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 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

EXPRESS CONTRACT DRYING LTD

Contents of the Financial Statements

for the Period Ended 30 April 2017

Balance sheet
Notes

EXPRESS CONTRACT DRYING LTD

Balance sheet

As at 30 April 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 32,063 42,188
Tangible assets: 3 3,101,026 2,961,248
Investments:   0 0
Total fixed assets: 3,133,089 3,003,436
Current assets
Stocks: 243,680 102,000
Debtors:   911,863 736,893
Cash at bank and in hand: 1,428,752 1,553,852
Investments:   0 0
Total current assets: 2,584,295 2,392,745
Creditors: amounts falling due within one year: 4 (989,830) (836,202)
Net current assets (liabilities): 1,594,465 1,556,543
Total assets less current liabilities: 4,727,554 4,559,979
Creditors: amounts falling due after more than one year: 5 (660,004) (828,918)
Provision for liabilities: (166,946) (152,260)
Total net assets (liabilities): 3,900,604 3,578,801
Capital and reserves
Called up share capital: 20,000 20,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 3,880,604 3,558,801
Shareholders funds: 3,900,604 3,578,801

The notes form part of these financial statements

EXPRESS CONTRACT DRYING LTD

Balance sheet statements

For the year ending 30 April 2017 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.

This report was approved by the board of directors on 15 January 2018
and signed on behalf of the board by:

Name: D P 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 2017

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 2017

2. Intangible Assets

Total
Cost £
At 01 May 2016 202,500
At 30 April 2017 202,500
Amortisation
At 01 May 2016 160,312
Charge for year 10,125
At 30 April 2017 170,437
Net book value
At 30 April 2017 32,063
At 30 April 2016 42,188

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2017


3. Tangible Assets

Total
Cost £
At 01 May 2016 5,304,692
Additions 632,565
Disposals (26,250)
At 30 April 2017 5,911,007
Depreciation
At 01 May 2016 2,343,444
Charge for year 484,371
On disposals (17,834)
At 30 April 2017 2,809,981
Net book value
At 30 April 2017 3,101,026
At 30 April 2016 2,961,248

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2017

4. Creditors: amounts falling due within one year note

2017 2016Bank loans and overdrafts 80479 66273 Obligations under finance lease and hire purchase contracts 113959 99890Trade creditors 335647 284180Taxation and social security costs 317093 198118Other creditors 142652 187741 ---------- ---------- 989830 836202 ====== ======

EXPRESS CONTRACT DRYING LTD

Notes to the Financial Statements

for the Period Ended 30 April 2017

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

2017 2016Bank loans 455936 828918Obligations under finance lease and hire purchase contracts 204068 ----------- ---------- 660004 828918 ======= ======