Contents of the Financial Statements

for the Period Ended 31 December 2016

Company Information

for the Period Ended 31 December 2016

Directors' Report Period Ended 31 December 2016

The directors present their report with the financial statements of the company for the period ended 31 December 2016

Directors

The directors shown below have held office during the whole of the period from 01 January 2016 to 31 December 2016
STUART NEALE
DAVID HASWELL
KEITH FOSTER
SARAH STACEY
PENNY TURNBULL
FRANCIS LESTER
JUDY HARTLEY

Secretary
RON ADAM

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

  THE TURNOVER SHOWN IN THE PROFIT AND LOSS ACCOUNT REPRESENTS REVENUE EARNED DURING THE PERIOD, EXCLUSIVE OF VAT.

  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:
  FIXTURES & FITTINGS - 20% ON COST
  PLANT & EQUIPMENT - 20% ON COST

  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 BASIS OVER THEIR ESTIMATED USEFUL ECONOMIC LIVES, NOT TO EXCEED TWENTY YEARS. IMPAIRMENT OF INTANGIBLE ASSETS IS ONLY REVIEWED 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.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Tangible Assets