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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 3 Bridge Industrial Estate, Bridge Industrial Estate, Wymondham, Norfolk, NR18 9AU. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
| | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | 18% reducing balance | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | | | Equipment | | | Motor Cars | 18% reducing balance |
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(4) Employees
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| During the year, the average number of employees including director was 3 (2024 : 3). |
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(5) Fixed assets
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| Tangible £ | | Cost | | | As at 01 June 2024 | 33,437 | | As at 31 May 2025 | 33,437 | | Depreciation/Amortisation | | | As at 01 June 2024 | 6,017 | | For the year | 4,936 | | As at 31 May 2025 | 10,953 | | Net book value | | | As at 31 May 2025 | 22,484 | | As at 31 May 2024 | 27,420 |
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(6) Creditors - Amounts falling due within one year
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2025 Director's Loan Account £7,364 VAT £3,691 Trade Creditors £10,678 2024 Director's Loan Account £27,364 VAT £2,747 Trade Creditors £11,781 |
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(7) Debtors Amounts falling due within one year
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2025 Trade Debtors £2,354
2024 Trade Debtors £2,282 |
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