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 prepared the financial statements on the going concern basis. In assessing the appropriateness of this basis, the directors have considered the company's forecast cash flows, expected future trading performance and available financial resources for a period of at least 12 months from the date of approval of these financial statements. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover comprises amounts receivable from the provision of management consultancy, advisory, training and educational services, net of Value Added Tax. Income is recognised when services have been provided to customers and the amount receivable can be measured reliably.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: