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). It is appropriate for the accounts to be prepared in a manner which is consistent with the business operating as a going concern.

Turnover policy

Turnover represents amounts receivable for goods and services at the point when the company has a right to the income, net of VAT. For media projects the right to income normally arises on publication, with the exception of some larger engagements where completion of milestones give rise to income. Concert revenue is recognised on the day of performance.

Tangible fixed assets depreciation policy

All fixed assets are inititally recorded at cost. Cost includes the original purchase price of the asset and the cost attributable to bringing the asset to its current working condition for its intented use. Depreciation is charged so as to write off the cost of tangible assets, less residual value, over the useful economic life of that asset as follows: plant & equipment over 5 years.

2. Tangible assets

3. Called up share capital

Allotted, called up and paid