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

  Turnover represents the total invoiced sales of goods and services, net of VAT, for the accounting period.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost. No depreciation has been charged in these accounts in accordance with micro-entity exemptions.

  Intangible fixed assets amortisation policy

  No intangible fixed assets were held during the period. No amortisation was charged.

  Valuation information and policy

  Stocks are valued at the lower of cost and net realisable value. Debtors are stated at the amounts expected to be received. Cash and short-term investments are stated at nominal value.

  Other accounting policies

  Long-term liabilities include loans provided by the parents of the director, repayable over more than one year. No provisions for liabilities were required at the balance sheet date. No contingent liabilities exist.