Abbreviated Company Accounts - IN EASY STEPS 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
Turnover comprises the invoiced value of goods and services supplied by the company net of value added tax 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 basis:

Office Equipment and Fixtures 25% Reducing Balance

Intangible assets amortisation policy
Intangible fixed assets are stated at cost less amortization.
Amortisation is provided at rates calculated to write off the cost of these Intangible Assets,less their estimated useful lives,over their expected useful lives on the following basis:

Purchased Goodwill 5% Straight Line

Valuation information and policy
Stocks and work in progress are valued at the lower of cost or net realisable value after making due allowance for slow moving or obsolete stocks.Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Foreign Currencies.
Monetary assets and liabilities are translated into sterling at the rates of exchange ruling at the balance sheet date.Transactions in Foreign currencies are translated into sterling at the rate ruling on the date of the transaction.Exchange rate differences are taken into account in arriving at the operating profits.