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REGISTERED NUMBER: 04934713 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2022

FOR

D G DALE & SON LIMITED

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D G DALE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2022







DIRECTORS: Nicholas Ian Dale
James Andrew Dale
Emma Barbery





REGISTERED OFFICE: Unit C & D
Escrick Business Park
Escrick
York
YO19 6ED





REGISTERED NUMBER: 04934713 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

BALANCE SHEET
30 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 672,298 691,863
672,298 691,863

CURRENT ASSETS
Stocks 303,945 428,000
Debtors 6 20,935 32,202
Cash at bank 20,444 -
345,324 460,202
CREDITORS
Amounts falling due within one year 7 488,107 610,553
NET CURRENT LIABILITIES (142,783 ) (150,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES 529,515 541,512

CREDITORS
Amounts falling due after more than one
year

8

(410,880

)

(460,121

)

PROVISIONS FOR LIABILITIES (9,354 ) (7,957 )
NET ASSETS 109,281 73,434

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

BALANCE SHEET - continued
30 DECEMBER 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Profit and loss account 99,281 63,434
109,281 73,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Nicholas Ian Dale - Director


D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022

1. STATUTORY INFORMATION

D G Dale & Son 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 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.

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

GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill and other intangible fixed assets have been capitalised and are amortised on a straight line basis over the estimated useful economic life of ten years, which was chosen because the directors are of the opinion that this is the period over which the company will receive economic benefits from these assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Imprvmts to landlord prop - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 9 ) .

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2021
and 30 December 2022 50,000
AMORTISATION
At 31 December 2021
and 30 December 2022 50,000
NET BOOK VALUE
At 30 December 2022 -
At 30 December 2021 -

5. TANGIBLE FIXED ASSETS
Imprvmts
to
Freehold landlord Plant and
property prop machinery
£    £    £   
COST
At 31 December 2021
and 30 December 2022 717,265 84,011 102,306
DEPRECIATION
At 31 December 2021 77,889 76,651 61,496
Charge for year 14,345 160 4,081
At 30 December 2022 92,234 76,811 65,577
NET BOOK VALUE
At 30 December 2022 625,031 7,200 36,729
At 30 December 2021 639,376 7,360 40,810

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 31 December 2021
and 30 December 2022 3,733 12,933 920,248
DEPRECIATION
At 31 December 2021 3,063 9,286 228,385
Charge for year 67 912 19,565
At 30 December 2022 3,130 10,198 247,950
NET BOOK VALUE
At 30 December 2022 603 2,735 672,298
At 30 December 2021 670 3,647 691,863

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,425 12,265
Amounts owed by related party - 19,500
Other debtors 510 437
20,935 32,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 165,657 220,064
Trade creditors 73,828 37,262
Taxation and social security 64,084 58,514
Other creditors 184,538 294,713
488,107 610,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loan 410,880 460,121

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 163,568 251,362

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 18,000 18,000
Between one and five years 81,000 9,000
99,000 27,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 99,392 167,174
Bank loan 477,145 513,011
576,537 680,185

Interest on the bank loan, which is repayable by monthly instalments, is charged at a commercial rate of interest. The bank loans and overdraft are secured by a charge on the company's assets, freehold buildings, stock and Mr. Ian Dale's personal assets.

Included within other creditors is a stocking loan of £19,587 (2021: £122,768) which is secured against the stock of vehicles.

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £3,805 (2021: £6,917)). Contributions totalling £1,939 (2021: £928) were payable to the fund at the year end and are included in creditors.

D G DALE & SON LIMITED (REGISTERED NUMBER: 04934713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

12. RELATED PARTY DISCLOSURES

Mr J A Dale and Mr N I Dale have control over the majority of shares in the company, and together with their involvement in its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No.102.

Creditors falling due within one year include the following the directors' loans owed to Mr J A Dale £1568(2021: £7,953) and Mr N I Dale £1569 (2021: £3,663).

Mr I W Dale was director of IWD Homes Limited which was dissolved during the year to 30th December 2022.

Debtors at 30th December 2022 include the following amounts owed by related companies:

2022 2021
£ £

IWD Homes Limited - 19,500
- 19,500