REGISTERED NUMBER: 01183684 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2013

FOR

SIME FOUNDRY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs G L Carswell

I D Bissell

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

FIXED ASSETS

Tangible assets

2

110,156

129,175

CURRENT ASSETS

Stocks

89,811

91,899

Debtors

497,298

462,341

Cash at bank and in hand

18,064

15,576

605,173

569,816

CREDITORS

Amounts falling due within one year

446,801

515,966

NET CURRENT ASSETS

158,372

53,850

TOTAL ASSETS LESS CURRENT LIABILITIES

268,528

183,025

CREDITORS

Amounts falling due after more than one year

(7,497

)

(19,938

)

PROVISIONS FOR LIABILITIES

(19,082

)

(22,006

)

NET ASSETS

241,949

141,081

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

241,749

140,881

SHAREHOLDERS' FUNDS

241,949

141,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 7 February 2014 and were signed on its behalf by:

Mrs G L Carswell - Director

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

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.

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 2012

487,539

Additions

1,683

At 31 August 2013

489,222

DEPRECIATION

At 1 September 2012

358,364

Charge for year

20,702

At 31 August 2013

379,066

NET BOOK VALUE

At 31 August 2013

110,156

At 31 August 2012

129,175

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

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 99% of the company's ordinary share capital.