Balance sheet continued

As at 30 September 2024

For the year ending 30 September 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 30 September 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

  Tangible fixed assets depreciation policy

  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

  Intangible fixed assets amortisation policy

  Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

  Valuation information and policy

  Work-in-progress are valued at the lower of cost and net realizable value, after making allowance for obsolete and slow-moving items. Cost includes all direct expenditure and overheads.