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 total invoices rendered in the period in the ordinary course of services provided after deducting trade discounts and value added tax.

Tangible assets depreciation policy
Depreciation has been provided at rates calculated to write down the cost of the assets to its estimated residual value by the end of its probable useful life in the Company's business.

The bases and rates applicable are as follows:

Fixtures, fittings and equipment - 20% pa on a written down basis

Other accounting policies
Assets obtained under hire purchase and finance leases are capitilised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payments is charged to the profit and loss acccount so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Deferred Taxation is provided at the rate of corporation tax in force at the end of the year on timing differences arising between profits computed for taxation purposes and profits as stated in the Accounts, except where the tax relieved is not expected to give rise to taxation liabilities in the foreseeable future.

Stocks have been valued at the lower of cost and net realisable value.