1. Accounting policies

Basis of measurement and preparation of accounts

The financial statement have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets depreciation policy

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Computer equipment - 33% of cost

Valuation information and policy

Work in progress is valued at the lower of costs and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Financial Instruments: Financial Instruments are classified and accounted for, according to the substance of he contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

6. Tangible assets

7. Debtors

8. Creditors: amounts falling due within one year

9. Called up share capital

Allotted, called up and paid

11. Related party disclosures

As at 31 January 2015 the company owed S I Smith, director, £6,530 (2014: £2,340). The balance is included in other creditors. There are no fixed repayment terms and no interest is due.