1. Accounting policies

Basis of measurement and preparation of accounts

The accounts have been prepared under the historic cost convention and in accordance with the Financial Reporting Standards for Smaller Entities

Turnover policy

Turnover represents the net amount of invoices to customers less credit notes,including VAT

Tangible fixed assets depreciation policy

Depreciation is provided for on tangible fixed assets in use at rates calculated to writr off the cost of each asset over its expected useful life as follows Fixtures fixtures,furniture and office equipment 15% Reducing Balance

Valuation information and policy

Stocks are valued at the lower of cost and net realisable value , after making due allowance for obsolete and slow moving items

Other accounting policies

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more,or less tax at a future date,at the average tax rates that are expected to apply when the timing differences reverse,based on current tax rates and laws Assets being purchased under finance lease and hire purchase contracts are capitalised and depreciated over their estimated useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments

5. Tangible assets

7. Debtors

There are no secured debtors

8. Creditors: amounts falling due within one year

There are no secured creditors

10. Called up share capital

Allotted, called up and paid