Abbreviated Company Accounts - FORTUNE INSURANCE SERVICES LIMITED

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% on cost
Fixtures & Fittings - 25% on cost
Equipment - 25% on cost

Intangible assets amortisation policy
Acquired goodwill is written off in equal installments over its estimated useful economic life.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

4Fixed assets Investments
COST
At 1 April 2013 and 31 March 2014 4,000
==========================

NET BOOK VALUE
At 31 March 2014 and 31 March 2013 4,000
==========================