Abbreviated Company Accounts - INAPUB LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 50% straight line

Intangible assets amortisation policy
Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight line method. If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations. The intangible assets are amortised over the following useful economic lives:
Development costs - 10 years

Other accounting policies
Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.

Going concern
The director have reviewed the latest forecasts and cash flow projections for the company and have formed the view that, as at the date of approving the financial statements, that there is a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing the accounts.