1. Accounting 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 fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:- Motor Vehicle -20% on cost Fixtures and Fittings -20% on cost

Intangible fixed assets amortisation policy

Amortisation is provided at rates calculated in order to write off each asset on a straight basis over its estimated useful economic life. Impairment of intangible assets is only reviewed were circumstances indicate that the carrying value of an asset may not be fully recoverable.

Other accounting policies

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3. Intangible assets

4. Tangible assets

5. Debtors

6. Creditors: amounts falling due within one year

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

8. Called up share capital

Allotted, called up and paid

10. Related party disclosures

Controlling Party GL Phelps has a controlling interest in 100% of the Company’s issued ordinary share capital. Transactions with Related Party During the year the Company sold goods and services to the value of £21,150, (2014 £6,000) to Net Support UK Ltd, a company in which GL Phelps is materially interested as a shareholder. Included in debtors at 31 March 2015 £10,500 was owed to the company by Net Support UK, (2014 £nil). The transactions were on a normal trading basis.