Balance sheet continued

As at 31 March 2018

For the year ending 31 March 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 March 2018

• 1. Accounting policies

  Basis of measurement and preparation

  This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the smaill companies regime.

  Turnover policy

  Turnover is measured at the fair value of the consideration receied or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering services. Turnover from the sale of goods is recognises when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

  Tangible fixed assets depreciation policy

  Tangible fixed assers are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residule value, of each aset evenly over its expected useful life.