REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2012 |
FOR |
SIME FOUNDRY LIMITED |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2012 |
FOR |
SIME FOUNDRY LIMITED |
SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 August 2012 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Chartered Accountants' Report | 5 |
SIME FOUNDRY LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 August 2012 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684) |
ABBREVIATED BALANCE SHEET |
31 August 2012 |
2012 | 2011 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 August 2012 |
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 April 2008). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Improvements to property | - |
Plant & machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 2011 |
Additions |
Disposals | ( |
) |
At 31 August 2012 |
DEPRECIATION |
At 1 September 2011 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2012 |
NET BOOK VALUE |
At 31 August 2012 |
At 31 August 2011 |
SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 August 2012 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2012 | 2011 |
value: | £ | £ |
Ordinary | £1 |
Preference | £1 |
200 | 200 |
4. | TRANSACTIONS WITH DIRECTORS |
The following loan to directors subsisted during the years ended 31 August 2012 and 31 August 2011: |
2012 | 2011 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year | ( |
) |
5. | CONTROL RELATIONSHIP |
The company was controlled throughout the current and previous period by its directors, Mr I.D.Bissell and Mrs |
G.L.Carswell, by virtue of the fact that between them they own all of the company's ordinary share capital. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SIME FOUNDRY LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Sime Foundry Limited for the year ended 31 August 2012 which comprise the Profit and Loss Account, the Balance |
Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical |
and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Sime Foundry Limited, as a body, in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sime Foundry Limited and |
state those matters that we have agreed to state to the Board of Directors of Sime Foundry Limited, as a body, in this report in |
accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume |
responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Sime Foundry Limited has kept adequate accounting records and to prepare statutory financial |
statements that give a true and fair view of the assets, liabilities, financial position and profit of Sime Foundry Limited. You consider |
that Sime Foundry Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Sime Foundry Limited. For this reason, |
we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us |
and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
30 May 2013 |