Contents of the Financial Statements

for the Period Ended 31 March 2021

Directors' report period ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Directors

The directors shown below have held office during the whole of the period from
1 April 2020 to 31 March 2021

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 December 2021

And signed on behalf of the board by:
Name: MARILYN HAWKINS
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2021

Balance sheet

As at 31 March 2021

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2021 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 March 2021

• 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 COMPRISES THE FAIR VALUE OF THE CONSIDERATION RECEIVED OR RECEIVABLE FOR THE SALE OF GOODS AND PROVISION OF SERVICES IN THE ORDINARY COURSE OF THE COMPANYS ACTIVITIES. TURNOVER IS SHOWN NET OF SALES/ VALUE ADDED TAX, RETURNS, REBATES AND DISCOUNTS.

  Other accounting policies

  Trade Debtors- Trade debtors are amounts due from customers for merchandise sold or services performed in the course of ordinary business.Trade Debtors are recognised initially at the transaction price. They are subsequently measured at an amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the FIFO method. The cost of furnished goods and WIP comprises direct materials, and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At the reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Trade CreditorsTrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have the unconditional right, at the end of the reporting period, to defer settlement to the creditor for at least 12 months after the reporting date. If there is an unconditional right to defer settlement for at least 12 months after the reporting date, they are presented as non current liabilities.Trade creditors are recognised initially at the transaction price and subsequently measured at the amortised cost using the effective interest method.

Notes to the Financial Statements

for the Period Ended 31 March 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	1	1