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REGISTERED NUMBER: 01732809 (England and Wales)





















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2013

FOR

CERAMIC DRYING SYSTEMS LIMITED

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2013




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 2013







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





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 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 53,739 83,912
Investments 3 10,045 10,045
63,784 93,957

CURRENT ASSETS
Stocks 127,060 473,346
Debtors 912,354 730,353
Cash at bank and in hand 340,377 1,186,494
1,379,791 2,390,193
CREDITORS
Amounts falling due within one year 4 824,195 1,968,446
NET CURRENT ASSETS 555,596 421,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,380

515,704

CREDITORS
Amounts falling due after more than one
year

4

-

(2,671
)

PROVISIONS FOR LIABILITIES (18,795 ) (9,318 )
NET ASSETS 600,585 503,715

CAPITAL AND RESERVES
Called up share capital 5 29,700 32,700
Capital redemption reserve 30,300 27,300
Profit and loss account 540,585 443,715
SHAREHOLDERS' FUNDS 600,585 503,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2013 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 2013


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 16 December 2013 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 2013

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 April 2008).

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
Computer equipment - 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 2013

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2012 174,669
Additions 4,226
Disposals (40,727 )
At 30 April 2013 138,168
DEPRECIATION
At 1 May 2012 90,757
Charge for year 8,112
Eliminated on disposal (14,440 )
At 30 April 2013 84,429
NET BOOK VALUE
At 30 April 2013 53,739
At 30 April 2012 83,912

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 May 2012
and 30 April 2013 10,045
NET BOOK VALUE
At 30 April 2013 10,045
At 30 April 2012 10,045

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: Kiln manufacturers
%
Class of shares: holding
Ordinary 90.00
2013 31.12.11
£    £   
Aggregate capital and reserves (1,476 ) (20,592 )
Profit for the year 19,116 11,314

4. CREDITORS

Creditors include an amount of £ 26,958 (2012 - £ 57,607 ) for which security has been given.

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2013

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
3,000 Ordinary £1 - 32,700
(2012 - 32,700 )
24,900 Ordinary A £1 24,900 -
2,400 Ordinary B £1 2,400 -
2,400 Ordinary C £1 2,400 -
29,700 32,700

On 31 July 2012, the company re-purchased 3,000 shares owned by a company director, Mr G Bird, for the sum
of £15,000.

On 23 January 2013, by way of Special Resolution, the Company converted the 29,700 Ordinary Shares in issue
into 24,900 Ordinary A Shares, 2,400 Ordinary B Shares and 2,400 Ordinary C Shares.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2013 and
30 April 2012:

2013 2012
£    £   
G Bird
Balance outstanding at start of year (612 ) (92 )
Amounts advanced 16,212 180
Amounts repaid (15,600 ) (700 )
Balance outstanding at end of year - (612 )

T P Dunne
Balance outstanding at start of year (1,076 ) -
Amounts advanced 3,209 -
Amounts repaid (2,586 ) (1,076 )
Balance outstanding at end of year (453 ) (1,076 )

A Jones
Balance outstanding at start of year 448 -
Amounts advanced 402 13,448
Amounts repaid (850 ) (13,000 )
Balance outstanding at end of year - 448

C T Johnson
Balance outstanding at start of year - -
Amounts advanced 57,028 -
Amounts repaid (57,000 ) -
Balance outstanding at end of year 28 -

7. ULTIMATE CONTROLLING PARTY

The controlling party is Fox Hollow Investments Limited.

The ultimate controlling party is T P Dunne.