Balance sheet continued

As at 31 July 2024

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 July 2024

• 1. Accounting policies

  Basis of measurement and preparation

  The financial statements have been prepared in accordance with applicable Accounting Standards under the historical cost convention. The company has taken advantage of the exemptions in Financial reporting Standard No. 1 from the requirement to produce a Cashflow statement on the grounds that it is a small company.

  Turnover policy

  Turnover is the total amount receivable by the company for services provided.

  Tangible fixed assets depreciation policy

  Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets other than freehold land by the reducing balance method over their expected useful lives. The rates generally applicable are: Office Equipment 25%.