Contents of the Financial Statements

for the Period Ended 31 March 2017

Company Information

for the Period Ended 31 March 2017

Balance sheet

As at 31 March 2017

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2017

For the year ending 31 March 2017 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 March 2017

• 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 represents the sales of goods and services (excluding value added tax). Turnover is recognised when goods or services are physically delivered to the customer.

  Tangible fixed assets depreciation policy

  Depreciation has been provided to write off tangible fixed assets over their estimated useful economic lives at the following rates:
  
  Vehicles - 25% of cost
  

  Intangible fixed assets amortisation policy

  Purchased goodwill (representing the excess of the fair value of the consideration given over the fair value of the separable net assets acquired) arising on business combinations is capitalised. Positive goodwill is amortised to nil by equal annual instalments over its estimated useful life.

  Other accounting policies

  Stocks Stock is valued at the lower of cost and estimated net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. Debtors Provision is made for debts where recovery is considered doubtful Taxation The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise, based on current tax rates and law.

Notes to the Financial Statements

for the Period Ended 31 March 2017

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Tangible Assets