Contents of the Financial Statements

for the Period Ended 31 March 2018

Company Information

for the Period Ended 31 March 2018

Directors' Report Period Ended 31 March 2018

The directors present their report with the financial statements of the company for the period ended 31 March 2018

Directors

The directors shown below have held office during the whole of the period from 01 April 2017 to 31 March 2018
Nonye Frances Soludo
Nonyelum Frances Soludo

Profit and Loss Account

for the Period Ended 31 March 2018

The notes form part of these financial statements

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

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
  

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
  

  Intangible fixed assets amortisation policy

  Motor vehicles over 4 years
  Fixtures, fittings, tools and equipment over 4 years
  

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible assets

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Debtors

Notes to the Financial Statements

for the Period Ended 31 March 2018

4.Creditors: amounts falling due within one year note