| The company meets its day-to-day working capital requirements through its bank facilities. The current economic conditions continue to create uncertainty over:
(a) the level of demand for the company’s products; and
(b) the availability of bank finance for the foreseeable future.
The company’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The company, therefore, continues to adopt the going concern basis in preparing its financial statements. |