Contents of the Financial Statements

for the Period Ended 30 September 2019

Company Information

for the Period Ended 30 September 2019

Balance sheet

As at 30 September 2019

The notes form part of these financial statements

Balance sheet continued

As at 30 September 2019

For the year ending 30 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period 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.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 September 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

  The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
  Long-term and ongoing contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.
  

  Tangible fixed assets depreciation policy

  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
  Fixtures and fittings 33% Straight line
  Office equipment 33% Straight line
  Motor vehicles 20% Reducing balance
  Plant and machinery 15% Reducing balance
  

  Intangible fixed assets amortisation policy

  Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

  Other accounting policies

  The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis. Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Notes to the Financial Statements

for the Period Ended 30 September 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 30 September 2019

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 30 September 2019

Notes to the Financial Statements

for the Period Ended 30 September 2019

6. Tangible Assets