Abbreviated Company Accounts - CARTER SHOTT 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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at the rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Computer equipment - 33.33% reducing balance method
Fixtures, fittings and equipment - 15% reducing balance method

Other accounting policies
Pensions:
The pension costs charged in the financial statements represent the contribution payable by the company during the year.


Financial instruments:
Financial instruments are classified and accounted for, according to the substance of contractual arrangement, as either financial assets, financial liabilities or equity instruments, as defined in FRS 25, Financial Instruments: Disclosure and Presentation. An equity instrument is any contract that evidences as residual interest in the assets of the company after deducting all of its liabilities.