Abbreviated Company Accounts - BERT HARDY 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 represent rental income for the year on an accrual basis.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Furniture and Equipment reducing balance basis 15%

Other accounting policies
Investment Properties:
No depreciation has been provided in respect if Freehold Land & Buildings. The freehold premises are kept in a high state of repair. In the opinion of the Directors the useful life is considerably extended and accordingly any charge for depreciation would not be material. This represents a departure from Financial Reporting Standard for Smaller Entities (effective April 2008) which requires depreciation to be provided on all fixed assets having finite life. In the opinion of the directors no useful purpose would be served by providing such depreciation.

Deferred Taxation:
Deferred taxation is provided on the liability method on any material short term timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.