Balance sheet continued

As at 28 February 2025

For the year ending 28 February 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 28 February 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 represents amounts receivable for goods and services net of VAT and trade discounts.

  Tangible fixed assets depreciation policy

  Annual depreciation of motor vehicles is calculated at 25% on written down value to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime'.

  Other accounting policies

  Assets obtained under HP contracts are capitalised in the balance sheet, and depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account, the capital element of future payments is treated as a liability. Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease