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 income from the sale of books and related products and is stated net of value added tax.
  

  Valuation information and policy

  Stock - Stock is valued at the lower of cost or net realisable value.
  

  Other accounting policies

  Going Concern The high costs of operating in the retail sector continues to be a major factor. The directors continuously review the business strategy to maintain profitability. For the reasons stated above, the directors are of the opinion that it is appropriate to prepare the company’s accounts on a going concern basis.