Abbreviated Company Accounts - NEW RESULTS TRAINING LTD

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, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Plant and Machinery 25% reducing balance
Computer Equipment 25% reducing balance

Intangible assets amortisation policy
Goodwill
Amortisation of goodwill is being charged to the profit and loss over its estimated useful economic
life of three years.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.