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.

The company meets its day to day working capital requirements through an invoice discounting facility which is renewable at the end of each contract term, together with continued support from the directors. Whilst cash inflow timings can be unpredictable, the director is confident that these sources of support will continue for the foreseeable future.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset at a rate of 25% reducing balance for vehicles and 33.3% cost for equipment.