1. Accounting policies

Basis of measurement and preparation of accounts

The accounts are prepared on the basis of historical cost and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002) and generally accepted fundamental accounting concepts which have been consistently applied in order to present fairly the results and financial position.

Turnover policy

Turnover is the total amount receivable by the Company in the ordinary course of business for work executed and services provided, excluding VAT.

Tangible fixed assets depreciation policy

Motor Vehicles - 25% and 33.33% per annum on straight line basis. Plant and Equipment - 25% per annum on reducing balance. Office Equipment and Fixtures and Fittings - 25% on reducing balance.

Valuation information and policy

Stock in trade has been valued at the lower of cost or net realisable value.

Other accounting policies

The charge for taxation is based on the result for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation accounting purposes. The Company has adopted FRS19 Deferred Tax. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more or a right to pay less, tax in the future have occurred at the balance sheet date.

6. Tangible assets

8. Debtors

9. Creditors: amounts falling due within one year

10. Called up share capital

Allotted, called up and paid