IRIS Accounts Production v23.3.1.45 06239225 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false A Ordinary shares 1.00000 B Ordinary shares 1.00000 C Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062392252022-03-31062392252023-03-31062392252022-04-012023-03-31062392252021-03-31062392252021-04-012022-03-31062392252022-03-3106239225ns10:Originalns15:EnglandWales2022-04-012023-03-3106239225ns14:PoundSterlingns10:Original2022-04-012023-03-3106239225ns10:Originalns10:Director12022-04-012023-03-3106239225ns10:Original2022-04-012023-03-3106239225ns10:Original2023-03-3106239225ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106239225ns10:Originalns10:SmallEntities2022-04-012023-03-3106239225ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106239225ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106239225ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106239225ns10:Originalns10:FullAccounts2022-04-012023-03-3106239225ns10:Original12022-04-012023-03-3106239225ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3106239225ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3106239225ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3106239225ns10:Originalns10:Director22022-04-012023-03-3106239225ns10:CompanySecretary1ns10:Original2022-04-012023-03-3106239225ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106239225ns10:Original2022-03-3106239225ns10:Originalns5:CurrentFinancialInstruments2023-03-3106239225ns10:Originalns5:CurrentFinancialInstruments2022-03-3106239225ns10:Originalns5:Non-currentFinancialInstruments2023-03-3106239225ns10:Originalns5:Non-currentFinancialInstruments2022-03-3106239225ns5:ShareCapitalns10:Original2023-03-3106239225ns5:ShareCapitalns10:Original2022-03-3106239225ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106239225ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106239225ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3106239225ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3106239225ns10:Originalns5:FurnitureFittings2022-04-012023-03-3106239225ns10:Originalns5:ComputerEquipment2022-04-012023-03-3106239225ns10:Original2021-04-012022-03-3106239225ns10:Originalns5:NetGoodwill2022-03-3106239225ns10:Originalns5:NetGoodwill2022-04-012023-03-3106239225ns10:Originalns5:NetGoodwill2023-03-3106239225ns10:Originalns5:NetGoodwill2022-03-3106239225ns10:Originalns5:LeaseholdImprovements2022-03-3106239225ns10:Originalns5:FurnitureFittings2022-03-3106239225ns10:Originalns5:ComputerEquipment2022-03-3106239225ns10:Original2022-03-3106239225ns10:Originalns5:LeaseholdImprovements2023-03-3106239225ns10:Originalns5:FurnitureFittings2023-03-3106239225ns10:Originalns5:ComputerEquipment2023-03-3106239225ns10:Originalns5:LeaseholdImprovements2022-03-3106239225ns10:Originalns5:FurnitureFittings2022-03-3106239225ns10:Originalns5:ComputerEquipment2022-03-3106239225ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106239225ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3106239225ns10:Originalns5:DeferredTaxation2022-03-3106239225ns10:Originalns5:DeferredTaxation2022-04-012023-03-3106239225ns10:Originalns5:DeferredTaxation2023-03-3106239225ns10:Originalns10:OrdinaryShareClass12023-03-3106239225ns10:Originalns10:OrdinaryShareClass22023-03-3106239225ns10:OrdinaryShareClass3ns10:Original2023-03-31
REGISTERED NUMBER: 06239225 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Daulby Read Limited

Daulby Read Limited (Registered number: 06239225)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Daulby Read Limited

Company Information
for the Year Ended 31 March 2023







Directors: P J Goddard
S W B Read





Secretary: S W B Read





Registered office: Third Floor
Liverpool House
Lower Bridge Street
Chester
CH1 1RS





Registered number: 06239225 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Daulby Read Limited (Registered number: 06239225)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 199,928 265,390
Tangible assets 5 5,339 8,789
205,267 274,179

Current assets
Debtors 6 1,540,399 1,247,709
Cash at bank 30,116 106,121
1,570,515 1,353,830
Creditors
Amounts falling due within one year 7 1,164,331 1,009,527
Net current assets 406,184 344,303
Total assets less current liabilities 611,451 618,482

Creditors
Amounts falling due after more than
one year

8

(227,534

)

(229,913

)

Provisions for liabilities 9 (1,014 ) (1,670 )
Net assets 382,903 386,899

Capital and reserves
Called up share capital 10 15,000 15,000
Retained earnings 367,903 371,899
Shareholders' funds 382,903 386,899

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

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

Daulby Read Limited (Registered number: 06239225)

Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





P J Goddard - Director


Daulby Read Limited (Registered number: 06239225)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

Daulby Read 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Daulby Read Limited (Registered number: 06239225)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 2020, 2021 and 2022 is being amortised evenly over its estimated useful life of five years.

3. Employees and directors

The average number of employees during the year was 26 (2022 - 21 ) .

Daulby Read Limited (Registered number: 06239225)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 414,664
Amortisation
At 1 April 2022 149,274
Amortisation for year 65,462
At 31 March 2023 214,736
Net book value
At 31 March 2023 199,928
At 31 March 2022 265,390

5. Tangible fixed assets
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2022
and 31 March 2023 2,067 21,174 28,424 51,665
Depreciation
At 1 April 2022 2,067 18,477 22,332 42,876
Charge for year - 404 3,046 3,450
At 31 March 2023 2,067 18,881 25,378 46,326
Net book value
At 31 March 2023 - 2,293 3,046 5,339
At 31 March 2022 - 2,697 6,092 8,789

6. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade debtors 837,812 710,482
Amounts owed by group undertakings 697,438 533,255
Other debtors 5,149 3,972
1,540,399 1,247,709

Daulby Read Limited (Registered number: 06239225)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 79,246 46,535
Trade creditors 772,569 686,396
Taxation and social security 40,012 58,584
Other creditors 272,504 218,012
1,164,331 1,009,527

8. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Bank loans 104,991 128,728
Other creditors 122,543 101,185
227,534 229,913

9. Provisions for liabilities
31/3/23 31/3/22
£    £   
Deferred tax 1,014 1,670

Deferred
tax
£   
Balance at 1 April 2022 1,670
Credit to Statement of Income and Retained Earnings during
year

(656

)
Balance at 31 March 2023 1,014

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
8,100 A Ordinary shares £1 8,100 8,100
5,700 B Ordinary shares £1 5,700 5,700
1,200 C Ordinary shares £1 1,200 1,200
15,000 15,000

Daulby Read Limited (Registered number: 06239225)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. Related party disclosures

Included in debtors is an amount of £690,311 (2022 - £533,255) due from the company's holding company. No interest is charged on the outstanding balance. This amount is repayable on demand.

The directors have given personal guarantees to the company's bankers in respect of company borrowings which at 31 March 2023 stood at £184,237 (2022- £175,262).

12. Operating lease commitments

At 31 March 2023 total commitments over the remaining term of existing operating leases were £63,600 (2022 - £38,000). The amount due within one within one year was £44,400 (2022 - £28,000).