| The financial statements have been prepared in compliance with FRS 102 Section 1A (Small Entities) and on a historical cost basis.
The preparation of financial statements in compliance with FRS 102 Section 1A (Small Entities) may require the use of certain critical accounting estimates. It may also require management to exercise judgement in applying the accounting policies. However, in respect of the particular financial periods covered by these financial statements the director does not consider that there were any such significant estimates or judgements required in the preparation of the financial statements.
The principal accounting policies, which were applied consistently during the year and the prior year, are set out below. |