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REGISTERED NUMBER: 01183684 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

SIME FOUNDRY LIMITED

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SIME FOUNDRY LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2017







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)

ABRIDGED BALANCE SHEET
31 August 2017

2017 2016
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,257 89,852

CURRENT ASSETS
Stocks 62,608 60,463
Debtors 439,914 266,443
Cash at bank and in hand 28,124 5,494
530,646 332,400
CREDITORS
Amounts falling due within one year 530,644 305,786
NET CURRENT ASSETS 2 26,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,259

116,466

CREDITORS
Amounts falling due after more than one year (2,557 ) (8,694 )

PROVISIONS FOR LIABILITIES (15,123 ) (16,594 )
NET ASSETS 63,579 91,178

CAPITAL AND RESERVES
Called up share capital 5 200 200
Retained earnings 6 63,379 90,978
SHAREHOLDERS' FUNDS 63,579 91,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 November 2017 and were signed by:




Ms B J Fairbanks - Director


SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Sime Foundry Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or
substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 .

SIME FOUNDRY LIMITED (REGISTERED NUMBER: 01183684)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2016 475,910
Additions 5,750
At 31 August 2017 481,660
DEPRECIATION
At 1 September 2016 386,058
Charge for year 14,345
At 31 August 2017 400,403
NET BOOK VALUE
At 31 August 2017 81,257
At 31 August 2016 89,852

5. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: as restated
£    £   
100 Ordinary £1 100 100
100 Preference £1 100 100
200 200

6. RESERVES
Retained
earnings
£   

At 1 September 2016 90,978
Prior year adjustment 105,027
196,005
Deficit for the year (77,626 )
Dividends (55,000 )
At 31 August 2017 63,379