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 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.
2.1.1. Reporting period
The financial statements are for the period 15 July 2025 to 31 July 2026, being the first period from incorporation.
2.1.2 Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to
adopt the going concern basis of accounting in preparing the financial statements. In assessing whether the going
concern assumption is appropriate, management has taken into account all available relevant information about the
future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised
for issue.Revenue comprises sales of goods or services provided to customers net of value added tax and other sales
taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when
performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the
performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete
satisfaction of that performance obligation.When cash inflows are deferred and represent a financing arrangement, the
promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
2.1.3 Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently
measured at cost less any accumulated impairment losses.The investments are assessed for impairment at each
reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or
loss.A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from its activities.An associate is an entity, being neither a subsidiary nor
a joint venture, in which the company holds a long-term interest and where the company has significant influence. The
company considers that it has significant influence where it has the power to participate in the financial and operating
decisions of the associate.Entities in which the company has a long-term interest and shares control under a
contractual arrangement are classified as jointly controlled entities.
2.1.4 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.
2.1.5 Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is