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 applicable UK accounting standards.

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the year for goods and services, exclusive of Value Added Tax.

Tangible fixed assets depreciation policy

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: Fixtures, Fittings and Furniture - 25% reducing balance basis Equipment - 25% reducing balance basis

Intangible fixed assets amortisation policy

Intangible fixed assets are amortised at rates calculated to write off assets on a straight line basis over their estimated useful lives, not to exceed twenty years. Impairment of tangible assets is only reviewed where circumstances indicate that carrying value of an asset may not be fully recoverable.

Valuation information and policy

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Rentals paid under operation leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. Intangible assets

4. Tangible assets

5. Called up share capital

Allotted, called up and paid