1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention.

Turnover policy

Turnover represents the total invoice value of services rendered during the year.

Tangible fixed assets depreciation policy

Depreciation is provided using the following rates and bases to reduce by annual installments the cost, less estimated residual value, of the tangible assets over their estimated lives: Office equipment 25% straight line.

Valuation information and policy

Purchased goodwill is written off immediately against reserves. Goodwill which is generated by the activities of the company is not recognised as an asset on the balance sheet and the associated costs are written off to the profit and loss account when they are incurred. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Other accounting policies

Deferred taxation is provided where there is a reasonable probability of the amount becoming payable in the foreseeable future. The directors have taken advantage of the exemption in Financial Reporting Standard No. 1 from including a cash flow statement in the financial statements on the grounds that the company is small.

2. Tangible assets

3. Called up share capital

Allotted, called up and paid