1. Accounting policies

Basis of measurement and preparation of accounts

All income & Expenditure is recorded by way of Excel Workbooks.

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. PC Equipment - Full cost after 2 years.

Intangible fixed assets amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy

Not Applicable

Other accounting policies

Not Applicable

2. Called up share capital

Allotted, called up and paid

There is only one share holder. Total profit less tax of £376 divided by 1 share.