1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable , net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 25% reducing balance

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Goodwill 20% straight line

Valuation information and policy
Stock is valued at the lower of cost or net realiseable value, after due regard for obsolete and slow moving stocks. Net realiseable value is based on selling price less anticipated costs to completion and selling costs.