1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and on a going concern basis, the validity of which is dependent upon the continued support of the directors

Turnover policy

Turnover: represents amounts receivable for goods and services provided in the normal course of business, net of Value Added Tax

Tangible fixed assets depreciation policy

Tangible fixed assets and depreciation: tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following rates in order to write off the cost, less their estimated residual values, over their anticipated useful lives: Improvements to leasehold buildings straight line 3 years plant and machinery straight line 5 years office equipment straight line 4 years

Intangible fixed assets amortisation policy

The directors review the value of the intangible assets annually and amortise any reduction

Valuation information and policy

Work in progress is the amounts recoverable on contracts: the directors' estimate of the value of work done on incomplete contracts or completed contracts whose final value has not yet been agreed

Other accounting policies

Leasing and hire purchase contracts: assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charges allocated to future periods. The finance element of the rental repayment is charged to the profit and loss account equally over the period of the contract . Operating leases: rentals applicable to operating leases are charged to the profit and loss account as incurred

4. Intangible assets

5. Tangible assets

7. Debtors

Debtors includes unpaid invoices issued to customers, other collectable balances and the part of sums paid or payable at the year end apportioned to activities in following periods

8. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year comprises sums due to suppliers, sub contractors, employees and government agencies with accruals for costs incurred before the balance sheet date but not due together with the part of borrowings repayable within one year

9. Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year comprises the part of borrowings not repayable within one year

11. Called up share capital

Allotted, called up and paid