Contents of the Financial Statements

for the Period Ended 30 June 2020

Company Information

for the Period Ended 30 June 2020

Directors' Report Period Ended 30 June 2020

The directors present their report with the financial statements of the company for the period ended 30 June 2020

Directors

The directors shown below have held office during the whole of the period from 01 July 2019 to 30 June 2020
David Grattan

Profit and Loss Account

for the Period Ended 30 June 2020

The notes form part of these financial statements

Balance sheet

As at 30 June 2020

The notes form part of these financial statements

Balance sheet continued

As at 30 June 2020

For the year ending 30 June 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 30 June 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 sales of equipment and services and commission earnings from sales consultancy. Income from sales and commissions is recognised in accordance with the contractual arrangements with customers. Normally, income from sales of equipment is recognised when equipment is delivered and installed. Income from services supplied is recognised as the service is provided but set up charges are non-refundable and are accounted for at the commencement of the contract.

  Tangible fixed assets depreciation policy

  Tangible assets comprise a company van and equipment used by the Company in its business operations, such as computer equipment, which is expected to be usable for more than one year. Expenditure on such assets is capitalised and written off over a period which is expected to be no longer than its economic life. Currently, the policy is to write down the value of vehicles at 25% per annum on a reducing balance basis. Computer equipment is written off over 2 years, commencing in its year of acquisition, but computer software is written off immediately as a consumable.

  Other accounting policies

  Cost of sales In the case of services supplied, costs are recognised as the service is provided but set up costs are non-refundable and are accounted for as incurred. Staff costs are charged to cost of sales where they relate to specific projects.

Notes to the Financial Statements

for the Period Ended 30 June 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	2	2

Notes to the Financial Statements

for the Period Ended 30 June 2020

• 3. Off balance sheet disclosure

  The Company entered into an operating lease arrangement for a van in November 2018 with a lease period of 4 years. The annual commitments under this lease are;
  
  Annual commitment
  
  Expiring in 2-5 years £2,772
  

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Dividends

Notes to the Financial Statements

for the Period Ended 30 June 2020

5. Tangible Assets