Balance sheet continued

As at 31 May 2025

For the year ending 31 May 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 May 2025

• 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 represents the total invoiced value of services provided during the year, excluding value added tax.
  
  The company’s turnover during the year was derived entirely from its principal activity of providing accounting, bookkeeping, and payroll services, and was earned wholly within the United Kingdom

  Tangible fixed assets depreciation policy

  
  
  
  

  Valuation information and policy

  Tangible Fixed Assets and Depreciation
  Depreciation is provided on all tangible fixed assets in order to write off their cost less estimated residual value over their expected useful lives. Depreciation is calculated using the reducing balance method at the following annual rates:
  Fixtures and Fittings at 10% per annum
  Office Equipment at 10% per annum
  
  The depreciation rates reflect the estimated useful economic lives of the assets and are reviewed annually
  

  Other accounting policies

  Debtors Trade and other debtors are recognised at the transaction price and subsequently measured at amortised cost, less any provision for impairment. Creditors Creditors are recognised at the transaction price and subsequently measured at amortised cost. Liabilities are recognised for amounts expected to be paid, whether invoiced or not. Cash and Cash Equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term, highly liquid investments with original maturities of three months or less. Taxation The charge for taxation is based on the profit for the year and takes into account deferred tax. Deferred tax is provided in full on timing differences that result in an obligation at the balance sheet date to pay more tax or a right to pay less tax in the future. Going Concern The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.