The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
120 Green Lane Road
,
Leicester
,
GB
,
LE5 3TJ
, United Kingdom.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided to write off the cost of tangible fixed assets, less their estimated residual values, over their estimated useful economic lives, using the following methods and rates:
Fixtures and fittings: straight-line over 5 years
Plant and machinery: 20% reducing balance
Office equipment: 20% reducing balance
Depreciation is charged from the date an asset is available for use. The useful lives, residual values and depreciation methods are reviewed at each financial year end and revised where necessary.
Goodwill and amortisation
Goodwill arising on the acquisition of a business is stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its estimated useful economic life of 10 years. Amortisation is charged from the date of acquisition.