03259096 1.4.14 31.3.15 31.3.15 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure032590962014-03-31032590962015-03-31032590962014-04-012015-03-31032590962013-03-31032590962013-04-012014-03-31032590962014-03-3103259096ns12:England2014-04-012015-03-3103259096ns14:PoundSterling2014-04-012015-03-3103259096ns7:Director12014-04-012015-03-3103259096ns7:OrdinaryShareClass12014-04-012015-03-3103259096ns7:CompanySecretary2014-04-012015-03-3103259096ns7:RegisteredOffice2014-04-012015-03-3103259096ns7:EntityAccountantsOrAuditors2014-04-012015-03-3103259096ns5:LandBuildings2014-04-012015-03-3103259096ns5:PlantMachinery2014-04-012015-03-3103259096ns7:OrdinaryShareClass12015-03-3103259096ns7:OrdinaryShareClass12014-03-31
REGISTERED NUMBER: 03259096 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Colmet Precision Limited

Colmet Precision Limited (Registered number: 03259096)

Contents of the Abbreviated Accounts
for the year ended 31 March 2015










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 2015







DIRECTOR: C C Ball





SECRETARY: C P Ball





REGISTERED OFFICE: Unit 3, Madingley Court
Chippenham Drive
Kingston
Milton Keynes
Buckinghamshire
MK10 0BZ





REGISTERED NUMBER: 03259096 (England and Wales)





ACCOUNTANTS: Ashbys Chartered Accountants
Morton House
9 Beacon Court
Pitstone Green Business Park
Pitstone
LU7 9GY

Colmet Precision Limited (Registered number: 03259096)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 605,165 56,295

CURRENT ASSETS
Stocks 4,486 5,014
Debtors 159,668 130,086
Cash at bank 5,005 42,246
169,159 177,346
CREDITORS
Amounts falling due within one year 3 259,333 101,364
NET CURRENT (LIABILITIES)/ASSETS (90,174 ) 75,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,991

132,277

CREDITORS
Amounts falling due after more than one
year

3

(469,492
)
(367
)

PROVISIONS FOR LIABILITIES (12,896 ) (9,555 )
NET ASSETS 32,603 122,355

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 32,503 122,255
SHAREHOLDERS' FUNDS 32,603 122,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 2015


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 6 November 2015 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 2015


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 2014 395,664
Additions 630,146
Disposals (93,578 )
At 31 March 2015 932,232
DEPRECIATION
At 1 April 2014 339,369
Charge for year 76,374
Eliminated on disposal (88,676 )
At 31 March 2015 327,067
NET BOOK VALUE
At 31 March 2015 605,165
At 31 March 2014 56,295

Colmet Precision Limited (Registered number: 03259096)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2015


3. CREDITORS

Creditors include an amount of £ 531,663 (2014 - £ 4,767 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100