Abbreviated Company Accounts - 3103 HUMAN RESOURCES LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

At 31 March 2013, the company had net current liabilities of £25,124 (2013 - £39,855). The director has considered the ability of the company to meet its liabilities as they fall due, and has concluded that with her continued support, it is appropriate to prepare the accounts on the going concern basis.

Turnover policy
The turnover shown in th profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each assets over its estimated useful life.

Plant and machinery - 25% on reducing balance
Office and Computer Equipment - 33% on cost

Other accounting policies
Financial instruments

Financial instruments are classified according to the substance of the contractual arrangements, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.