Abbreviated Company Accounts - NEW RESULTS TRAINING LTD

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been 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 goods and services supplied by the company, net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases;
Plant & Machinery: 25% Reducing Balance

Intangible assets amortisation policy
Goodwill is amortised to the profit and loss account over its estimated economic life of 3 years.

Other accounting policies
Deferred taxation is as a result of timing differences between the treatment of certain items for taxation and accounting purposes.