Abbreviated Company Accounts - ECHO BARRIER 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
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value
added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
- Plant and machinery - 12.5% Straight Line
- Fixtures, fittings and equipment - 12.5% Straight Line
- Barriers - 18 Month Period/Fixed Depn Rate per Rental
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Other accounting policies
Stock
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal
course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and
slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all
further costs to completion or to be incurred in marketing and selling.
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is
calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in
the future, or a right to pay less tax in the future. Timing differences are temporary differences between the
company's taxable profits and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in
which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the
balance sheet date. Transactions, during the year, which are denominated in foreign currencies are translated at the
rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt with in the profit
and loss account.
Research and development
Research expenditure is written off to the Profit and Loss Account in the year in which it is incurred