Dale End Mills Limited 01599517 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of property management. Digita Accounts Production Advanced 6.30.9574.0 true 01599517 2022-03-01 2023-02-28 01599517 2023-02-28 01599517 core:RetainedEarningsAccumulatedLosses 2023-02-28 01599517 core:RevaluationReserve 2023-02-28 01599517 core:ShareCapital 2023-02-28 01599517 core:CurrentFinancialInstruments 2023-02-28 01599517 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 01599517 core:Non-currentFinancialInstruments 2023-02-28 01599517 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 01599517 core:FurnitureFittingsToolsEquipment 2023-02-28 01599517 core:LandBuildings 2023-02-28 01599517 bus:SmallEntities 2022-03-01 2023-02-28 01599517 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 01599517 bus:FullAccounts 2022-03-01 2023-02-28 01599517 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 01599517 bus:RegisteredOffice 2022-03-01 2023-02-28 01599517 bus:CompanySecretaryDirector1 2022-03-01 2023-02-28 01599517 bus:Director2 2022-03-01 2023-02-28 01599517 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 01599517 bus:Agent1 2022-03-01 2023-02-28 01599517 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 01599517 core:LandBuildings 2022-03-01 2023-02-28 01599517 core:PlantMachinery 2022-03-01 2023-02-28 01599517 countries:EnglandWales 2022-03-01 2023-02-28 01599517 2022-02-28 01599517 core:FurnitureFittingsToolsEquipment 2022-02-28 01599517 core:LandBuildings 2022-02-28 01599517 2021-03-01 2022-02-28 01599517 2022-02-28 01599517 core:RetainedEarningsAccumulatedLosses 2022-02-28 01599517 core:RevaluationReserve 2022-02-28 01599517 core:ShareCapital 2022-02-28 01599517 core:CurrentFinancialInstruments 2022-02-28 01599517 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 01599517 core:Non-currentFinancialInstruments 2022-02-28 01599517 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 01599517 core:FurnitureFittingsToolsEquipment 2022-02-28 01599517 core:LandBuildings 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 01599517

Dale End Mills Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Dale End Mills Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Dale End Mills Limited

Company Information

Directors

Mrs A J Barrow

Mr J Barrow

Company secretary

Mrs A J Barrow

Registered office

Dale End Mill
Dale End
Lothersdale
Keighley
North Yorkshire
BD20 8EN

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dale End Mills Limited
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dale End Mills Limited for the year ended 28 February 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Dale End Mills Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Dale End Mills Limited and state those matters that we have agreed to state to the Board of Directors of Dale End Mills Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dale End Mills Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dale End Mills Limited 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 Dale End Mills Limited. You consider that Dale End Mills Limited 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 Dale End Mills Limited. 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.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

1 February 2024

 

Dale End Mills Limited

(Registration number: 01599517)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

207,692

193,000

Current assets

 

Cash at bank and in hand

 

725

6,959

Creditors: Amounts falling due within one year

5

(1,488)

(1,081)

Net current (liabilities)/assets

 

(763)

5,878

Total assets less current liabilities

 

206,929

198,878

Creditors: Amounts falling due after more than one year

5

(161,885)

(166,781)

Net assets

 

45,044

32,097

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

129,487

129,487

Retained earnings

(85,443)

(98,390)

Shareholders' funds

 

45,044

32,097

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 February 2024 and signed on its behalf by:
 

.........................................
Mrs A J Barrow
Company secretary and director

 

Dale End Mills Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dale End Mill
Dale End
Lothersdale
Keighley
North Yorkshire
BD20 8EN

These financial statements were authorised for issue by the Board on 1 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity.
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Dale End Mills Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2022 - 2).

 

Dale End Mills Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

193,000

806

193,806

Additions

14,692

-

14,692

At 28 February 2023

207,692

806

208,498

Depreciation

At 1 March 2022

-

806

806

At 28 February 2023

-

806

806

Carrying amount

At 28 February 2023

207,692

-

207,692

At 28 February 2022

193,000

-

193,000

Included within the net book value of land and buildings above is £207,692 (2022 - £193,000) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

407

-

Accruals and deferred income

 

1,081

1,081

 

1,488

1,081

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

161,885

166,781

The directors have agreed not to seek repayment of director loans until the company has sufficient funds to do so.

 

Dale End Mills Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

934

1,748

Other borrowings

160,951

165,033

161,885

166,781

2023
£

2022
£

Current loans and borrowings

Bank borrowings

407

-

The bank borrowings are secured by a charge over the company’s assets.