Company Registration No. 01416971 (England and Wales)
Dalesway Limited
Unaudited accounts
for the year ended 31 July 2023
Dalesway Limited
Statement of financial position
as at 31 July 2023
Investment property
450,000
450,000
Cash at bank and in hand
25,869
15,745
Creditors: amounts falling due within one year
(25,771)
(15,739)
Net assets
450,098
450,006
Called up share capital
2,100
2,100
Revaluation reserve
249,692
249,692
Profit and loss account
198,306
198,214
Shareholders' funds
450,098
450,006
For the year ending 31 July 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 2 April 2024 and were signed on its behalf by
Jennifer Buckley
Director
Company Registration No. 01416971
Dalesway Limited
Notes to the Accounts
for the year ended 31 July 2023
Dalesway Limited is a private company, limited by shares, registered in England and Wales, registration number 01416971. The registered office is Lazenby House, Maunby, THIRSK, North Yorkshire, YO7 4HA.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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
15% reducing balance
Fixtures & fittings
25% reducing balance
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Turnover represents rental income receivable. Turnover is wholly attributable to the company's principal activity and arises entirely wihtin the United Kingdom.
Dalesway Limited
Notes to the Accounts
for the year ended 31 July 2023
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
9,137
12,966
22,103
At 31 July 2023
9,137
12,966
22,103
At 1 August 2022
9,137
12,966
22,103
At 31 July 2023
9,137
12,966
22,103
Fair value at 1 August 2022
450,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,368
7,926
Other creditors
7,790
3,090
Loans from directors
7,790
2,790
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Transactions with related parties
Dalesway Ltd is controlled by R G Buckley, S M Buckley, J R Buckley and J Buckley.
During the year the company paid dividends in total of £39,700 (2022 - £6,180) to R G Buckley, S M Buckley, J R Buckley and J Buckley.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).