Contents of the Financial Statements

for the Period Ended 31 March 2018

Company Information

for the Period Ended 31 March 2018

Balance sheet

As at 31 March 2018

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2018

For the year ending 31 March 2018 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 31 March 2018

• 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 is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is recognised:
  
  Rendering of Services
  Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  - the amount of revenue can be measured reliably;
  - it is probable that the Company will receive the consideration due under the contract;
  - the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  - the costs incurred and the costs to complete the contract can be measured reliably.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
  
  Depreciation is charged so as to allocate the cost of assets less residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
  
  Depreciation is provided on the following basis:
  
  Plant and machinery etc -25% Straight Line
  
  The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
  
  Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Notes to the Financial Statements

for the Period Ended 31 March 2018

• 2. Employees

  	2018	2017
  Average number of employees during the period	2	2

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Debtors

Notes to the Financial Statements

for the Period Ended 31 March 2018

5.Creditors: amounts falling due within one year note

Notes to the Financial Statements

for the Period Ended 31 March 2018

6.1. Loans to Directors