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REGISTERED NUMBER: 01183684 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015

FOR

SIME FOUNDRY LIMITED

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2015




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 2015







DIRECTOR: Mrs G L Carswell





SECRETARY: Mrs G L Carswell





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 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 84,113 93,416

CURRENT ASSETS
Stocks 57,151 82,018
Debtors 389,323 317,278
Cash at bank and in hand 3,413 14,972
449,887 414,268
CREDITORS
Amounts falling due within one year 354,954 336,237
NET CURRENT ASSETS 94,933 78,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,046

171,447

PROVISIONS FOR LIABILITIES 15,144 16,514
NET ASSETS 163,902 154,933

CAPITAL AND RESERVES
Called up share capital 3 200 200
Profit and loss account 163,702 154,733
SHAREHOLDERS' FUNDS 163,902 154,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 10 February 2016 and were signed by:





Mrs G L Carswell - Director


SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2015

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.

Improvements to property - 5% on cost
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% 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 2014 492,481
Additions 6,721
Disposals (45,943 )
At 31 August 2015 453,259
DEPRECIATION
At 1 September 2014 399,065
Charge for year 16,024
Eliminated on disposal (45,943 )
At 31 August 2015 369,146
NET BOOK VALUE
At 31 August 2015 84,113
At 31 August 2014 93,416

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 August 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
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 Mrs G.L.Carswell, by virtue of the
fact that she owns all of the company's ordinary share capital.