Contents of the Financial Statements

for the Period Ended 31 August 2022

Company Information

for the Period Ended 31 August 2022

Balance sheet

As at 31 August 2022

The notes form part of these financial statements

Balance sheet continued

As at 31 August 2022

For the year ending 31 August 2022 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 August 2022

• 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 the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary
  course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
  
  The company recognises revenue when:
  The amount of revenue can be reliably measured;
  it is probable that future economic benefits will flow to the entity;
  and specific criteria have been met for each of the company's activities.

  Tangible fixed assets depreciation policy

  Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent
  accumulated impairment losses.
  
  The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
  
  Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as
  follows:
  
  Plant & machinery - 33% straight line

  Other accounting policies

  The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Notes to the Financial Statements

for the Period Ended 31 August 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 August 2022

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 31 August 2022

4. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 August 2022

5. Debtors

Notes to the Financial Statements

for the Period Ended 31 August 2022

6.Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 31 August 2022

7.1. Loans to Directors