For all periods up to and including the year ended 31 January 2016, the Company prepared its financial statements in accordance with previously extant United Kingdom generally accepted accounting practice (UK GAAP, specifically the Financial Reporting Standard for Smaller Entities (FRSSE)). These financial statements, for the year ended 31 January 2017, are the first the Company has prepared in accordance with FRS 105.
Accordingly, the Company has prepared individual financial statements which comply with FRS 105 applicable for periods beginning on or after 1 February 2016. No transition adjustments were required.