Basis of preparation – going concern
The financial statements have been prepared on a going concern basis. The company has net liabilities as at 28 February 2024 of £29630. These conditions indicate the existence of a material uncertainty which may cast significant doubt over the company’s ability to continue as a going concern.
The director has confirmed that they will continue to provide such financial support as is necessary to enable the company to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
Should the director withdraw their support, the company may be unable to realise its assets and discharge its liabilities in the normal course of business, which may cast significant doubt on its ability to continue as a going concern.