Contents of the Financial Statements

for the Period Ended 31 May 2021

Company Information

for the Period Ended 31 May 2021

Balance sheet

As at 31 May 2021

The notes form part of these financial statements

Balance sheet continued

As at 31 May 2021

For the year ending 31 May 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 May 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 is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost or valuation, net of depreciation and any impairment losses.
  The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.
  Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
  Leasehold land and buildings - 33% straight line
  Plant and equipment - 25% straight line
  Computers - 33% straight line
  The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the assets, and is credited or charged to the profit and loss.

Notes to the Financial Statements

for the Period Ended 31 May 2021

• 2. Employees

  	2021	7 months to 31 May 2020
  Average number of employees during the period	5	1

  This includes one full time director and four non-executive directors

Notes to the Financial Statements

for the Period Ended 31 May 2021

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 31 May 2021

4. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 May 2021

5. Debtors

Notes to the Financial Statements

for the Period Ended 31 May 2021

6.Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 31 May 2021

7.Creditors: amounts falling due after more than one year