Abbreviated Company Accounts - CHACEBERRY LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted,
have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover policy
Turnover represents amounts chargeable in respect of services to customers.

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

Asset class - Depreciation method and rate
Furniture and fixtures - 10% reducing balance
Office equipment - 10% reducing balance

Other accounting policies
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a
straight line basis over the lease term.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities. Where shares are issued, any component that
creates a financial liability of the company is presented as a liability in the balance sheet.
The corresponding dividends relating to the liability component are charged as interest
expense in the profit and loss account.