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Company Registration No. 07915414 (England and Wales)
S Daley & Son Ltd Unaudited accounts for the year ended 31 January 2022
S Daley & Son Ltd Unaudited accounts Contents
Page
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S Daley & Son Ltd Company Information for the year ended 31 January 2022
Director
Mr S Daley
Secretary
Mrs K Reid
Company Number
07915414 (England and Wales)
Registered Office
14c Kings Business Park Kings Drive, Prescot Liverpool Merseyside L34 1PJ
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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S Daley & Son Ltd Accountants' report
Accountants' report to the director of S Daley & Son Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S Daley & Son Ltd for the year ended 31 January 2022 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of S Daley & Son Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of S Daley & Son Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S Daley & Son Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that S Daley & Son Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of S Daley & Son Ltd. You consider that S Daley & Son Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of S Daley & Son Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD 20 May 2022
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S Daley & Son Ltd Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
70,030 
67,528 
Current assets
Inventories
12,540 
182,936 
Debtors
579,040 
141,671 
Cash at bank and in hand
788,904 
712,111 
1,380,484 
1,036,718 
Creditors: amounts falling due within one year
(347,832)
(357,535)
Net current assets
1,032,652 
679,183 
Total assets less current liabilities
1,102,682 
746,711 
Creditors: amounts falling due after more than one year
- 
(16,605)
Provisions for liabilities
Other provisions
(119,854)
- 
Net assets
982,828 
730,106 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
982,728 
730,006 
Shareholders' funds
982,828 
730,106 
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2022 and were signed on its behalf by
Mr S Daley Director Company Registration No. 07915414
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S Daley & Son Ltd Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
S Daley & Son Ltd is a private company, limited by shares, registered in England and Wales, registration number 07915414. The registered office is 14c Kings Business Park, Kings Drive, Prescot, Liverpool, Merseyside, L34 1PJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on the reducing balance
Fixtures & fittings
15% on the reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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S Daley & Son Ltd Notes to the Accounts for the year ended 31 January 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2021
138,556 
12,319 
150,875 
Additions
24,995 
- 
24,995 
At 31 January 2022
163,551 
12,319 
175,870 
Depreciation
At 1 February 2021
77,400 
5,947 
83,347 
Charge for the year
21,538 
955 
22,493 
At 31 January 2022
98,938 
6,902 
105,840 
Net book value
At 31 January 2022
64,613 
5,417 
70,030 
At 31 January 2021
61,156 
6,372 
67,528 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
78,605 
39,928 
Trade debtors
382,732 
91,743 
Amounts due from group undertakings etc.
10,000 
10,000 
Accrued income and prepayments
6,000 
- 
Other debtors
1,002 
- 
478,339 
141,671 
Debtors: amounts falling due after more than one year
Accrued income and prepayments
100,701 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
12,187 
6,324 
Trade creditors
95,916 
129,620 
Taxes and social security
100,045 
81,397 
Other creditors
42,901 
50,000 
Loans from directors
92,483 
85,399 
Accruals
4,300 
4,795 
347,832 
357,535 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
- 
16,605 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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S Daley & Son Ltd Notes to the Accounts for the year ended 31 January 2022
9
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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