Abbreviated Company Accounts - BEARSDEN FOOT CLINIC 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 represents invoiced sales of goods and services.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less estimated residual value.

Improvement to property 15% on reducing balance
Plant and machinery 15% on reducing balance
Fixtures and fittings 15% on reducing balance
Computer equipment 33% on cost

Other accounting policies
Current tax
Current tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or loss that has been recognised directly in the statement of total recognised gains or losses. In this case, tax is recognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recovered using rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Financial instruments
Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.