Abbreviated Company Accounts - D-GEN 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 represents net invoiced sales of goods, excluding value added tax.

Intangible assets amortisation policy
All intellectual property purchased which is considered capable of commercial exploitation is capitalised. Such costs are amortised over their expected useful lives.
No amortisation is charged on intangible assets which have been capitalised until the commercial exploitation of the assets commences.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Research and development expenditure is written off as incurred except where development expenditure on an individual project is carried forward when its technical feasibility is reasonably established and the commercial viability can be foreseen with reasonable assurance.