Statutory information.The Company is a private company limited by shares and domiciled in England and Wales. The registered office is 9-13 St. Andrew Street, London, England, EC4A 3AF.Leased assets-Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance lease are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a consistent periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis. Stock.Stock and work-in-progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock and work-in-progress to its present location and condition. A ‘first-in-first-out’ basis is used. Taxation.Taxation represents the sum of tax currently payable and deferred taxation. Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reversed by the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as recoverable. Deferred tax is measured using the rate of tax that is expected to apply in the periods in which the timing differences are expected to reverse. Going Concern.The directors consider the company will continue to trade as a going concern as they believe the shareholders will continue to support the company to enable it to meet its liabilities as they fall due.