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REGISTERED NUMBER: 00610341 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DALE & COMPANY (ANCOATS) LIMITED

DALE & COMPANY (ANCOATS) LIMITED (REGISTERED NUMBER: 00610341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DALE & COMPANY (ANCOATS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Miss J.M. Whitehead
M. Bradley





SECRETARY: Miss J.M. Whitehead





REGISTERED OFFICE: 2 Kelbrook Road
Off Stainburn Road
Parkhouse Street
MANCHESTER
Lancashire
M11 2QA





REGISTERED NUMBER: 00610341 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

DALE & COMPANY (ANCOATS) LIMITED (REGISTERED NUMBER: 00610341)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,477,181 1,499,104

CURRENT ASSETS
Stocks 160,046 169,641
Debtors 278,840 317,440
Cash at bank and in hand 262 216
439,148 487,297
CREDITORS
Amounts falling due within one year 419,385 507,147
NET CURRENT ASSETS/(LIABILITIES) 19,763 (19,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,496,944

1,479,254

CREDITORS
Amounts falling due after more than one year (24,259 ) (45,873 )

PROVISIONS FOR LIABILITIES 7 (201,493 ) (144,775 )
NET ASSETS 1,271,192 1,288,606

CAPITAL AND RESERVES
Called up share capital 8 21,350 21,350
Share premium 10,800 10,800
Revaluation reserve 9 490,650 490,650
Retained earnings 748,392 765,806
SHAREHOLDERS' FUNDS 1,271,192 1,288,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DALE & COMPANY (ANCOATS) LIMITED (REGISTERED NUMBER: 00610341)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 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 and authorised for issue on 3 April 2024 and were signed on its behalf by:




Miss J.M. Whitehead - Director



M. Bradley - Director


DALE & COMPANY (ANCOATS) LIMITED (REGISTERED NUMBER: 00610341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dale & Company (Ancoats) 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Property improvements - 5% on cost
Computer equipment - 33 1/3% and 20% on cost
Plant and machinery - 20% on cost and 2.5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Hire equipment - 15% on reducing balance

Freehold buildings are not depreciated as the directors consider that it is unnecessary as it is the company practice to maintain the assets in a continual state of sound repair and accordingly the lives are so long and the residual values so high that their depreciation is insignificant.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

DALE & COMPANY (ANCOATS) LIMITED (REGISTERED NUMBER: 00610341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 2,053,157
DEPRECIATION
At 1 January 2023 554,053
Charge for year 21,923
At 31 December 2023 575,976
NET BOOK VALUE
At 31 December 2023 1,477,181
At 31 December 2022 1,499,104

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2022 623,749
Cost 1,429,408
2,053,157

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 January 2023 40,649
Transfer to ownership (26,099 )
At 31 December 2023 14,550
DEPRECIATION
At 1 January 2023 26,376
Charge for year 2,046
Transfer to ownership (20,010 )
At 31 December 2023 8,412
NET BOOK VALUE
At 31 December 2023 6,138
At 31 December 2022 14,273

DALE & COMPANY (ANCOATS) LIMITED (REGISTERED NUMBER: 00610341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 18,500 18,498

Amounts falling due between one and two years:
Bank loans - 1-2 years 24,000 42,502

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 33,979 58,666
Bank loans 42,500 61,000
Hire purchase contracts 3,371 7,540
79,850 127,206

The bank loan and overdraft are secured by a charge over the company's premises on Kelbrook Road.

Hire purchase creditors are secured on the assets to which they relate.

The secured directors loan was secured by a second charge over the company's premises on Kelbrook Road but was fully repaid during the year ended 31 December 2022.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 201,493 144,775

Deferred
tax
£   
Balance at 1 January 2023 144,775
Provided during year 56,718
Balance at 31 December 2023 201,493

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
21,350 Ordinary shares £1 21,350 21,350

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 490,650