Abbreviated Company Accounts - AAT GLOBAL 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 2015.

Intangible assets amortisation policy
Depreciation is calculated to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Course development costs - 20% per annum, straight line

Other accounting policies
Intangible Assets
Development expenditure relating to intangibles is capitalised as an asset and amortised over its useful economic life only to the extent that the asset created can be separately identified; the costs can be measured reliably; and it is likely that the asset created will generate future economic benefits. Where this is not the case the costs are treated as revenue expenditure and charged to the profit and loss account.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.