The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
This is the first set of accounts produced under the Financial Reporting Standard 102 section 1A. On transition a review has been carried out of the previously recognised amounts to identify any that would need to be restated under the new stadards. The effect of these is shown below.
Reconcilitation of equity
At 1 March 2022 At 28 Feb 2023
Capital and Reserves (as previously stated) 145,915 145,965
Recognisition of Deferred Tax Provision -6,747 -5,497
Capital and Reserves (as restated) 139,168 140,468
Reconciliation of Profit or Loss
Year ended 28 Feb 2023
Profit for the year (as previously stated) 80,901
Movement in Deferred Tax Provision 1,250
Profit for the year (as restated) 82,151