Company Registration No. 7904104 (England and Wales)
Dilly Arts
Unaudited accounts
for the year ended 31 January 2023
Dilly Arts
Unaudited accounts
Contents
Dilly Arts
Company Information
for the year ended 31 January 2023
Directors
Alison Redshaw-Boxwell
Graeme Henry Redshaw-Boxwell
Helen Elizabeth Stirland
Secretary
Graeme H Redshaw-Boxwell
Company Number
7904104 (England and Wales)
Registered Office
25 Beaufront Avenue
Hexham
Northumberland
NE46 1JD
Accountants
Accounting for Good CIC
The Winlaton Centre
North Street
Winlaton
Tyne and Wear
NE21 6BY
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of Dilly Arts (The Company) for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 January 2023 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 31 January 2023.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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 financial statements.
Accounting for Good CIC
Financial Accountants
The Winlaton Centre
North Street
Winlaton
Tyne and Wear
NE21 6BY
3 October 2023
Dilly Arts
Statement of financial position
as at 31 January 2023
Tangible assets
1,903
2,854
Cash at bank and in hand
4,831
1,884
Creditors: amounts falling due within one year
(8,837)
(5,008)
Net current liabilities
(2,356)
(3,124)
Total assets less current liabilities
(453)
(270)
Provisions for liabilities
Net liabilities
(815)
(812)
Profit and loss account
(815)
(812)
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Alison Redshaw-Boxwell
Director
Company Registration No. 7904104
Dilly Arts
Notes to the Accounts
for the year ended 31 January 2023
Dilly Arts is a private company, limited by guarantee, registered in England and Wales, registration number 7904104. The registered office is 25 Beaufront Avenue, Hexham, Northumberland, NE46 1JD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years reducing balance
Grant funding received during the year
The National Lottery Community Fund £1000
4
Tangible fixed assets
Plant & machinery
Dilly Arts
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Accrued income and prepayments
1,650
-
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
2,558
2,508
Deferred income
4,800
2,000
7
Company limited by guarantee
The company is limited by guarantee without share capital use of 'Limited' exemption
8
Transactions with related parties
During the year, the company continued a loan amounting to £2558 from directors. No repayment date has been agreed and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).