1. Accounting policies

Basis of measurement and preparation of accounts

Basis of accounting The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities(effective 2008)..

Turnover policy

Turnover Turnover represents net invoiced sales of goods, excluding VAT (having regard to the fulfilment of contractural obligations).

Tangible fixed assets depreciation policy

Depreciation is to be provided at the following annual rates in order to write off each asset over its estimated, useful life. Motor Vehicles 25% on reducing balance Equipment 25% on reducing balance

Other accounting policies

Stocks Stocks and work-in-progress are valued at the lower of cost and net realisable 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. Deferred tax Deferred tax is recognised in respect off all timing differences that have originated but not reversed at the Balance Sheet date. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. Debtors

4. Creditors: amounts falling due within one year

5. Called up share capital

Allotted, called up and paid