the reductions were very small; at 29.4 per cent in the current financial year compared to 30.7 per cent in its predecessor and 31.4 per cent in the financial year ending 31 March 2017. Indirect costs increased by just over half a million pounds or almost 9
per cent. The largest component of this increase was in distribution costs, up by just over £400,000 or 19 per cent. Administrative expenses rose by £98,000 or 2.8 per cent. As a result, the company’s operating profit fell from £1.88 million in the preceding financial period to £1.59 in the period under review, a reduction of almost 16 per cent. After accounting for interest and similar charges payable, the company’s profits before tax fell by £317,000 or nearly 19 per cent.
A. One Feed Supplements Ltd This company reported its results for the financial year ending 31 May 2018 on 5 March 2019. The company’s business is described as the manufacture of prepared feeds for farm animals. At £25.76 million, the company reported annual sales that were
£4.29 million or 21.3 per cent ahead of the previous financial year. After, deducting cost of sales, Gross Profit, at £2.82 million, was approximately £230,000 ahead of the company’s previous financial year, an increase of 8.9 per cent. The company made no distinction between distribution and
administrative costs in its 2018 report and these rose by £332,000 or almost 14 per cent. Largely as a result, the company’s operating profit fell from £209,000 in its 2017 accounting year to £108,000 in 2018. When interest and similar charges are included, the company reported pre-tax profits of just £14,914, compared to £118,437 the year before.
E.C.O.TRACE®
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Digital Moisture Sensors for Animal Feed
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