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.

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 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

  Turnover represents income receivable during the financial year, excluding VAT.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.
  
  Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful economic life as follows:
  
  Plant and machinery - 20% reducing balance
  Office equipment - 20% straight line
  Investment property - No charge

  Intangible fixed assets amortisation policy

  Intangible assets are stated at cost less accumulated amortisation and any accumulated impairment losses.
  
  Amortisation is charged on a straight-line basis over the estimated useful economic life of the asset as follows:
  
  Goodwill - 10% straight line

  Valuation information and policy

  Investment property was revalued during the year by DM Hall Chartered Surveyors. The valuation represents the fair market value at the year end.