During the current financial year, the entity re-evaluated the classification of its website development costs. Previously, these costs were included within Plant and Machinery (Tangible Fixed Assets).
To more accurately reflect the nature of the asset in accordance with FRS 105 Section 13, these costs have been reclassified as Intangible Assets.
Comparative Figures: The prior year comparatives have been restated to reflect this change. A balance of £86 has been moved from Tangible Assets to Intangible Assets.
Current Year: The current year figures have been prepared on this consistent basis.
There was no impact on the reported profit or the net asset position of the micro-entity for either the current or prior period as a result of this reclassification.