Balance sheet continued

As at 30 June 2025

For the year ending 30 June 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 30 June 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

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

  Tangible fixed assets depreciation policy

  Depreciation is provided after taking accounts of any grants receivables at the following annual rates in order to write off each assets over its estimated useful life. Freehold buildings 2% on cost or revalued amounts. Plants and Machinery 15% on cost, Fixtures and Fittings % on cost, Motor Vehicle 25% on cost.

  Intangible fixed assets amortisation policy

  Intangible fixed assets including purchased goodwill and patents are amortized at rates calculated to write off the assets is only reviewed where circumstances indicate that the carrying value of a asset may not fully recoverable

  Valuation information and policy

  Stocks and work in progress are valued at the lower cost and net realizable value after making due allowance for the obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable cost

  Other accounting policies

  Assets obtained under hire purchase contracts or finance leases are capitalized in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or lease term, which is shorter. The interest elements of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments are treated as a liability. Rental paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development expenditure on research and development is written off in a year which is incurred