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REGISTERED NUMBER: 01732809 (England and Wales)





















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

CERAMIC DRYING SYSTEMS LIMITED

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CERAMIC DRYING SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2016







DIRECTORS: T P Dunne
C T Johnson
A J Hall
N Harrison
S Birch
C S J Buckley
L G Dunne
D Taylor
D G Walters





SECRETARY: Mrs G N Dunne





REGISTERED OFFICE: Cinderhill Trading Estate
Weston Coyney Road
Longton
Stoke on Trent
Staffordshire
ST3 5JU





REGISTERED NUMBER: 01732809 (England and Wales)





ACCOUNTANTS: Barringtons Limited
Chartered Accountants
570-572 Etruria
Road, Basford
Newcastle
Staffordshire
ST5 0SU

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

ABBREVIATED BALANCE SHEET
30 APRIL 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 100,803 81,667
Investments 3 30,045 30,045
130,848 111,712

CURRENT ASSETS
Stocks 891,478 291,461
Debtors 2,020,962 1,676,555
Cash at bank and in hand 2,252,548 718,092
5,164,988 2,686,108
CREDITORS
Amounts falling due within one year 4 4,536,607 2,092,549
NET CURRENT ASSETS 628,381 593,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,229

705,271

CREDITORS
Amounts falling due after more than one
year

4

(6,149

)

-

PROVISIONS FOR LIABILITIES (20,161 ) (16,333 )
NET ASSETS 732,919 688,938

CAPITAL AND RESERVES
Called up share capital 5 29,700 29,700
Capital redemption reserve 30,300 30,300
Profit and loss account 672,919 628,938
SHAREHOLDERS' FUNDS 732,919 688,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

ABBREVIATED BALANCE SHEET - continued
30 APRIL 2016


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 Board of Directors on 4 January 2017 and were signed on its behalf by:





T P Dunne - Director


CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Plant and machinery - 10% on cost
Motor vehicles - 20% on cost
Office equipment and computers - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 187,650
Additions 38,643
Disposals (5,002 )
At 30 April 2016 221,291
DEPRECIATION
At 1 May 2015 105,983
Charge for year 18,807
Eliminated on disposal (4,302 )
At 30 April 2016 120,488
NET BOOK VALUE
At 30 April 2016 100,803
At 30 April 2015 81,667

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 May 2015
and 30 April 2016 30,045
NET BOOK VALUE
At 30 April 2016 30,045
At 30 April 2015 30,045

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kilns and Furnaces Limited
Nature of business:
%
Class of shares: holding
Ordinary 100.00
2016 2015
£    £   
Aggregate capital and reserves (45,713 ) (36,323 )
Loss for the year (9,390 ) (49,857 )

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2016

3. FIXED ASSET INVESTMENTS - continued

I M Power Developments Limited
Nature of business: Civil engineering projects
%
Class of shares: holding
Ordinary 6.64
2016 31.5.14
£    £   
Aggregate capital and reserves - 216,975
Loss for the year - (145,281 )

4. CREDITORS

Creditors include an amount of £ 34,755 (2015 - £ 22,940 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
24,900 Ordinary A £1 24,900 24,900
2,400 Ordinary B £1 2,400 2,400
2,400 Ordinary C £1 2,400 2,400
29,700 29,700

6. ULTIMATE PARENT COMPANY

Fox Hollow Investments Limited is regarded by the directors as being the company's ultimate parent company.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and
30 April 2015:

2016 2015
£    £   
T P Dunne
Balance outstanding at start of year 1,029 682
Amounts advanced 78 347
Amounts repaid (1,107 ) -
Balance outstanding at end of year - 1,029

C T Johnson
Balance outstanding at start of year 28 28
Amounts advanced 6,602 -
Amounts repaid (8,000 ) -
Balance outstanding at end of year (1,370 ) 28

8. ULTIMATE CONTROLLING PARTY

The controlling party is Fox Hollow Investments Limited.

The ultimate controlling party is T P Dunne.