Andover Precision Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01359580 (England and Wales)

ANDOVER PRECISION LIMITED

Abbreviated Unaudited Accounts

for the Period 1 April 2015 to 30 September 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Bruch

A Masters

G W Preston

REGISTERED OFFICE:

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

REGISTERED NUMBER:

01359580 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

2

92,872

80,974

CURRENT ASSETS

Stocks

217,889

120,785

Debtors

309,947

192,830

Cash at bank and in hand

1,555

418

529,391

314,033

CREDITORS

Amounts falling due within one year

3

562,433

334,244

NET CURRENT LIABILITIES

(33,042

)

(20,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

59,830

60,763

CREDITORS

Amounts falling due after more than one year

3

988

4,768

NET ASSETS

58,842

55,995

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

58,742

55,895

SHAREHOLDERS' FUNDS

58,842

55,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2015 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 10 December 2015 and were signed on its behalf by:

P J Bruch - 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.

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 cost

Fixtures and fittings

-

10% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

315,720

Additions

21,438

At 30 September 2015

337,158

DEPRECIATION

At 1 April 2015

234,746

Charge for period

9,540

At 30 September 2015

244,286

NET BOOK VALUE

At 30 September 2015

92,872

At 31 March 2015

80,974

3.

CREDITORS

Creditors include an amount of £ 160,527 (2015 - £ 146,924 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted

and

issued:

Number:

Class:

Nominal

2015

2015

value:

£

£

100

Share capital 1

£1

100

100

5.	ULTIMATE PARENT COMPANY

Ti Dos Aerospace Limited is regarded by the directors as being the company's ultimate parent company.