Contents of the Financial Statements

for the Period Ended 31 December 2016

Company Information

for the Period Ended 31 December 2016

Balance sheet

As at 31 December 2016

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2016

For the year ending 31 December 2016 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 December 2016

• 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 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

  Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
  Plant and machinery - 25% reducing balance basis
  Motor vehicles - 25% reducing balance basis
  Fixtures and fittings - 25% reducing balance basis
  Office equipment - 25% reducing balance basis
  

  Other accounting policies

  Taxation The tax charge is based on the results for the year. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to receive repayments of tax. Deferred tax is measured on a non discounted basis at the average tax rates that are expect to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 December 2016

4. Debtors

Notes to the Financial Statements

for the Period Ended 31 December 2016

5.Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 31 December 2016

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

Notes to the Financial Statements

for the Period Ended 31 December 2016

7.1. Loans to Directors