure on research and development is written off in the year in which it is incurred.Going Concern:The financial statements have been prepared on a going concern basis.

Notes to the Financial Statements

for the Period Ended 30 June 2019

• 2. Employees

  	2019	14 months to 30 June 2018
  Average number of employees during the period	8	5