Abbreviated Company Accounts - INSPIRED SEARCH & SELECTION LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008. The financial statements have been prepared on the basis of a going concern.

Turnover policy
Turnover includes fees invoiced, excluding VAT, on the candidate's acceptance of the role offered.

Tangible assets depreciation policy
Tangible fixed assets are stated at historical cost. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their useful economic lives: computer and office equipment over three years; fixtures and fittings over four years.

Intangible assets amortisation policy
Intangible fixed assets are stated at historical cost. Amortisation is provided to write off the cost, less any impairment of value, by equal instalments over a period of twenty years.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date.