These financial statements have been prepared in compliance with FRS 102(1A) – TheFinancial Reporting Standard applicable in the UK and Republic of Ireland and the CompaniesAct 2006.

Turnover is measured at the fair value of the consideration received or receivable, net ofdiscounts and value added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances

Government grants are recognised in the profit and loss account in an appropriate manner thatmatches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support, including the Covid-19 Small Business Support Grant,are recognised immediately in the profit and loss account. Grants towards general activities ofthe entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assetsand are treated as deferred income and released to the profit and loss account over the usefullife of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have beencomplied with

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates ofexchange ruling at the balance sheet date. Transactions in foreign currencies are translated intosterling at the rate ruling on the date of the transaction. Exchange differences are taken intoaccount in arriving at the operating profit.

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profitas reported in the statement of comprehensive income because of items of income or expensethat are taxable or deductible in other year and items that are never taxable or deductible. Thecompany's liability for current tax is calculated using tax rates that have been enacted orsubstantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets andliabilities in the financial statements and the corresponding tax bases used in the computation oftaxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.Deferred tax assets are generally recognised for all deductible temporary differences to theextent that it is probable that taxable profits will be available against which those deductibletiming differences can be utilised. The carrying amount of deferred tax assets is reviewed at theend of each reporting period and reduced to the extent that it is no longer probable that sufficienttaxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in theperiod in which the liability is settled or the asset realised, based on tax rates (and tax laws) thathave been enacted or substantively enacted by the end of the reporting period. Deferred taxliabilities are presented within provisions for liabilities and deferred tax assets within debtors.The measurement of deferred tax liabilities and asset reflects the tax consequences that wouldfollow from the manner in which the Company expects, at the end of the reporting period, torecover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related toitems that are recognised in other comprehensive income or directly in equity, in which case, thecurrent and deferred tax is also recognised in other comprehensive income or directly in equityrespectively

Deferred tax is recognised in respect of all timing differences that have originated but notreversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantivelyenacted by the reporting date that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it isprobable that they will be recovered against the reversal of deferred tax liabilities or other futuretaxable profits.

Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Leasehold Property	Straight Line - 10 Year UEL
Plant and Machinery	Straight Line - 3 Year UEL
Computer Equipment	Straight Line - 3 Year UEL