Abbreviated Company Accounts - JULIUS GREEN 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 the invoiced value of services, excluding Value Added Tax, supplied by the company and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Tangible fixed assets are shown on the balance sheet at historical cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery etc - between 20% and 50% reducing balance or straight line.

Other accounting policies
Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).

Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.