Contents of the Financial Statements

for the Period Ended 31 July 2017

Company Information

for the Period Ended 31 July 2017

Profit and Loss Account

for the Period Ended 31 July 2017

The notes form part of these financial statements

Balance sheet

As at 31 July 2017

The notes form part of these financial statements

Balance sheet continued

As at 31 July 2017

For the year ending 31 July 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 July 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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period, provided that the outcome can be reliably estimated.

  Tangible fixed assets depreciation policy

  Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment loss.
  Depreciation is calculated so as to write off the cost or valuation of an asset less its residual value over the useful economic life of that asset as follows,
  Plant & machinery ( Computers ) 25% straight line
  Fittings fixtures and equipment 15% straight line

  Other accounting policies

  The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date, and is measured using the tax rates and laws that have been enacted at the reporting date that are expected to apply to the reversal of the timing difference.

Notes to the Financial Statements

for the Period Ended 31 July 2017

2. Dividends

Notes to the Financial Statements

for the Period Ended 31 July 2017

3. Tangible Assets

Notes to the Financial Statements

for the Period Ended 31 July 2017

4.1.Related party disclosures