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INDUSTRIAL CALIBRATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2012






INDUSTRIAL CALIBRATION LIMITED (REGISTERED NUMBER: 02257654)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MAY 2012










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

INDUSTRIAL CALIBRATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2012







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 2012

31/5/12 31/5/11
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 69,836 84,273

CURRENT ASSETS
Stocks 25,193 28,299
Debtors 183,314 162,514
Cash at bank 33,253 69,000
241,760 259,813
CREDITORS
Amounts falling due within one year 100,719 112,834
NET CURRENT ASSETS 141,041 146,979
TOTAL ASSETS LESS CURRENT
LIABILITIES 210,877 231,252

PROVISIONS FOR LIABILITIES 10,031 11,273
NET ASSETS 200,846 219,979

CAPITAL AND RESERVES
Called up share capital 3 200 200
Profit and loss account 200,646 219,779
SHAREHOLDERS' FUNDS 200,846 219,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2012 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 27th February 2013 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 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
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 2012


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st June 2011 421,414
Disposals (7,035 )
At 31st May 2012 414,379
DEPRECIATION
At 1st June 2011 337,141
Charge for year 13,498
Eliminated on disposal (6,096 )
At 31st May 2012 344,543
NET BOOK VALUE
At 31st May 2012 69,836
At 31st May 2011 84,273

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/12 31/5/11
value: £    £   
200 Ordinary £1 200 200

4. RELATED PARTY DISCLOSURES

During the year, total dividends of £28,500 were paid to the directors .

Rent was paid to the Industrial Calibration Pension SSAS in respect of the premises occupied by the company in
the year amounting to £52,000 (2011 - £52,000). The rent is considered to be at a market rent.

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.