Abbreviated Company Accounts - CMJ MARKETING LIMITED

1Accounting Policies

Tangible assets depreciation policy
Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or
valuation less estimated residual value of each asset over its estimated useful life. The principal
rates in use are:
Motor vehicles 25% reducing balance
Equipment, fixtures and fittings 25% reducing balance
Computer equipment 33% straight line

Other accounting policies
Deferred taxation
Deferred tax is provided in respect of the tax effect of all timing differences that have originated but
not reversed at the balance sheet date.
A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on a non discounted basis, at the average tax rates that are expected to
apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.