Abbreviated Company Accounts - AQUIPA PARTNER LTD

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 total invoice value, excluding VAT, of sales made during the period and derives from the provision of goods and services falling within the company's normal activities.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed fifteen years.

Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into Euros at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transaction and all differences taken to the Profit and Loss Account.