| The major part of the company's working capital requirements are provided by the director which is
repayable on demand. Director has indicated that he will not demand repayment; however no formal
agreement is in place. Support has been provided by a loan from a director who has indicated that this
support will continue for the foreseeable future.
The director, having considered the above and made due enquiries, continue to adopt the going concern
basis in preparing the financial statements which assumes that the company will continue in operation
for the foreseeable future. To bolster the working capital reserves the director has secured new overdraft
facilities with their bank, this will be provided on a rolling basis and reviewed by the directors and bank
every 24 months. |