Notes	2025 £		2024 £
Fixed assets
Tangible fixed assets	3	53,051		53,892
		53,051		53,892
Current assets
Stocks	4	25,003		45,003
Debtors	5	19,761		0
Cash at bank and in hand		85,561		127,732
		130,325		172,735
Creditors: amount falling due within one year	6	(17,685)		(127,094)
Net current assets		112,640		45,641
Total assets less current liabilities		165,691		99,533
Provisions for liabilities	7	(424)		(586)
Net assets		165,267		98,947
Capital and reserves
Called up share capital	8	100		100
Profit and loss account		165,167		98,847
Shareholders' funds		165,267		98,947

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. 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: Plant and Machinery 15% Reducing Balance Fixtures and Fittings 15% Reducing Balance 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.