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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off cost less residual value of each asset over its expected useful life, as follows:
Plant & machinery – 25% straight line
Fixtures, fittings and equipment – 25% straight line

Other accounting policies
Going Concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned not be forthcoming, the going concern basis used in preparing the company's accounts may not be valid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide any further liabilities which may arise. The accounts do not include any adjustments that might be necessary should this basis not continue to be appropriate.

Deferred Taxation

Deferred tax is recognises in respect of all timing differences that have originated but not reversed at the Balance Sheet date. Provision for this liability has been made in the financial statements.