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 January 2015.

Turnover policy
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings straight line 1%
Commercial Vehicles reducing balance 25%
Equipment reducing balance 20%

Other accounting policies
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and
have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that
the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are
capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability
in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a
constant proportion of the balance of capital repayments outstanding.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the
next lease review.