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).

Tangible fixed assets depreciation policy

Tangible fixed assets and depreciation Depreciation has been computed to write off the cost less estimated residual value of tangible assets over their expected useful lives using the following rates: Motor vehicle - 25% Reducing balance

Other accounting policies

Work in progress Work in progress is valued at cost. Deferred Taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

3. Tangible assets

4. Creditors: amounts falling due within one year

Creditors

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

Creditors due after one year

8. Called up share capital

Allotted, called up and paid