Abbreviated Company Accounts - A Y D 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Plant and machinery 20%
Fixtures, fittings & equipment 15%
Motor vehicles 25%

Other accounting policies
Compliance with accounting standards - The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Investments - Fixed asset investments are stated at cost less provision for diminution in value.
Foreign currency translation – Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Translations in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

3Fixed assets Investments
AYD Limited is the parent company of Arrestyd Limited by virtue of the ownership of 100% of the issued 100 ordinary share capital in the company. AYD Limited disposed of one ordinary share in Heightlist Safety Limited.