Director Support and Going Concern
As of the 29/02/2024, the company's balance sheet reflects negative equity. The directors acknowledge this financial position and have carefully assessed the company's ability to continue as a going concern.
The company is currently being supported by its directors, who have provided financial assistance and have committed to continue supporting the company for the foreseeable future. This support includes (bank loans, capital, ect.), which ensures that the company can meet its liabilities as they fall due.
Based on this continued support from the directors and the measures being taken to improve the company's financial position, the directors have a reasonable expectation that the company will be able to continue its operations and meet its obligations for at least the next 12 months. Therefore, the financial statements have been prepared on a going concern basis.