The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.1.1 Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting

Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies

Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of

section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true

and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting

policies adopted are set out below.


2.1.2 Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the director

continues to adopt the going concern basis of accounting in preparing the financial statements.


2.1.3 Turnover

Turnover represents amounts earned during the year net of VAT.

2.1.4 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write

off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale

proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.1.5 Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.1.6 Financial instruments

As per the definition of FRS 102, the company makes use of only basic financial instruments which are

initially recognised at transaction value and subsequently measured at settlement value. Financial

instruments held by the entity comprise debtors, creditors and cash.

2.1.7 Taxation

The tax expense represents the tax currently payable.

2.1.8 Current tax