IRIS Accounts Production v17.3.1.106 01732809 Board of Directors 1.5.16 30.4.17 30.4.17 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure017328092016-04-30017328092017-04-30017328092016-05-012017-04-30017328092015-04-30017328092015-05-012016-04-30017328092016-04-3001732809ns15:EnglandWales2016-05-012017-04-3001732809ns14:PoundSterling2016-05-012017-04-3001732809ns10:Director12016-05-012017-04-3001732809ns10:PrivateLimitedCompanyLtd2016-05-012017-04-3001732809ns10:SmallEntities2016-05-012017-04-3001732809ns10:AuditExempt-NoAccountantsReport2016-05-012017-04-3001732809ns10:SmallCompaniesRegimeForDirectorsReport2016-05-012017-04-3001732809ns10:SmallCompaniesRegimeForAccounts2016-05-012017-04-3001732809ns10:FullAccounts2016-05-012017-04-3001732809ns10:Director22016-05-012017-04-3001732809ns10:Director32016-05-012017-04-3001732809ns10:Director42016-05-012017-04-3001732809ns10:Director52016-05-012017-04-3001732809ns10:Director62016-05-012017-04-3001732809ns10:Director72016-05-012017-04-3001732809ns10:Director82016-05-012017-04-3001732809ns10:Director92016-05-012017-04-3001732809ns10:Director102016-05-012017-04-3001732809ns10:CompanySecretary12016-05-012017-04-3001732809ns10:RegisteredOffice2016-05-012017-04-3001732809ns5:CurrentFinancialInstruments2017-04-3001732809ns5:CurrentFinancialInstruments2016-04-3001732809ns5:Non-currentFinancialInstruments2017-04-3001732809ns5:Non-currentFinancialInstruments2016-04-3001732809ns5:ShareCapital2017-04-3001732809ns5:ShareCapital2016-04-3001732809ns5:CapitalRedemptionReserve2017-04-3001732809ns5:CapitalRedemptionReserve2016-04-3001732809ns5:RetainedEarningsAccumulatedLosses2017-04-3001732809ns5:RetainedEarningsAccumulatedLosses2016-04-3001732809ns5:PlantMachinery2016-05-012017-04-3001732809ns5:MotorVehicles2016-05-012017-04-3001732809ns5:ComputerEquipment2016-05-012017-04-3001732809ns5:LandBuildings2016-04-3001732809ns5:PlantMachinery2016-04-3001732809ns5:LandBuildings2016-05-012017-04-3001732809ns5:LandBuildings2017-04-3001732809ns5:PlantMachinery2017-04-3001732809ns5:LandBuildings2016-04-3001732809ns5:PlantMachinery2016-04-3001732809ns5:CostValuation2016-04-3001732809ns5:AdditionsToInvestments2017-04-3001732809ns5:DisposalsRepaymentsInvestments2017-04-3001732809ns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2017-04-3001732809ns5:CostValuation2017-04-3001732809ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-04-3001732809ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-04-3001732809ns5:Secured2017-04-3001732809ns5:Secured2016-04-3001732809ns10:Director222016-04-3001732809ns10:Director222015-04-3001732809ns10:Director222016-05-012017-04-3001732809ns10:Director222015-05-012016-04-3001732809ns10:Director222017-04-3001732809ns10:Director222016-04-30017328093ns10:Director32016-04-30017328093ns10:Director32015-04-30017328093ns10:Director32016-05-012017-04-30017328093ns10:Director32015-05-012016-04-30017328093ns10:Director32017-04-30017328093ns10:Director32016-04-3001732809ns10:Director882016-04-3001732809ns10:Director882015-04-3001732809ns10:Director882016-05-012017-04-3001732809ns10:Director882015-05-012016-04-3001732809ns10:Director882017-04-3001732809ns10:Director882016-04-3001732809ns10:Director772016-04-3001732809ns10:Director772015-04-3001732809ns10:Director772016-05-012017-04-3001732809ns10:Director772015-05-012016-04-3001732809ns10:Director772017-04-3001732809ns10:Director772016-04-3001732809ns10:Director992016-04-3001732809ns10:Director992015-04-3001732809ns10:Director992016-05-012017-04-3001732809ns10:Director992015-05-012016-04-3001732809ns10:Director992017-04-3001732809ns10:Director992016-04-30


REGISTERED NUMBER: 01732809 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

CERAMIC DRYING SYSTEMS LIMITED

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CERAMIC DRYING SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2017







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)

BALANCE SHEET
30 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,010 100,803
Investments 5 25,033 30,045
155,043 130,848

