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| BALANCE SHEET AT 31/08/2026 |
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| | | | | | 2026 | | | | 2025 |
| | Notes | | | | £ | | | | £ |
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| FIXED ASSETS | | | | | | | | | | |
| Tangible assets | | 4 | | | | 344 | | | | 276 |
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| CURRENT ASSETS | | | | | | | | | | |
| Debtors | | 5 | | 8,378 | | | | 14,968 | | |
| Cash at bank and in hand | | | | 15,739 | | | | 53,694 | | |
| | | | 24,117 | | | | 68,662 | | |
| CREDITORS: Amounts falling due within one year | | 6 | | 22,238 | | | | 34,262 | | |
| NET CURRENT ASSETS | | | | | | 1,879 | | | | 34,400 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | | | | | | 2,223 | | | | 34,676 |
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| CAPITAL AND RESERVES | | | | | | | | | | |
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| Called up share capital | | 7 | | | | 2 | | | | 2 |
| Profit and loss account | | | | | | 2,221 | | | | 34,674 |
| SHAREHOLDERS' FUNDS | | | | | | 2,223 | | | | 34,676 |
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| For the year ending 31/08/2026 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 decided not to deliver to the registrar a copy of the company's profit and loss account. |
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| Approved by the board on 29/09/2026 and signed on their behalf by | | | | | | | | | | |
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| ............................. | | | | | | | | | | |
| Ian Wilkinson | | | | | | | | | | |
| Director | | | | | | | | | | |
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| 1h. 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 liability simultaneously.
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| Cash at bank and in hand 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 over drafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and bank and cash 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 measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the individual financial arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.
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| Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, in which case the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due in one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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