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INDUSTRIAL CALIBRATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2013






INDUSTRIAL CALIBRATION LIMITED (REGISTERED NUMBER: 02257654)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MAY 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

INDUSTRIAL CALIBRATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2013







DIRECTORS: C A Beech
B M Beech





SECRETARY: B M Beech





REGISTERED OFFICE: Calibration House
Sunbeam Road
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7BZ





REGISTERED NUMBER: 02257654 (England and Wales)





ACCOUNTANTS: Russells
20 Riverview Way
Kempston
Bedford
Bedfordshire
MK42 7BB

INDUSTRIAL CALIBRATION LIMITED (REGISTERED NUMBER: 02257654)

ABBREVIATED BALANCE SHEET
31ST MAY 2013

31/5/13 31/5/12
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 87,310 69,836

CURRENT ASSETS
Stocks 23,216 25,193
Debtors 222,853 183,314
Cash at bank 14,207 33,253
260,276 241,760
CREDITORS
Amounts falling due within one year 121,506 100,719
NET CURRENT ASSETS 138,770 141,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,080

210,877

CREDITORS
Amounts falling due after more than one
year

(11,646
)
-

PROVISIONS FOR LIABILITIES (14,235 ) (10,031 )
NET ASSETS 200,199 200,846

CAPITAL AND RESERVES
Called up share capital 3 200 200
Profit and loss account 199,999 200,646
SHAREHOLDERS' FUNDS 200,199 200,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

INDUSTRIAL CALIBRATION LIMITED (REGISTERED NUMBER: 02257654)

ABBREVIATED BALANCE SHEET - continued
31ST MAY 2013


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 27th February 2014 and were signed on its behalf
by:





C A Beech - Director


INDUSTRIAL CALIBRATION LIMITED (REGISTERED NUMBER: 02257654)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MAY 2013


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.

Plant and machinery - 10% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

INDUSTRIAL CALIBRATION LIMITED (REGISTERED NUMBER: 02257654)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST MAY 2013


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st June 2012 414,379
Additions 33,793
Disposals (19,282 )
At 31st May 2013 428,890
DEPRECIATION
At 1st June 2012 344,543
Charge for year 15,108
Eliminated on disposal (18,071 )
At 31st May 2013 341,580
NET BOOK VALUE
At 31st May 2013 87,310
At 31st May 2012 69,836

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/13 31/5/12
value: £    £   
200 Ordinary £1 200 200

4. RELATED PARTY DISCLOSURES

Rent was paid to the Industrial Calibration Pension SSAS in respect of the premises occupied by the company in
the year amounting to £59,113 (2012 - £52,000). The rent is considered to be at a market rent.

Dividends were paid to the Directors amounting to £20,000 (2012 - £28,500) during the year.

5. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the financial year by Mr C A Beech, a director, by virtue of his 77.5%
holding in the issued share capital of the company.