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.

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 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 represents net invoiced sales of services, excluding value added tax.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less depreciation.
  Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office equipment (including computer equipment):- 25% on a straight line basis.

  Other accounting policies

  Employee Benefit Trusts:- The company has established a trust for the benefit of employees and certain of their dependents. Monies held in these trusts are held by independent trustees and managed at their discretion. Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals. Where monies are held in a trust are determined on the basis of employees past services to the business and the company can obtain no future economic benefit from those monies, such monies whether in the trust or accrued for by the company are charged to the profit and loss account in the period to which they relate. 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 31 March 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	2	2

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. Tangible Assets

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 5. Debtors

  	2020 £	2019 £
  Debtors due after more than one year:	350,000	350,000