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Registered Number: 10440062
England and Wales

 

 

 

DALE RETAIL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
McMillan & Kelly Ltd
31 October 2023



....................................................
McMillan & Kelly Ltd
Tower Court
Oakdale Road
Clifton Moor
York
YO30 4XL
30 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 29,548    37,565 
Investments 4 99,139    58,650 
128,687    96,215 
Current assets      
Stocks 48,236    46,105 
Cash at bank and in hand 99,462    123,600 
147,698    169,705 
Creditors: amount falling due within one year (30,411)   (27,296)
Net current assets 117,287    142,409 
 
Total assets less current liabilities 245,974    238,624 
Creditors: amount falling due after more than one year (36,521)   (40,044)
Net assets 209,453    198,580 
 

Capital and reserves
     
Called up share capital 5 4    4 
Profit and loss account 209,449    198,576 
Shareholders' funds 209,453    198,580 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:


-------------------------------
BHUPINDER SINGH
Director
2
General Information
DALE RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 10440062, registration address OAKSPRING, Beacon Road, Walsall, United Kingdom, WS5 3LF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Motor Vehicles 25 Reducing Balance
Plant and Machinery 20 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 November 2022 30,200    26,521    25,051    81,772 
Additions      
Disposals      
At 31 October 2023 30,200    26,521    25,051    81,772 
Depreciation
At 01 November 2022 10,872    16,435    16,900    44,207 
Charge for year 3,866    2,521    1,630    8,017 
On disposals      
At 31 October 2023 14,738    18,956    18,530    52,224 
Net book values
Closing balance as at 31 October 2023 15,462    7,565    6,521    29,548 
Opening balance as at 01 November 2022 19,328    10,086    8,151    37,565 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 November 2022  
Additions 99,139    99,139 
Transfer to/from tangible fixed assets  
Disposals  
At 31 October 2023 99,139    99,139 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
4 Class A shares of £1.00 each  
 

3