Abbreviated Company Accounts - MARKETKEY 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings and equipment - 25% straight line

Intangible assets amortisation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Intangible assets - 10% straight line

Other accounting policies
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Intangible assets comprises the domain name which is being written off in equal annual instalments over its life of 10 years.

4Fixed assets Investments
The company holds 100% of the share capital of Marketkey Asia Limited, a company incorporated in Hong Kong. Marketkey Asia Limited is currently a dormant company.