At 31 May 2024 the company had net liabilities of £40,926 (2023: £34,584).
The company relies on the continuing financial support of its directors by way of current and loan account balances totalling £34,178 (2023: £32,498).
The directors have indicated that these financial statements should be prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise and to reclassify fixed assets as current assets.