1. Accounting policies

Basis of measurement and preparation of accounts

Accounting convention
The financial statements are prepared under the historical cost convention modified to include the
revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard
for Smaller Entities (effective January 2005).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy

Turnover represents amounts receivable for services provided.

Tangible fixed assets depreciation policy

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation less estimated
residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold Nil Depreciation - the directors consider that, for the foreseeable future, the estimated residual value of the
buildings will not be less than the book value shown in the
accounts and a depreciation rate of 0% is therefore
appropriate.
Plant & machinery 15% Straight line
Fixtures, fittings & equipment 15% Straight line except computers 33.3% straight line.

2. Tangible assets

3. Called up share capital

Allotted, called up and paid