Contents of the Financial Statements

for the Period Ended 21 March 2025

Balance sheet

As at 21 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 21 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 directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 21 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 consideration received or receivable for goods and services supplied in the ordinary course of business and is shown net of VAT. Receipts from the issue of gift cards are not recognised as turnover until the underlying goods or services are supplied.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently at cost less accumulated depreciation and impairment. Depreciation is provided at rates intended to write assets off over their estimated useful lives. Plant, machinery, fixtures and motor vehicles are depreciated using reducing-balance rates of approximately 10% to 25%, and separately identifiable computer equipment at 33.33% on cost.

  Other accounting policies

  Going concern The financial statements have been prepared on a going concern basis. In making their assessment, the directors have considered the company's continued trading since the reporting date, current cash resources, the timing of liabilities, the continued availability of existing financing arrangements and financing obtained since the reporting date. Based on these factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for at least twelve months from the date of approval. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Taxation Current tax is based on taxable profits for the period using rates enacted or substantively enacted at the reporting date. No current Corporation Tax charge is recognised because the tax computation produces a tax loss. No deferred tax asset has been recognised where recoverability is not sufficiently certain. Financial instruments Basic financial assets and liabilities are initially recognised at transaction price and subsequently measured at amortised cost. Trade creditors, card and finance facility balances and customer prepayments expected to settle in the normal operating cycle are classified as current liabilities. Judgements and estimates The financial statements contain estimates based on the accounting records available and information provided by the directors. The most significant estimates relate to stock, trade creditors, taxation and social security balances, card and finance facility balances and customer prepayments. Changes in these estimates could materially affect the financial statements.

Notes to the Financial Statements

for the Period Ended 21 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	20	20