Contents of the Financial Statements

for the Period Ended 31 July 2021

Company Information

for the Period Ended 31 July 2021

Balance sheet

As at 31 July 2021

The notes form part of these financial statements

Balance sheet continued

As at 31 July 2021

For the year ending 31 July 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 July 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

  Turnover policy

  Turnover comprises in the invoiced value of goods and services supplied by the company, net of Valued Added Tax and trade discounts.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost 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:-
  
  Motor vehicles 25% on reducing basis
  Office equipment 20% on reducing basis
  

  Other accounting policies

  Leasing and hire purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their expected useful lives. Finance leases those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Operating leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred. Stocks and work in progress Stock and work in progress are valued at the lower cost and net realisable value after making due allowance for obsolete and slow moving stocks. Deferred taxation Provision is made for taxation deferred as a result of all material timing differences between the incidence of income and expenditure for taxation and accounts purposes using a liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or assets will crystallise in the near future. Pensions The company does not operate a defined contribution pension scheme.

Notes to the Financial Statements

for the Period Ended 31 July 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 July 2021

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 31 July 2021

4. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 July 2021

5. Debtors

Notes to the Financial Statements

for the Period Ended 31 July 2021

6.Creditors: amounts falling due within one year note