Contents of the Financial Statements

for the Period Ended 31 December 2019

Profit And Loss Account

for the Period Ended 31 December 2019

Balance sheet

As at 31 December 2019

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2019 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 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

  Tangible fixed assets depreciation policy

  Furniture and Fittings depreciated over 5 yearsSoftware and computer equipment over 3 yearsAll straight line.

  Other accounting policies

  LeasesProperty, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.Lease incentivesThe benefits of lease incentives are recognised in profit and loss account over the lease period.Foreign exchangeTransactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction or invoice.Balances at the period-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.Pension costsThe company operates a defined contribution scheme for the benefit of the employees. Contributions payable are recognised in profit and loss account when due.

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 2. Employees

  	2019	8 months to 31 December 2018
  Average number of employees during the period	5	5