The financial statements have been prepared in accordance with FRS 105 – The Financial Reporting Standard applicable to the Micro‑entities Regime for the first time.
In the prior year, the company prepared its financial statements in accordance with FRS 102 Section 1A.
The directors have reviewed the impact of the transition and confirm that the adoption of FRS 105 has not resulted in any material adjustments to the amounts previously recognised. Accordingly, no transition adjustments were required.