Contents of the Financial Statements

for the Period Ended 30 November 2017

Company Information

for the Period Ended 30 November 2017

Balance sheet

As at 30 November 2017

The notes form part of these financial statements

Balance sheet continued

As at 30 November 2017

For the year ending 30 November 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.

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 November 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the
  Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the
  company.

  Tangible fixed assets depreciation policy

  Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected
  useful economic life as follows:
  Asset class & depreciation method and rate:
  Plant and equipment 25% straight line basis

  Other accounting policies

  Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Tangible assets

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Debtors

Notes to the Financial Statements

for the Period Ended 30 November 2017

4.Creditors: amounts falling due within one year note