The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The directors have assessed the company's ability to continue as a going concern and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Since the year end, the company has continued to trade profitably, maintain positive cash balances and meet its liabilities as they fall due. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from services is recognised in the period the services are provided.

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives.

No amortisation has been charged in the current year as the development costs relate to assets that are not yet available for use. Amortisation will commence when the assets are brought into use and will be charged over their estimated useful economic lives.