1. Accounting policies

Basis of measurement and preparation of accounts

Basis of preparing the financial statements Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to the events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. Accounting convention The financial statements are prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover comprises the invoiced value of services supplied, exclusive of value added tax and arises wholly from the continuing principal activity.

Tangible fixed assets depreciation policy

The cost of fixed assets is to be written off by equal instalments over their expected useful lives as follows: Plant & Machinery - 4 years

Other accounting policies

Deferred tax 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 tax in the future. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax laws enacted or substantially enacted by the balance sheet date.

2. Called up share capital

Allotted, called up and paid