Balance sheet continued

As at 31 March 2025

For the year ending 31 March 2025 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 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  The financial statements have been prepared under the historical cost convention.

  Turnover policy

  The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

  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. Plant & Machinery -25% on cost, Fixtures & Fittings -25% on cost, Motor Vehicle -25% on cost, Office Machinery -25% on cost.

  Intangible fixed assets amortisation policy

  Intangible fixed assets (including purchased goodwill and patents) are mortised at rates calculated to write off the 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

  Stocks and work-in-progress are valued lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
  Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

  Other accounting policies

  Assets obtained under hire purchase contracts or financial leases are capitalised in the balance sheet. Those held under hire purchase contacts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. The interest element of these obligations is charged on the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.