Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information

for the Period Ended 31 August 2023

Balance sheet

As at 31 August 2023

The notes form part of these financial statements

Balance sheet continued

As at 31 August 2023

For the year ending 31 August 2023 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 2023

• 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

  The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
  

  Tangible fixed assets depreciation policy

  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
  Plant and machinery - 25% reducing balance basis.
  Fixtures and fittings - 15% reducing balance basis.
  Computer equipment - 33% reducing balance basis.
  

  Intangible fixed assets amortisation policy

  Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years.
  Impairment of intangible assets is recognised where circumstances indicate that the carrying value of an asset may not be fully recoverable.
  

  Valuation information and policy

  Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
  

  Other accounting policies

  Defined contribution pension plans Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

Notes to the Financial Statements

for the Period Ended 31 August 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	2	2

Notes to the Financial Statements

for the Period Ended 31 August 2023

• 3. Off balance sheet disclosure

  No

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

Notes to the Financial Statements

for the Period Ended 31 August 2023

5.Creditors: amounts falling due within one year note