Balance sheet continued

As at 05 April 2025

For the year ending 5 April 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 05 April 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 and VAT
  
  Turnover represents the fair value of consideration receivable for services provided in the ordinary course of business, exclusive of Value Added Tax (VAT). Revenue is recognised when the Company has satisfied its performance obligations and the service has been delivered to the customer.
  
  Turnover and costs are stated net of VAT, except where VAT is not recoverable by the Company. Where the domestic reverse charge for VAT applies, income and expenditure are recognised net of VAT in accordance with HMRC guidance, with no VAT included within turnover or cost of sales. VAT is recognised on the balance sheet as a debtor or creditor at the reporting date.

  Tangible fixed assets depreciation policy

  Tangible Fixed Assets and Depreciation
  
  Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Depreciation is provided to write off the cost of tangible fixed assets, less their estimated residual values, over their expected useful economic lives on a straight-line basis.
  
  Office furniture, fixtures and equipment are depreciated at 20% per annum and IT equipment and specialist design hardware are depreciated at 25% per annum. During the year, depreciation of £2,592 was charged, reducing the net book value of tangible assets from £12,962 to £10,370.

  Intangible fixed assets amortisation policy

  Intangible fixed assets are stated at cost less accumulated amortisation and any impairment losses. Amortisation is provided to write off the cost of intangible fixed assets, less their estimated residual values, over their expected useful economic lives on a straight-line basis.
  
  

  Valuation information and policy

  Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items. Cost includes all directly attributable expenditure and an appropriate proportion of overheads incurred in bringing the stock or work in progress to its present condition and location.

  Other accounting policies

  The Company did not have any finance lease or hire purchase arrangements during the year. No deferred tax was recognised as the directors consider that timing differences are not material.