Contents of the Financial Statements

for the Period Ended 31 December 2021

Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Directors

The directors shown below have held office during the whole of the period from
1 January 2021 to 31 December 2021

The director shown below has held office during the period of
1 January 2021 to 30 August 2021

The directors shown below have held office during the period of
30 August 2021 to 31 December 2021

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 September 2022

And signed on behalf of the board by:
Name: Colin Patterson
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2021

Balance sheet

As at 31 December 2021

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2021 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 December 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Tangible fixed assets depreciation policy

  Depreciation is calculated on a straight line basis to write off the cost of plant and equipment over their expected useful lives. A full year of depreciation is charged to the income statement account in the year of acquisition of the plant and equipment.The estimated useful lives of plant and equipment are:Motor vehicles 5 years 6 months (18.00% depreciation per year)Furniture & fittings 3 years (33.33% depreciation per year)Office equipment 3 years (33.33% depreciation per year)Computer equipment & software 3 years (33.33% depreciation per year)

  Other accounting policies

  Basis of accountingThe financial statements are prepared in accordance with the istorical cost convention.Going concernAt the end of the financial year the total assets of the Company exceed its liabilities by GBP 3,091,451 (2020, liabilities exceed assets by GBP 835,965). The Financial Statements are prepared on a going concern basis.Standards issued but not yet effectiveThe Company has not yet adopted a number of Financial Reporting Standards and interpretations. The Directors have reviewed these and expects that their adoption will not have material impact on the financial statements.Foreign currenciesTransactions in foreign currencies during the period are converted to GBP at the average monthly rates of exchange prevailing for the transaction Year. Foreign currency monetary assets and liabilities are converted to GBP at the rate of exchange prevailing at the balance sheet date or at contracted rates where they are covered by forward exchange rates. Exchange differences arising during the year are taken to the income statement account.Bad and doubtful debtsBad debts are written off to the income statement and specific allowances are made for those debts considered to be doubtful.Plant and equipmentPlant and equipment is stated at cost less accumulated depreciation. Plant and equipment is capitalised for items with a value of more than One Thousand GB Pounds (GBP 1,000).ImpairmentPlant and equipment are reviewed for impairment whenever there is any indication that assets may be impaired. No impairment is included in these financial statements.Revenue recognitionRevenue comprises the invoiced value of services sold to customers less discounts.TaxationTax expense is determined on the basis of tax effect accounting using the liability method. Deferred taxation is provided on significant timing differences arising from the different treatments in accounting and taxation for relevant items. In accounting for timing differences, deferred tax assets are not recognised unless there is reasonable expectation of their realisation.

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 2. Employees

  	2021	16 months to 31 December 2020
  Average number of employees during the period	2	2