Abbreviated Company Accounts - ADVENTUREOVERLAND UK 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 2008).

Turnover policy
Turnover represents the amount receivable, exclusive of Value Added Tax, in respect of the activities detailed in the Directors' Report, all of which are continuing.

Tangible assets depreciation policy
Tangible Fixed Assets are stated at cost less depreciation.
Depreciation has been provided at the following annual rates in order to write off the cost of each asset over it's estimated useful life:
Computers - 33% Reducing balance basis
Equipment - 25% Reducing balance basis

Other accounting policies
Foreign Currencies;
Trading account transactions in foreign currencies are translated into sterling at the exchange rate in operation at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated into sterling at the rates on the Balance Sheet date. Exchange differences are taken into account in arriving at the operating profit.