Balance sheet continued

As at 31 December 2024

For the year ending 31 December 2024 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 December 2024

• 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 amounts receivable for goods supplied and services provided during the year, net of VAT and trade discounts. Revenue is recognised when the significant risks and rewards of ownership have passed to the customer.
  

  Tangible fixed assets depreciation policy

  
  

  Valuation information and policy

  Assets and liabilities are initially recognised at historical cost. No revaluations have been undertaken in the current year.

  Other accounting policies

  The financial statements have been prepared on a going concern basis. Stocks are valued at the lower of cost and net realisable value. Prepayments and accrued income are recognised to match income and expenditure to the correct accounting period.