Abbreviated Company Accounts - SENTENIAL LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law, which have been applied consistently.

Turnover policy
Turnover represents amounts receivable for goods and services delivered net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 33.33% straight line

Valuation information and policy
The financial statements are prepared under the historical cost convention. The currency used in these financial statements is the Euro denoted by the symbol €.

Other accounting policies
TAXATION

Current tax is expected tax payable on the taxable income for the year, using tax rates enacted or substantially enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.


FOREIGN CURRENCY

Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated to Euro at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the profit and loss account.


OPERATING LEASES

Operating lease payments are charged to the profit and loss account as incurred.