REGISTERED NUMBER: 03259096 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Colmet Precision Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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 Chartered Accountants

Morton House

9 Beacon Court

Pitstone Green Business Park

Pitstone

LU7 9GY

FIXED ASSETS

Tangible assets

2

56,295

50,242

CURRENT ASSETS

Stocks

5,014

12,600

Debtors

130,086

98,506

Cash at bank

42,246

67,111

177,346

178,217

CREDITORS

Amounts falling due within one year

3

101,364

96,918

NET CURRENT ASSETS

75,982

81,299

TOTAL ASSETS LESS CURRENT LIABILITIES

132,277

131,541

CREDITORS

Amounts falling due after more than one year

3

(367

)

(4,767

)

PROVISIONS FOR LIABILITIES

(9,555

)

(7,964

)

NET ASSETS

122,355

118,810

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

122,255

118,710

SHAREHOLDERS' FUNDS

122,355

118,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

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 22 August 2014 and were signed by:

C C Ball - Director

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 2013

392,542

Additions

20,122

Disposals

(17,000

)

At 31 March 2014

395,664

DEPRECIATION

At 1 April 2013

342,300

Charge for year

14,069

Eliminated on disposal

(17,000

)

At 31 March 2014

339,369

NET BOOK VALUE

At 31 March 2014

56,295

At 31 March 2013

50,242

3.

CREDITORS

Creditors include an amount of £ 4,767 (2013 - £ 9,167 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100