Cadisch Precision Meshes Limited - Period Ending 2015-12-31

Registration number: 02531531

Cadisch Precision Meshes Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Cadisch Precision Meshes Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cadisch Precision Meshes Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cadisch Precision Meshes Limited for the year ended 31 December 2015 set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional -standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Cadisch Precision Meshes Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Cadisch Precision Meshes Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/ downloads/163.doc . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cadisch Precision Meshes Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cadisch Precision Meshes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cadisch Precision Meshes Limited. You consider that Cadisch Precision Meshes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cadisch Precision Meshes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

NA Associates LLP
Chartered Certified Accountants
Woodgate Studios
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN

28 September 2016

Page 1

Cadisch Precision Meshes Limited
(Registration number: 02531531)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					441,410			336,755
Current assets
Debtors					1,263,959			931,387
Cash at bank and in hand					125,092			31,689
					1,389,051			963,076
Creditors: Amounts falling due within one year					(1,101,106)			(659,874)
Net current assets					287,945			303,202
Total assets less current liabilities					729,355			639,957
Provisions for liabilities					(58,052)			(54,600)
Net assets					671,303			585,357
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					661,303			575,357
Shareholders' funds					671,303			585,357

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 20 September 2016 and signed on its behalf by:

.........................................
S D Cadisch
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cadisch Precision Meshes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Revenue is recognised when goods are despatched.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Motor Vehicle	25% straight line
Fixture and fittings	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Profit and loss account transactions in foreign currencies are translated into british pound sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into british pound sterling at the closing rates at the balance sheet date and the exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund in respect of the year.

Page 3

Cadisch Precision Meshes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		414,622			414,622
Additions		152,351			152,351
Disposals		(12,645)			(12,645)
At 31 December 2015		554,328			554,328
Depreciation
At 1 January 2015		77,867			77,867
Charge for the year		40,583			40,583
Eliminated on disposals		(5,532)			(5,532)
At 31 December 2015		112,918			112,918
Net book value
At 31 December 2015		441,410			441,410
At 31 December 2014		336,755			336,755

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

4

Control

The company is controlled by S D Cadisch, a director of the company. The ultimate controlling party is S D Cadisch.

Page 4