Balance sheet continued

As at 31 December 2024

	Notes	2024 £	2023 £
Capital and reserves
Called up share capital:		10,000	10,000
Profit and loss account:		4,626	6,585
Shareholders funds:		14,626	16,585

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

  Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
  The company recognises revenue when:
  The amount of revenue can be reliably measured;
  it is probable that future economic benefits will flow to the entity;
  and specific criteria have been met for each of the company's activities.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation iscalculated to write down the cost less estimated residual value of all tangible assets over their expected useful lives, using the straight-line method.
  The rates applicable are:
  Furniture and fittings 5 years
  Warehouse equipment 3 years