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

  Our profit and loss was calculated by taking our total money received and subtracting your total money spent. Ourr profit is the net result of all income and expenses for the period.

  Tangible fixed assets depreciation policy

  Depreciation is calculated on a straight-line basis to write off the cost of tangible assets over their estimated useful lives. Because all office equipment was purchased in a refurbished state, we estimate a useful life of four year.

  Intangible fixed assets amortisation policy

  Our company's intangible assets consist of software licenses that do not have a defined useful life and are not subject to amortisation. These assets are considered to have an indefinite useful life, and therefore, their value is not written down over time.