Abbreviated Company Accounts - SD PRECISION GROUP LIMITED

04256129 SD PRECISION GROUP LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04256129 2015-04-01 2016-03-31 04256129 2016-03-31 04256129 2015-03-31 04256129 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04256129 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2015-03-31 iso4217:GBP shares

Registered Number 04256129

SD PRECISION GROUP LIMITED

Abbreviated Accounts

31 March 2016

SD PRECISION GROUP LIMITED Registered Number 04256129

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	248,279	255,511
		248,280	255,512
Current assets
Stocks		2,000	2,000
Debtors		285,924	251,839
Cash at bank and in hand		79,211	137,029
		367,135	390,868
Creditors: amounts falling due within one year		(238,099)	(219,837)
Net current assets (liabilities)		129,036	171,031
Total assets less current liabilities		377,316	426,543
Creditors: amounts falling due after more than one year		(9,454)	(18,559)
Provisions for liabilities		(45,073)	(45,499)
Total net assets (liabilities)		322,789	362,485
Capital and reserves
Called up share capital	4	400	300
Share premium account		77,617	77,617
Profit and loss account		244,772	284,568
Shareholders' funds		322,789	362,485

For the year ending 31 March 2016 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 11 October 2016

And signed on their behalf by:
S Burton, Director
S Discombe, Director

SD PRECISION GROUP LIMITED Registered Number 04256129

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% reducing-balance
Fixtures, fittings and equipment - 25% reducing-balance
Motor vehicles - 25% reducing-balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

2Intangible fixed assets

	£
Cost
At 1 April 2015	600,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	600,000
Amortisation
At 1 April 2015	599,999
Charge for the year	-
On disposals	-
At 31 March 2016	599,999
Net book values
At 31 March 2016	1
At 31 March 2015	1

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 7 years.

3Tangible fixed assets

	£
Cost
At 1 April 2015	685,525
Additions	42,826
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	728,351
Depreciation
At 1 April 2015	430,014
Charge for the year	50,058
On disposals	-
At 31 March 2016	480,072
Net book values
At 31 March 2016	248,279
At 31 March 2015	255,511

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary A shares of £1 each	100	100
100 Ordinary B shares of £1 each	100	100
100 Ordinary C shares of £1 each	100	100
100 Ordinary D shares of £1 each (0 shares for 2015)	100	0