Balance sheet continued

As at 28 February 2025

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 28 February 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 the value of goods and services, less returns and discounts, invoiced to customers during the year and excludes value added tax.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less depreciation. Depreciation is provided so as to write off the cost of fixed assets equally over their estimated useful lives, the annual rates of depreciation being as follows:
  Heavy plant & machinery 20% on cost; Motor vehicles 25% on cost; Office equipment; 20% on cost.
  

  Valuation information and policy

  Stock is valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow-moving items. Cost is actual invoice price.
  
  

  Other accounting policies

  Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future.