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.

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 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

  Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.
  

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off each tangible fixed asset over its estimated useful life.
  Plant & Machinery 25% reducing balance
  Motor Vehicles 25% reducing balance
  Equipment 25% (reducing balance
  

  Intangible fixed assets amortisation policy

  Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life.
  
  Franchise Agreement 6.67% (straight line)
  

  Other accounting policies

  Hire Purchase Agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.