The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.
The nature of the company's business is such that there can be considerable variation in the timing of cash inflows. The director considers that the company will continue to operate within it's facilities with its bankers and trade creditors. However, the margin of facilities over requirements is not large and inherently there can be no certainty in relation to these matters. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers or the removal of credit facilities by its suppliers.