Abbreviated Company Accounts - EXPRESS CONTRACT DRYING LTD

EXPRESS CONTRACT DRYING LTD - Company Information

03216491 EXPRESS CONTRACT DRYING LTD 2016-04-30 false 2015-05-01 2016-04-30 true 03216491 2015-05-01 2016-04-30 03216491 2016-04-30 03216491 2015-04-30 03216491 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 03216491 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 03216491

EXPRESS CONTRACT DRYING LTD

Abbreviated Accounts

30 April 2016

EXPRESS CONTRACT DRYING LTD Registered Number 03216491

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	42,188	52,313
Tangible assets	3	2,961,248	3,097,037
Investments		-	-
		3,003,436	3,149,350
Current assets
Stocks		102,000	81,000
Debtors		736,893	779,344
Investments		-	-
Cash at bank and in hand		1,553,852	578,077
		2,392,745	1,438,421
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(836,202)	(564,411)
Net current assets (liabilities)		1,556,543	874,010
Total assets less current liabilities		4,559,979	4,023,360
Creditors: amounts falling due after more than one year		(828,918)	(592,437)
Provisions for liabilities		(152,260)	(269,930)
Accruals and deferred income		0	0
Total net assets (liabilities)		3,578,801	3,160,993
Capital and reserves
Called up share capital	4	20,000	20,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		3,558,801	3,140,993
Shareholders' funds		3,578,801	3,160,993

For the year ending 30 April 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 30 November 2016

And signed on their behalf by:
David McDermott, Director

EXPRESS CONTRACT DRYING LTD Registered Number 03216491

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015)

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Intangible assets amortisation policy
Amortisation of goodwill has been provided at fixed rate over 20 years.

2Intangible fixed assets

	£
Cost
At 1 May 2015	202,500
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 April 2016	202,500
Amortisation
At 1 May 2015	150,187
Charge for the year	10,125
On disposals	0
At 30 April 2016	160,312
Net book values
At 30 April 2016	42,188
At 30 April 2015	52,313

3Tangible fixed assets

	£
Cost
At 1 May 2015	5,203,017
Additions	251,675
Disposals	(150,000)
Revaluations	0
Transfers	0
At 30 April 2016	5,304,692
Depreciation
At 1 May 2015	2,105,980
Charge for the year	383,357
On disposals	(145,893)
At 30 April 2016	2,343,444
Net book values
At 30 April 2016	2,961,248
At 30 April 2015	3,097,037

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

	2016 £	2015 £
20,000 Ordinary shares of £1 each	20,000	20,000