Abbreviated Company Accounts - AMTAE 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 amounts receivable from car parking revenue.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold - No depreciation is provided on freehold land
Fixtures, fittings & equipment 20% straight line

Other accounting policies
Compliance with accounting standards: The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted accounting Practice), which have been applied consistently (except as otherwise stated).

Deferred taxation: Deferred tax 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.

Government grants: Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Where grants relate to land, which is not depreciated, they are released to profit and loss account on disposal of the land. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Creditors: amounts falling due within one year: The aggregate amount of creditors for which security has been given amounted to £- (2014 - £24,406).