EXPRESS CONTRACT DRYING LTD

EXPRESS CONTRACT DRYING LTD

EXPRESS CONTRACT DRYING LTD - Company Information

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EXPRESS CONTRACT DRYING LTD

Company Registration Number:
03216491 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2019

Period of accounts

Start date: 01 May 2018

End date: 30 April 2019

EXPRESS CONTRACT DRYING LTD

Contents of the Financial Statements

for the Period Ended 30 April 2019

Balance sheet
Notes

EXPRESS CONTRACT DRYING LTD

Balance sheet

As at 30 April 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 2 11,813 21,938
Tangible assets: 3 3,059,541 3,154,936
Investments:   0 0
Total fixed assets: 3,071,354 3,176,874
Current assets
Stocks: 298,769 373,680
Debtors: 4 1,406,619 1,000,638
Cash at bank and in hand: 1,368,794 1,537,641
Investments:   0 0
Total current assets: 3,074,182 2,911,959
Creditors: amounts falling due within one year: 5 (867,460) (855,846)
Net current assets (liabilities): 2,206,722 2,056,113
Total assets less current liabilities: 5,278,076 5,232,987
Creditors: amounts falling due after more than one year: 6 (409,782) (579,288)
Provision for liabilities: (287,380) (204,248)
Total net assets (liabilities): 4,580,914 4,449,451
Capital and reserves
Called up share capital: 20,000 20,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 4,560,914 4,429,451
Shareholders funds: 4,580,914 4,449,451

The notes form part of these financial statements

EXPRESS CONTRACT DRYING LTD

Balance sheet statements

For the year ending 30 April 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 November 2019
and signed on behalf of the board by:

Name: David McDermott
Status: Director

The notes form part of these financial statements

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

2. Intangible Assets

Total
Cost £
At 01 May 2018 202,500
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 April 2019 202,500
Amortisation
At 01 May 2018 180,562
Charge for year 10,125
On disposals 0
Other adjustments 0
At 30 April 2019 190,687
Net book value
At 30 April 2019 11,813
At 30 April 2018 21,938

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

3. Tangible Assets

Total
Cost £
At 01 May 2018 6,505,823
Additions 265,943
Disposals 0
Revaluations 0
Transfers 0
At 30 April 2019 6,771,766
Depreciation
At 01 May 2018 3,350,887
Charge for year 361,338
On disposals 0
Other adjustments 0
At 30 April 2019 3,712,225
Net book value
At 30 April 2019 3,059,541
At 30 April 2018 3,154,936

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

5. Creditors: amounts falling due within one year note

2019 2018 Obligations under finance leaseand hire purchase contracts 113708 113959Trade creditors 309502 347944Taxation and social security costs 268674 277620Other creditors 175576 116323Total 867460 855846

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

6. Creditors: amounts falling due after more than one year note

2019 2018Bank loans 295245 361261Obligations under financelease and hire purchasecontracts 114537 218027Total 409782 579288