2Accounting 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 amounts receivable for services and trade discounts.
Revenue from contracts tbr the provision of professional services is recognised by reference to the
stage of completion when the stage of completion, costs incurred and costs to complete can be
estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in
relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the
outcome cannot be estimated reliab y, revenue is recognised only to the extent of the expenses
recognised that it is probable will be recovered.

Tangible assets depreciation policy
Tangible fixed assets are initially measured at cost and subsequently measured at COSI or valuation,
net cf depreciation and any impairment losses.
Depreciation is recognised so as to write Off the cost or valuation Of assets less their residual values
over their useful lives on the following bases
Fixtures, fittings and equipment, 33% Straight Line and 15% Reducing Balance
'lhe gain or Loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Other accounting policies
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is
initially recognised at cost. which includes the purchase cost and any directly attributable
expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair
value are recognised in profit or loss

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months Or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities

Retirement benefits
Payments to defined contribution retirement benefit schemes charged as an expense as they fall
due

Judgements and key Sources of estimation uncertainty
In the application Of the companies accounting policies, the director is required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period or the revision and future periods where the revision affects both current and future periods