Abbreviated Company Accounts - RED RECRUIT LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention
and include the results of the company's operations as indicated in the
director's report, all of which are continuing.
These accounts have been prepared on a going concern basis in
accordance with applicable United Kingdom Accounting Standards.
The company is a wholly owned subsidiary of RedBuild Ltd from 1st October 2006.

Turnover policy
Turnover represents amounts receivable for services provided in the UK
net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at costs less depreciation.
Depreciation is provide at rates calculated to write-off the cost less estimated
residual value of each asset over its expected useful life at 25% on
a written down basis.

Intangible assets amortisation policy
Represents the value given by Red Recruit Ltd in it's parents major fixed asset. Red
Recruit Ltd provided the deposit funds to its parent company by way of cash funds in the
building from which the Group operates. It has taken a general lien over the business
assets of Red Build Ltd to secure the cash funds. It is intended that this debt be cleared
by way of bank transfers over a number of years.