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

The turnover shown in the profit and loss account represents revenue recognised by the the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts

Tangible fixed assets depreciation policy

Depreciation is calculated to write off the cost of tangible fixed assets by annual installments over their estimated useful lives based on the net book value of assets owned at the beginning of the year and the cost of assets acquired during the year as follows:- Office Equipment: 25% reducing balance

Valuation information and policy

Stocks and work -in-progress are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

5. Debtors

6. Creditors: amounts falling due within one year

7. Called up share capital

Allotted, called up and paid

Each shares is entitled to one vote in any circumstances. Each shares is entitled pari passu to dividend payments or any other distribution. Each share is entitled pari passu to participate in a distribution arising from a winding up of the company.