Contents of the Financial Statements

for the Period Ended 31 October 2022

Company Information

for the Period Ended 31 October 2022

Directors' Report Period Ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

Directors

The directors shown below have held office during the whole of the period from 01 November 2021 to 31 October 2022
RICHARD AMOAH

Balance sheet

As at 31 October 2022

The notes form part of these financial statements

Balance sheet continued

As at 31 October 2022

For the year ending 31 October 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 October 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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
  
  Rendering of services:
  Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  o the amount of turnover can be measured reliably;
  o it is probable that the Company will receive the consideration due under the contract;
  o the stage of completion of the contract at the end of the reporting period can be measured
  reliably; and
  o the costs incurred and the costs to complete the contract can be measured reliably.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset
  to the location and condition necessary for it to be capable of operating in the manner intended by management.
  
  Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance and straight-line methods.
  
  Depreciation is provided on the following basis:
  
  Plant and machinery 10% reducing balance
  
  The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
  
  Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  Valuation information and policy

  CASH AND EQUIVALENTS
  
  Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
  
  FINANCIAL INSTRUMENTS
  
  The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
  
  Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
  
  Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
  
  For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Notes to the Financial Statements

for the Period Ended 31 October 2022

• 1. Accounting policies (continued)

  Other accounting policies

  ACCOUNTING POLICIES Basis of preparation of financial statements. The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section IA of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied: Statement of Cash Flows. The Company has taken advantage of the exemption in Section IA.7 of Financial Reporting Standard 102 from the requirement to produce a Statement of Cash Flows on the grounds that it is e small company. Foreign currency translation. Functional and presentation currency The Company's functional and presentational currency is British Pound Sterling (GBP). Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items ere translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at periodend exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Notes to the Financial Statements

for the Period Ended 31 October 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	1	1

  The average monthly number of employees, including directors, during the year was 1 (2021- 1).

Notes to the Financial Statements

for the Period Ended 31 October 2022

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 October 2022

5. Debtors

Notes to the Financial Statements

for the Period Ended 31 October 2022

6.Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 31 October 2022

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