A Dales & Sons (Louth) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04685374 (England and Wales)

A DALES & SONS (LOUTH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

P Dales

SECRETARY:

P Dales

REGISTERED OFFICE:

Skylark House

63 Horncastle Road

Louth

Lincolnshire

LN11 9LH

REGISTERED NUMBER:

04685374 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Oxley House

Lincoln Way

Louth

Lincolnshire

LN11 0LS

BANKERS:

HSBC Bank plc

Cornmarket

Louth

Lincolnshire

LN11 9QB

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

14,737

19,129

14,737

19,129

CURRENT ASSETS

Debtors

6

34,829

26,326

Cash at bank and in hand

105,514

128,989

140,343

155,315

CREDITORS

Amounts falling due within one year

7

10,288

13,095

NET CURRENT ASSETS

130,055

142,220

TOTAL ASSETS LESS CURRENT LIABILITIES

144,792

161,349

PROVISIONS FOR LIABILITIES

2,801

3,635

NET ASSETS

141,991

157,714

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

141,989

157,712

SHAREHOLDERS' FUNDS

141,991

157,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the director and authorised for issue on 18 May 2023 and were signed by:

P Dales - Director

1.	STATUTORY INFORMATION

A Dales & Sons (Louth) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Revenue

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

Goodwill

Goodwill, being the amount paid in connection with acquisition of a business in 2003, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2022

and 5 April 2023

20,000

AMORTISATION

At 6 April 2022

and 5 April 2023

20,000

NET BOOK VALUE

At 5 April 2023

-

At 5 April 2022

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 6 April 2022

and 5 April 2023

11,841

48,729

60,570

DEPRECIATION

At 6 April 2022

7,938

33,503

41,441

Charge for year

585

3,807

4,392

At 5 April 2023

8,523

37,310

45,833

NET BOOK VALUE

At 5 April 2023

3,318

11,419

14,737

At 5 April 2022

3,903

15,226

19,129

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

34,829

26,326

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,865

2,204

Taxation and social security

6,601

9,153

Other creditors

1,822

1,738

10,288

13,095

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2023 and 5 April 2022:

2023

2022

£

£

P Dales

Balance outstanding at start of year

22,290

21,885

Amounts advanced

57,704

51,211

Amounts repaid

(49,412

)

(50,806

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,582

22,290

The Director's loan account is unsecured, includes interest of 2.5% and is repayable on demand.