GRD PRECISION LIMITED - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04770503 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2015

FOR

GRD PRECISION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R DAWRANT

MRS J DAWRANT

SECRETARY:

R DAWRANT

REGISTERED OFFICE:

JUBILEE HOUSE

CLIFFE ROAD

BRIGHOUSE

WEST YORKSHIRE

HD6 1HE

REGISTERED NUMBER:

04770503 (England and Wales)

ACCOUNTANTS:

BD SMITH AND CO LIMITED

25 BONEGATE ROAD

BRIGHOUSE

West Yorkshire

HD6 1TQ

FIXED ASSETS

Tangible assets

2

144,225

146,383

CURRENT ASSETS

Stocks

148,000

158,000

Debtors

324,895

402,128

Cash at bank

840,805

627,714

1,313,700

1,187,842

CREDITORS

Amounts falling due within one year

307,548

324,865

NET CURRENT ASSETS

1,006,152

862,977

TOTAL ASSETS LESS CURRENT LIABILITIES

1,150,377

1,009,360

CREDITORS

Amounts falling due after more than one year

-

(7,040

)

PROVISIONS FOR LIABILITIES

(27,800

)

(30,800

)

NET ASSETS

1,122,577

971,520

CAPITAL AND RESERVES

Called up share capital

3

500

500

Capital redemption reserve

500

500

Profit and loss account

1,121,577

970,520

SHAREHOLDERS' FUNDS

1,122,577

971,520

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 21st March 2016 and were signed on its behalf by:

R DAWRANT - Director

MRS J DAWRANT - 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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

435,972

Additions

36,769

At 30th September 2015

472,741

DEPRECIATION

At 1st October 2014

289,589

Charge for year

38,927

At 30th September 2015

328,516

NET BOOK VALUE

At 30th September 2015

144,225

At 30th September 2014

146,383

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

500

ORDINARY

£1

500

500