Abbreviated Company Accounts - MANAGEREAL 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 repres
ents revenue recognised by the company in respect
of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in
order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued
amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on
cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write
off the assets on a straight basis over their estimated
useful economic lives, no
t to exceed twenty years.
Impairment of intangible assets is only reviewed wh
ere circumstances indicate that the carrying value of an
asset may not be fully recoverable.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate
proportion of fixed and variable overheads

Other accounting policies
Assets obtained under hire purchase contracts or fina
nce leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated ov
er their estimated useful lives. Those held under
finance leases are depreciated over their estimated usef
ul lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.
Rentals paid under operating leases
are charged to the profit and loss acco
unt on a straight line basis over
the period of the lease.
Research and Development Expenditure on research and
development is written off in the year in which it
is incurred.
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxati
on and accounting pur
poses. Deferred taxation is calculated at the rates
of tax that are expected to apply
in the periods when the timing differences will reverse and has not been
discounted