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REGISTERED NUMBER: 06599170 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

A & R Precision Limited

A & R Precision Limited (Registered number: 06599170)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

A & R Precision Limited

Company Information
for the Year Ended 31 May 2014







DIRECTOR: D Lynam





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
Warwickshire
CV3 1JN





REGISTERED NUMBER: 06599170 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
West Midlands
CV3 1JN

A & R Precision Limited (Registered number: 06599170)

Abbreviated Balance Sheet
31 May 2014

31.5.14 31.5.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 73,478 61,237

CURRENT ASSETS
Stocks 102,000 86,000
Debtors 33,484 19,128
Cash at bank 172 185
135,656 105,313
CREDITORS
Amounts falling due within one year 3 138,482 113,972
NET CURRENT LIABILITIES (2,826 ) (8,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,652

52,578

CREDITORS
Amounts falling due after more than one
year

3

(34,983
)
(9,568
)

PROVISIONS FOR LIABILITIES (8,670 ) (9,923 )
NET ASSETS 26,999 33,087

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 26,899 32,987
SHAREHOLDERS' FUNDS 26,999 33,087

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

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

A & R Precision Limited (Registered number: 06599170)

Abbreviated Balance Sheet - continued
31 May 2014


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 18 February 2015 and were signed by:





D Lynam - Director


A & R Precision Limited (Registered number: 06599170)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2014

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.

Improvements to property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in
periods different from those in which they are included in the company's accounts. Deferred taxation is provided
in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average
tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

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.

Sale and leaseback transactions
During the year, the company entered into a number of sale and leaseback transactions in respect of the
company's plant and machinery. The result of these transactions was that the company retained the existing assets
whilst using the assets as security against loans received. The substance of the transaction is that of a secured
loan, with all of the obligations due under the terms of the agreements reflected as liabilities due under hire
purchase contracts.

A & R Precision Limited (Registered number: 06599170)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013 116,455
Additions 25,000
At 31 May 2014 141,455
DEPRECIATION
At 1 June 2013 55,218
Charge for year 12,759
At 31 May 2014 67,977
NET BOOK VALUE
At 31 May 2014 73,478
At 31 May 2013 61,237

3. CREDITORS

Creditors include an amount of £ 70,042 (31.5.13 - £ 11,417 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.14 31.5.13
value: £    £   
100 Ordinary £1 100 100