Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

The director shown below has held office during the period of
1 July 2022 to 1 June 2023

The director shown below has held office during the period of
1 July 2022 to 18 November 2022

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 January 2024

And signed on behalf of the board by:
Name: G. Hurt
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2023

Balance sheet

As at 30 June 2023

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 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 30 June 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

  Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when all the following conditions are satisfied:- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;- the amount of revenue can be measured reliably;- it is probable that the economic benefits associated with the transaction will flow to the Company;and- the costs incurred or to be incurred in respect of the transaction can be measured reliably.Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

  Tangible fixed assets depreciation policy

  Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciationand accumulated impairment losses.At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets todetermine whether there is any indication that any items have suffered an impairment loss. If any suchindication exists, the recoverable amount of an asset is estimated in order to determine the extent of theimpairment loss.Depreciation is provided at the following annual rates in order to write off the cost or valuation less theestimated residual value of each asset over its estimated useful life:Plant and machinery: 20% Straight LineFurniture, fittings and equipment: 33% Straight Line

  Other accounting policies

  TaxationIncome tax expense represents the tax currently payable.The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus asreported in the income and expenditure account because of items of income or expense that are taxableor deductible in other years and items that are never taxable or deductible. The Company's liability forcurrent tax is calculated using tax rates that have been enacted or substantively enacted by the end ofthe reporting period.Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised costusing the effective interest method, less impairment losses for bad and doubtful debts.Trade and other creditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bankloans, are measured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method.Defined contribution pensionsThe Company operates a defined contribution plan for its employees. A defined contribution plan is apension plan under which the company pays fixed contributions into a separate entity. Once thecontributions have been paid the company has no further payments obligations.The contributions are recognised as expenses when they fall due. Amounts not paid are shown inaccruals in the balance sheet. The assets of the plan are held separately from the company inindependently administered funds.

Notes to the Financial Statements

for the Period Ended 30 June 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	10	0