CURRENT ASSETS
Stocks 785,998 891,478
Debtors 6 1,091,519 2,020,962
Cash at bank and in hand 1,564,285 2,252,548
3,441,802 5,164,988
CREDITORS
Amounts falling due within one year 7 2,959,806 4,536,607
NET CURRENT ASSETS 481,996 628,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,039

759,229

CREDITORS
Amounts falling due after more than one
year

8

(3,149

)

(6,149

)

PROVISIONS FOR LIABILITIES (24,701 ) (20,161 )
NET ASSETS 609,189 732,919

CAPITAL AND RESERVES
Called up share capital 29,700 29,700
Capital redemption reserve 30,300 30,300
Retained earnings 549,189 672,919
SHAREHOLDERS' FUNDS 609,189 732,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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)

BALANCE SHEET - continued
30 APRIL 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2017 and were signed on its behalf
by:





T P Dunne - Director


CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

1. STATUTORY INFORMATION

Ceramic Drying Systems Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost
Office equipment and computers - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2016 51,072 170,219 221,291
Additions - 54,179 54,179
At 30 April 2017 51,072 224,398 275,470
DEPRECIATION
At 1 May 2016 51,072 69,416 120,488
Charge for year - 24,972 24,972
At 30 April 2017 51,072 94,388 145,460
NET BOOK VALUE
At 30 April 2017 - 130,010 130,010
At 30 April 2016 - 100,803 100,803

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2016 10,045 20,000 30,045
Additions - 10 10
Disposals (5,022 ) - (5,022 )
Reclassification/transfer (5,023 ) 5,023 -
At 30 April 2017 - 25,033 25,033
NET BOOK VALUE
At 30 April 2017 - 25,033 25,033
At 30 April 2016 10,045 20,000 30,045

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 616,672 1,021,228
Amounts owed by group undertakings 222,941 830,393
Amounts owed by associates 101,998 17,598
Other debtors 149,908 151,743
1,091,519 2,020,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 23,872 25,606
Hire purchase contracts 3,000 3,000
Trade creditors 1,450,591 1,610,137
Amounts owed to associates 45,098 -
Taxation and social security 133,051 96,821
Other creditors 1,304,194 2,801,043
2,959,806 4,536,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts 3,149 6,149

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 23,872 25,606
Hire purchase contracts 6,149 9,149
30,021 34,755

Bank overdrafts are secured by way of a fixed charge over the company's assets.
Hire purchase contracts are secured against the asset to which they relate.

10. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £234,294 (2016: £281,178 ).

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2017 and
30 April 2016:

2017 2016
£    £   
T P Dunne
Balance outstanding at start of year - 1,029
Amounts advanced 3,983 78
Amounts repaid (3,983 ) (1,107 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

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

L G Dunne
Balance outstanding at start of year - -
Amounts advanced 545 -
Amounts repaid (100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 445 -

C S J Buckley
Balance outstanding at start of year - -
Amounts advanced 15,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 -

D Taylor
Balance outstanding at start of year - -
Amounts advanced 15,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 -

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,536 were paid to the directors .

CERAMIC DRYING SYSTEMS LIMITED (REGISTERED NUMBER: 01732809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

12. RELATED PARTY DISCLOSURES - continued

During the year the company entered into transactions with the following companies which are under the control
of T P Dunne, director and ultimate controlling party of this company.







Sales
(including
recharges &
loan write
offs)

Purchases
(including
recharges,
rents & loan
write offs)
Amounts
owed to
Ceramic
Drying
Systems
Limited
Amounts
owed by
Ceramic
Drying
Systems
Limited
Year ended 30 April 2016 £ £ £ £

Dunne-Vickers Limited - - - -
CDS Pension Scheme - 129.087 - -
Kilns & Furnaces Limited 15.727 103,816 70,933 -
SMPA Investments Limited - - 1,214 -
Fox Hollow Investments Limited - - 760,000 -
CDS Intex Limited 2,858,300 - 17,598 -
Heritage Equine Solutions Limited 7,377 - 31,475 -

Year ended 30 April 2017 £ £ £ £

Dunne-Vickers Limited - - - -
CDS Pension Scheme - 97,000 - -
Kilns & Furnaces Limited 42,208 17,954 101,998 -
SMPA Investments Limited - - 1,214 -
Fox Hollow Investments Limited - - 222,941
CDS Intex Limited 1,998,180 1,560 - 45,098
Heritage Equine Solutions Limited 13,551 72,000 30,178 -

13. ULTIMATE CONTROLLING PARTY

The controlling party is T P Dunne.

14. PARENT COMPANY

Ceramic Drying Systems Limited is a subsidiary of Fox Hollow Investments Limited, a company registered in
England and Wales.