Contents of the Financial Statements

for the Period Ended 30 September 2017

Company Information

for the Period Ended 30 September 2017

Balance sheet

As at 30 September 2017

The notes form part of these financial statements

Balance sheet continued

As at 30 September 2017

For the year ending 30 September 2017 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 30 September 2017

• 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

  Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation
  and accumulated impairment losses.
  At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to
  determine whether there is any indication that any items have suffered an impairment loss. If any such
  indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the
  impairment loss.
  Depreciation is provided at the following annual rates in order to write off the cost or valuation less the
  estimated residual value of each asset over its estimated useful life:
  Plant and machinery 18%% Straight line
  Motor vehicles 25%% Straight line
  Stocks
  Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs,
  which comprise direct production costs, are based on the method most appropriate to the type of
  inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred.
  Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
  When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in
  which the related revenue is recognised. The amount of any write-down of stocks to net realisable value
  and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.
  The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of
  inventories recognised as an expense in the period in which the reversal occurs.

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Dividends

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Tangible assets

Notes to the Financial Statements

for the Period Ended 30 September 2017

4.Creditors: amounts falling due within one year note