Balance sheet continued

As at 31 March 2025

For the year ending 31 March 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 March 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 calculated to write of the cost of tangible fixed assets by annual instalments over their estimated useful lives based on the
  netbook value of assets owned at the beginning of the year and the cost of assets acquired during the year as follows: -
  Motor vehicles: 20% reducing balance
  Tools and equipment: 25% reducing balance
  Office equipment: 33% reducing balance

  Intangible fixed assets amortisation policy

  Annual amortisation of goodwill is calculated at 25% to write off the cost of the asset, minus its residual value, over its estimated useful lifetime.
  Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

  Valuation information and policy

  Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving
  items. Cost includes all direct expenditure and overheads.

  Other accounting policies

  Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts aredepreciatedovertheir estimated useful lives.