Dale Independent Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05160529 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

DALE INDEPENDENT LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G R J Dale

Mrs T L Dale

SECRETARY:

Mrs T L Dale

REGISTERED OFFICE:

16 Lower Mead

Petersfield

Hampshire

GU31 4NR

REGISTERED NUMBER:

05160529 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Tangible assets

4

1,531

2,041

CURRENT ASSETS

Debtors

513

-

Cash at bank

787

4,419

1,300

4,419

CREDITORS

Amounts falling due within one year

7,112

6,378

NET CURRENT LIABILITIES

(5,812

)

(1,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,281

)

82

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

6

(4,283

)

80

SHAREHOLDERS' FUNDS

(4,281

)

82

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 November 2017 and were signed on its behalf by:

G R J Dale - Director

1.	STATUTORY INFORMATION

Dale Independent Ltd 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 etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

5,767

DEPRECIATION

At 1 April 2016

3,726

Charge for year

510

At 31 March 2017

4,236

NET BOOK VALUE

At 31 March 2017

1,531

At 31 March 2016

2,041

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

6.

RESERVES

Retained

earnings

£

At 1 April 2016

80

Deficit for the year

(4,363

)

At 31 March 2017

(4,283

)

7.	ULTIMATE CONTROLLING PARTY

8.	FIRST YEAR ADOPTION

These are the company's first financial statements prepared in accordance with FRS 102, the Financial Reporting Standard

applicable to the UK and Republic of Ireland. Previously they were prepared in accordance with the previous UK GAAP.

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not

impacted on equity or profit and loss.