Abbreviated Company Accounts - SMART VIDEO & SENSING LTD

1Accounting Policies

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

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period,
exclusive of Value Added Tax.
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the
Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the
useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed
five years. The carrying amount at the date of revision is depreciated over the revised estimate of
remaining useful economic life.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 33% Straight line
Motor Vehicles - 33% Straight line
Equipment - 33% Straight line
Rental Equipment - 67% Straight line
Development - 33% Straight line

Other accounting policies
The company was under the control of Mr Hewitson until 15 July 2015, when he resigned. Mr
Eccleson was appointed on the same date, took over the business and was in control of the
company throughout the remainder of the period. Mr Eccleson is the managing director and
majority shareholder.
No transactions with related parties were undertaken such as are required to be disclosed under
Financial Reporting Standard 8.