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REGISTERED NUMBER: 03259096 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2013

for

Colmet Precision Limited

Colmet Precision Limited (Registered number: 03259096)

Contents of the Abbreviated Accounts
for the year ended 31 March 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Colmet Precision Limited

Company Information
for the year ended 31 March 2013







DIRECTOR: C C Ball





SECRETARY: C P Ball





REGISTERED OFFICE: Unit 15
Upper Wingbury Courtyard
Wingrave
Aylesbury
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 03259096 (England and Wales)





ACCOUNTANTS: Ashby's
Morton House
9 Beacon Court
Pitstone Green Business Park
Pitstone
LU7 9GY

Colmet Precision Limited (Registered number: 03259096)

Abbreviated Balance Sheet
31 March 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 50,242 40,125

CURRENT ASSETS
Stocks 12,600 12,600
Debtors 98,506 112,630
Cash at bank 67,111 38,893
178,217 164,123
CREDITORS
Amounts falling due within one year 3 96,918 96,827
NET CURRENT ASSETS 81,299 67,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,541

107,421

CREDITORS
Amounts falling due after more than one
year

3

(4,767
)
-

PROVISIONS FOR LIABILITIES (7,964 ) (5,077 )
NET ASSETS 118,810 102,344

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 118,710 102,244
SHAREHOLDERS' FUNDS 118,810 102,344

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

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

The director acknowledges his 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.

Colmet Precision Limited (Registered number: 03259096)

Abbreviated Balance Sheet - continued
31 March 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 director on 29 August 2013 and were signed by:





C C Ball - Director


Colmet Precision Limited (Registered number: 03259096)

Notes to the Abbreviated Accounts
for the year ended 31 March 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, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

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.

Land and buildings - 20% on reducing balance
Plant and machinery etc - 20% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2012 375,898
Additions 29,011
Disposals (12,367 )
At 31 March 2013 392,542
DEPRECIATION
At 1 April 2012 335,773
Charge for year 12,562
Eliminated on disposal (6,035 )
At 31 March 2013 342,300
NET BOOK VALUE
At 31 March 2013 50,242
At 31 March 2012 40,125

Colmet Precision Limited (Registered number: 03259096)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2013


3. CREDITORS

Creditors include an amount of £ 9,167 for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary 1 100 100