The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

At the balance sheet date the company has net liabilities of £272,885 (2024:£230,529). The accounts have been drawn up on a going concern basis because the director, who is the company's main provider of business finance, has given an assurance that she will continue to support the business for a period of at least twelve months from the date the accounts are approved.

Turnover is measured at the fair value of the consideration received or receivable from the sale of books and from workshops.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Book stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. Cost includes all direct costs attributable to each title.