Contents of the Financial Statements

for the Period Ended 29 February 2020

Company Information

for the Period Ended 29 February 2020

Balance sheet

As at 29 February 2020

The notes form part of these financial statements

Balance sheet continued

As at 29 February 2020

For the year ending 29 February 2020 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 29 February 2020

• 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 represents the value of services provided to customers and is recognised to the extent that it is probable and the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measure as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off each asset over it’s useful life.
  Computer Equipment - 33.33 on a straight line basis
  

Notes to the Financial Statements

for the Period Ended 29 February 2020

• 2. Employees

  	16 months to 29 Feb 2020
  Average number of employees during the period	4

Notes to the Financial Statements

for the Period Ended 29 February 2020

• 3. Off balance sheet disclosure

  At 29 February the Company has future minimum lease payments under non-cancellable operating lease as follows:
  2020
  £
  
  Not later than 1 year 3,185
  Later than 1 year and not later than 5 years 6,371
  

Notes to the Financial Statements

for the Period Ended 29 February 2020

4. Tangible Assets

Notes to the Financial Statements

for the Period Ended 29 February 2020

• 5. Debtors

  Short term debtors are measured at transaction price, less impairment

Notes to the Financial Statements

for the Period Ended 29 February 2020

6. Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 29 February 2020

7.1.Related party disclosures

Notes to the Financial Statements

for the Period Ended 29 February 2020

• 8. Post balance sheet events

  Principal risks and uncertainties.
  The COVID-19 virus has caused unparalleled economic turmoil across the globe and the Company is not immune to the risks faced by such disruption. However, the Company directors have considered the risk to operations and finances arising from COVID-19 and it’s ability to operate as a going concern. There are no material uncertainties that cast doubts on the Company’s ability to continue as a going concern, as the majority of the Company’s work is a Health and Safety legal requirement.