Abbreviated Company Accounts - UKMENTORS LTD

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated financial statements have been extracted,
have been prepared under the historical cost convention unless otherwise specified within these
accounting policies and in accordance with applicable accounting standards and the Companies Act
2006.
Information on the impact of first-time adoption of FRS 102 is given in note 7.
The preparation of financial statements in compliance with FRS 102 requires the use of certain
critical accounting estimates. It also requires management to exercise judgment in applying the
Company's accounting policies.
The following principal accounting policies have been applied:

Turnover policy
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:
 the amount of revenue can be measured reliably;
 it is probable that the Company will receive the consideration due under the contract;
 the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
 the costs incurred and the costs to complete the contract can be measured reliably.

Tangible assets depreciation policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable of
operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Office equipment - 25% reducing balance method
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of comprehensive income.

Other accounting policies
First time adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102.