Balance sheet continued

As at 31 January 2025

For the year ending 31 January 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 31 January 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 revenue recognised by the company in respect of goods and services supplied during the period exclusive of Value Added Tax and trade discounts.

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following rates to write off each asset over its estimated useful life.
  Computer and office equipment - 33.3% p.a. on cost - straight line.
  Fixture and fittings - 15% p.a. on reducing balance

  Intangible fixed assets amortisation policy

  Amortisation of acquired goodwill - straight line over 20 years.

  Valuation information and policy

  Stocks are valued at lower of cost and net realizable value, after making due allowances for obsolete and slow moving items.