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 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
23 December 2022

And signed on behalf of the board by:
Name: Ian Blackford
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 Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 20% on reducing balance

  Intangible fixed assets amortisation policy

  Amortisation is provide at the following annual rates in order to write off each asset over its estimated useful life.Intangibles - 20% on reducing balance

  Other accounting policies

  ACCOUNTING POLICIES - continuedTaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.Financial instruments- basic instrumentsThe company have chosen to account for their financial instruments in accordance with Sections 11and 12 of FRS 102. The financial assets and liabilities comprise trade and other receivables, cash and cash equivalents and trade and other payables. The accounting policies for these items are described below:Trade and other receivables are initially recognised at transaction price, unless the arrangementconstitutes a financing transaction, where the transaction is measured at the present value of thefuture receipts discounted at a market rate of interest. These basic financial assets, other than shortterm receivables, are subsequently carried at amortised cost using the effective interest method.Short term trade and other receivables with no stated interest rate which are receivable within oneyear are recorded at transaction price. Any losses arising from impairment are recognised in theincome statement in administrative expenses.Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.Basic financial liabilities including trade and other payables are initially recognised at transactionprice, unless the arrangement constitutes a financing transaction, where the liability is measured atthe present value of the future payments discounted at a market rate of interest.Basic financial liabilities, other than short term payables, are subsequently carried at amortised cost, using the effective interest rate method. The effective interest rate amortisation is included ininterest payable and similar expenses in the income statement.Short term trade and other payables with no stated interest rate which are payable within one yearare recorded at transaction price.

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	21	8