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.

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 the fair value of consideration received or receivable for services provided in the ordinary course of business, net of value added tax.
  
  Turnover is recognised when the services have been provided to the customer.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation.
  
  Depreciation is provided on a straight-line basis over the estimated useful economic lives of the assets as follows:
  
  Fixtures and fittings: 5 to 10 years
  Office equipment: 3 to 5 years
  Motor vehicles: 4 to 5 years
  
  Depreciation is charged from the date the asset is available for use.

  Intangible fixed assets amortisation policy

  Intangible fixed assets comprise goodwill arising on acquisition and are stated at cost less any accumulated impairment losses.
  
  The directors consider that the useful economic life of goodwill cannot be reliably estimated and therefore goodwill is not amortised but is reviewed annually for impairment.

  Valuation information and policy

  Assets and liabilities are recognised at historical cost unless otherwise stated in the accounting policies.

  Other accounting policies

  Taxation comprises current tax payable in respect of the taxable profit for the period. Deferred taxation is not provided as the company qualifies for the small companies exemption under FRS 102 Section 1A. Operating lease rentals are charged to the profit and loss account on a straight-line basis over the lease term.