Abbreviated Company Accounts - HENDRY STRATEGIC CONSULTING LIMITED

1Accounting 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred Income and included as part of creditors due within one year

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33.33% on cost

Other accounting policies
The company was under the control of Mrs S Hendry throughout the year. Mrs S Hendry is the managing director and majority shareholder.

At the balance sheet date the company owed amount of £17,593 (2012: £12,816), included in creditors payable within one year, to the company directors . The amount is interest free and not repayable in preference to other creditors.

During the year the company directors received the following dividends:

Mrs S Hendry £41,335 (2012: £nil)
Mr C Hendry £nil (2012: £nil)