1. Accounting policies

Basis of measurement and preparation of accounts

The Financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of VAT.

Tangible fixed assets depreciation policy

All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows: Leasehold Property - Written off in equal instalments over ten years Plant and Machinery - 25 % reducing balance Fixtures & Fittings - 25% reducing balance

Intangible fixed assets amortisation policy

Intangible assets (goodwill) are amortised at rates calculated to write off the assets on a straight line basis over their useful estimated economic life. The rate is 10% straight line.

Valuation information and policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. Intangible assets

3. Tangible assets

4. Called up share capital

Allotted, called up and paid