Contents of the Financial Statements

for the Period Ended 31 July 2025

Profit And Loss Account

for the Period Ended 31 July 2025

Balance sheet

As at 31 July 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 July 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 July 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 comprises revenues, measured at the fair value of consideration receivable and excluding VAT and discounts, in respect of goods and services supplied during the year. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. Turnover from provision of services is recognised by reference to the stage of completion of the contract, where it can be reliably estimated. If the outcome of a contract cannot be estimated reliably, turnover is only recognised to the extent of recoverable expenses.

  Tangible fixed assets depreciation policy

  Tangible fixed assets, other than freehold property, are stated at cost less accumulated depreciation and any accumulated impairment losses. Freehold buildings may be stated at revaluation where this can be measured reliably, otherwise at cost, and less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated on a straight-line basis, to allocate the cost less estimated residual value of tangible fixed assets, other than freehold land which is not depreciated, over their expected useful lives at the following rates: Freehold buildings are depreciated at an annual rate of 2 percent Equipment and tools are depreciated at an annual rate of 10 percent Fixtures and fittings are depreciated at an annual rate of 15 percent Motor vehicles are depreciated at an annual rate of 20 percent The residual value of assets is reviewed annually, and if there is indication of significant impairment to an asset, its carrying amount is reduced to the estimated recoverable amount. An impairment loss, recognised as the difference in these two amounts, is charged to profit or loss for the year.

  Intangible fixed assets amortisation policy

  Intangible fixed assets Intangible fixed assets, including goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is calculated on a straight-line basis, to allocate the cost less estimated residual value of intangibles over the following expected useful lives: Goodwill is amortised over 10 years

  Other accounting policies

  Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes directly attributable labour and other costs of production. Appropriate provision is made for obsolete or slow-moving items. Leases Leases are classified as finance leases where the terms of the lease give rights approximating to ownership. Assets held under finance leases or hire purchase contracts are treated as if they had been purchased outright, included in tangible fixed assets, and depreciated and assessed for impairment losses. Lease payments are apportioned between capital and finance charges so as to achieve a constant rate of interest over the term of the lease on the balance capital outstanding. The capital element reduces the amount payable to the creditor and the finance charges are deducted in measuring profit or loss. Leases that are not classified as finance leases are treated as operating leases. Rentals payable under operating leases are charged to profit and loss on a straight-line basis over the term of the lease. The aggregate benefit of any lease incentives are recognised in profit and loss over the lease term on a straight-line basis. Deferred taxation The tax expense for the year comprises undiscounted current and deferred tax, where appropriate. Deferred tax, using the tax rates enacted or substantively enacted by the reporting date, is recognised in respect of all timing differences in comparing when transactions are recognised in the financial statements and when they are recognised for tax purposes. Tax is recognised in profit and loss, unless attributable to other comprehensive income. Foreign exchange Foreign currency transactions are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction, or at an average rate where this approximates the actual rate at the date of the transaction. At the end of each reporting period, monetary items denominated in foreign currencies are translated at the appropriate closing rate at that date. Foreign exchange gains and losses are presented in other income within profit and loss. Pension costs The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from the company in independently administered funds. Pension payments are recognised as an expense in profit and loss in the period in which they fall due. Short-term employee benefits A liability for all material employee pay and benefits is recognised in profit and loss, including accrued employee holiday pay entitlements at the year end that are paid in the following year.

Notes to the Financial Statements

for the Period Ended 31 July 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	27	19