COVID-19 impact and going concern
In response to the COVID-19 pandemic, the company has reviewed its operations. The director has reviewed
the forecasts of the company and have concluded that the company will continue to be able to settle its
obligations as they fall due. On the basis of that review he has determined that it is appropriate to prepare the
accounts on a going concern basis and that there is, accordingly, no impact on the recognition and
measurement of assets and liabilities adopted in these financial statements.
In June 2020, the company acquired a long term bank loan of £50,000 which represented funding under
Government backed loan known as The Coronavirus Business Interruption Loan Scheme (CBILS).