Balance sheet continued

As at 31 October 2024

	Notes	2024 £	13 months to 31 Oct 2023 £
Capital and reserves
Called up share capital:		2	2
Profit and loss account:		( 306 )	196
Shareholders funds:		( 304 )	198

For the year ending 31 October 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 October 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 is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and
  from rendering of services. Turnover is reduced for customer returns, discounts, rebates and other similar allowances

  Tangible fixed assets depreciation policy

  25% Straight line method