Balance sheet continued

As at 11 July 2017

	Notes	2017 £	2016 £
Capital and reserves
Called up share capital:		100	100
Profit and loss account:		1,694	1,709
Shareholders funds:		1,794	1,809

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.

For the year ending 11 July 2017 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 11 July 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

  Turnover policy

  Turnover represents net invoiced sales of services, excluding value added tax.
  

  Tangible fixed assets depreciation policy

  Depreciation is provided at 25% of cost on a straight line basis in order to write off each asset over its estimated useful life.