Balance sheet continued

As at 31 December 2024

For the year ending 31 December 2024 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 December 2024

• 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

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

  Tangible fixed assets depreciation policy

  All assets are fully depreciated at the time of purchase. The company's only assets are in computer equipment where the residual value is considered to be fully depreciated at the point of purchase.

  Intangible fixed assets amortisation policy

  All assets are fully depreciated at the time of purchase. The company does not hold any intangible fixed assets.

  Valuation information and policy

  The costs of software development are written off to the profit and loss account in the period in which they are incurred. The company is not engaged in long term contracts and does not operate a work in progress accrual system.