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REGISTERED NUMBER: 01183684 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

SIME FOUNDRY LIMITED

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SIME FOUNDRY LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2016







DIRECTOR: Ms B J Fairbanks





SECRETARY: Ms B J Fairbanks





REGISTERED OFFICE: Stafford Street
Wednesbury
West Midlands
WS10 7JX





REGISTERED NUMBER: 01183684 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

ABBREVIATED BALANCE SHEET
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 89,852 84,113

CURRENT ASSETS
Stocks 60,463 57,151
Debtors 266,443 389,323
Cash at bank and in hand 5,494 3,413
332,400 449,887
CREDITORS
Amounts falling due within one year 305,786 354,954
NET CURRENT ASSETS 26,614 94,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,466

179,046

CREDITORS
Amounts falling due after more than one year (8,694 ) -

PROVISIONS FOR LIABILITIES (16,594 ) (15,144 )
NET ASSETS 91,178 163,902

CAPITAL AND RESERVES
Called up share capital 3 200 200
Profit and loss account 90,978 163,702
SHAREHOLDERS' FUNDS 91,178 163,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 15 November 2016 and were signed by:





Ms B J Fairbanks - Director


SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 453,259
Additions 22,651
At 31 August 2016 475,910
DEPRECIATION
At 1 September 2015 369,146
Charge for year 16,912
At 31 August 2016 386,058
NET BOOK VALUE
At 31 August 2016 89,852
At 31 August 2015 84,113

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 August 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100
100 Preference £1 100 100
200 200

4. CONTROL RELATIONSHIP

The company was controlled throughout the current and previous period by its director Ms B J Fairbanks, by virtue of the
fact that she owns all of the company's ordinary share capital.