Balance sheet continued

As at 31 May 2018

	Notes	2018 £	2017 £
Capital and reserves
Called up share capital:		100	100
Profit and loss account:		506,406	554,443
Shareholders funds:		506,506	554,543

For the year ending 31 May 2018 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 May 2018

• 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 amounts receivable for services net of VAT.

  Tangible fixed assets depreciation policy

  Tangible fixed assets - office equipment - is depreciated at 25% on cost in the year of acquisition and thereafter at the same rate on their net book value.