Abbreviated Company Accounts - MARKET MANAGEMENT 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 January 2015

Turnover policy
Turnover represents amounts receivable for services supplied during the year, excluding value added tax. Commission income is recognised when it becomes payable to the company.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixture & Fittings - 25% on cost
Equipment - 33% on cost

Other accounting policies
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies
Assets and liabilities in foriegn currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foriegn currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating results.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

The aggregate total of debtors falling due after more than one year is £0 (31 March 2015 - £51,940)