Notes	2025 £		2024 £
Fixed assets
Intangible fixed assets	3	675,050		770,376
Tangible fixed assets	4	65,241		37,488
		740,291		807,864
Current assets
Stocks	5	75,000		75,000
Debtors	6	155,198		154,115
Cash at bank and in hand		2,179,180		2,026,525
		2,409,378		2,255,640
Creditors: amount falling due within one year	7	(409,179)		(409,119)
Net current assets		2,000,199		1,846,521
Total assets less current liabilities		2,740,490		2,654,385
Provisions for liabilities	8	26,289		12,925
Net assets		2,766,779		2,667,310
Capital and reserves
Called up share capital	9	1,000		1,000
Profit and loss account		2,765,779		2,666,310
Shareholders' funds		2,766,779		2,667,310

1.

Accounting policies Significant accounting policies The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Intangible assets Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Goodwill Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures and Fittings 20% Reducing Balance Motor Vehicles 20% Reducing Balance Computer Equipment 20% Reducing Balance Assets on finance lease and hire purchase Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives. Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. Stocks 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 and an appropriate proportion of fixed and variable overheads. Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.