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 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

EXPRESS CONTRACT DRYING LTD

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

EXPRESS CONTRACT DRYING LTD

Balance sheet

As at 30 April 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 1,688 11,813
Tangible assets: 4 2,756,887 3,059,541
Investments:   0 0
Total fixed assets: 2,758,575 3,071,354
Current assets
Stocks: 348,769 298,769
Debtors:   1,230,864 1,406,619
Cash at bank and in hand: 1,458,506 1,368,794
Investments:   0 0
Total current assets: 3,038,139 3,074,182
Creditors: amounts falling due within one year: 5 (808,381) (867,460)
Net current assets (liabilities): 2,229,758 2,206,722
Total assets less current liabilities: 4,988,333 5,278,076
Creditors: amounts falling due after more than one year: 6 (246,720) (409,782)
Provision for liabilities: (237,859) (287,380)
Total net assets (liabilities): 4,503,754 4,580,914
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: 4,483,754 4,560,914
Shareholders funds: 4,503,754 4,580,914

The notes form part of these financial statements

EXPRESS CONTRACT DRYING LTD

Balance sheet statements

For the year ending 30 April 2020 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 31 August 2020
and signed on behalf of the board by:

Name: D 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 2020

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 2020

2. Employees

2020 2019
Average number of employees during the period 70 70

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Intangible Assets

Total
Cost £
At 01 May 2019 202,500
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 April 2020 202,500
Amortisation
At 01 May 2019 190,687
Charge for year 10,125
On disposals 0
Other adjustments 0
At 30 April 2020 200,812
Net book value
At 30 April 2020 1,688
At 30 April 2019 11,813

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2020

4. Tangible Assets

Total
Cost £
At 01 May 2019 6,771,766
Additions 6,101
Disposals 0
Revaluations 0
Transfers 0
At 30 April 2020 6,777,867
Depreciation
At 01 May 2019 3,712,225
Charge for year 308,755
On disposals 0
Other adjustments 0
At 30 April 2020 4,020,980
Net book value
At 30 April 2020 2,756,887
At 30 April 2019 3,059,541

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2020

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £60360Obligations under finance lease andhire purchase contracts 18993Trade creditors 384897Taxation and social security costs 279732Other creditors 64399Total 808381

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2020

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

Bank loans £145334Obligations under finance leaseand hire purchase contracts -Trade creditors 84084Other creditors 17302Total 246720