Abbreviated Company Accounts - BY RESULTS LIMITED

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 net invoiced sales of goods and services, excluding VAT.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost less estimated residual value of all tangible
fixed assets by the straight line method over their expected useful lives. The rates
generally applicable are:

Equipment 20% pa

Intangible assets amortisation policy
Purchased goodwill is amortised on a straight line basis over its estimated useful economic life.

Other accounting policies
Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation
computations in periods different from those in which they are included in the company's
accounts. Deferred tax is provided in full on timing differences which result in an
obligation to pay more (or less) tax at a future date, at the average tax rates that are expected
to apply when the timing differences reverse, based on current tax rates and laws.