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 the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents net invoiced value of services, excluding value added tax.

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life. Goodwill - 5% Straight Line Basis Property - 1% Straight Line Basis Office Equipment - 10% Reducing Balance Basis Computers, etc - 25% Reducing Balance Basis

Intangible fixed assets amortisation policy

Goodwill is the difference between the amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.

Other accounting policies

WORK IN PROGRESS Work in progress is valued at the lower of cost and net realisable value. DEFERRED TAXATION The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the Balance Sheet date. PENSION COSTS The charge in the financial statements for pension costs represents to actual net amount of contributions made by the employer to the pension schemes.

2. Intangible assets

3. Tangible assets

4. Debtors

5. Creditors: amounts falling due within one year

Of the creditors falling due within and after more than one year the bank loan of £168808 (2012 £178743) is secured.

6. Creditors: amounts falling due after more than one year

Of the creditors falling due within and after more than one year the bank loan of £168808 (2012 £178743) is secured.

7. Called up share capital

Allotted, called up and paid