Contents of the Financial Statements

for the Period Ended 31 March 2020

Company Information

for the Period Ended 31 March 2020

Balance sheet

As at 31 March 2020

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2020

For the year ending 31 March 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.

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 31 March 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 comprises the invoiced value of goods and services supplied by the company, exclusive of value added tax and trade discounts.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
  Fixtures & Fittings 15% On reducing balance basis.

  Valuation information and policy

  Stocks and work in progress are valued at the lower of cost and net realizable value after making due allowance for obsolete and slow-moving. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	9	9

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Intangible assets

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Debtors

Notes to the Financial Statements

for the Period Ended 31 March 2020

7.Creditors: amounts falling due within one year note