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REGISTERED NUMBER: 01660503 (England and Wales)















Daleking Limited
Trading as
Hi Sell Direct

Unaudited Financial Statements

for the Year Ended 31st March 2024






Daleking Limited (Registered number: 01660503)
Trading as Hi Sell Direct






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Daleking Limited
Trading as Hi Sell Direct

Company Information
for the year ended 31st March 2024







DIRECTORS: V J Skinner
P R Maskell
D J Skinner
Mrs J Maskell
R Skinner
Ms S Maskell





SECRETARY: V J Skinner





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: 01660503 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Daleking Limited (Registered number: 01660503)
Trading as Hi Sell Direct

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 151,871 166,967

CURRENT ASSETS
Stocks 534,141 483,991
Debtors 6 392,409 415,342
Cash at bank and in hand 216,140 332,878
1,142,690 1,232,211
CREDITORS
Amounts falling due within one year 7 622,664 647,032
NET CURRENT ASSETS 520,026 585,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,897

752,146

CREDITORS
Amounts falling due after more than one
year

8

(23,708

)

(30,142

)

PROVISIONS FOR LIABILITIES 10 (10,000 ) (9,000 )
NET ASSETS 638,189 713,004

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 638,089 712,904
SHAREHOLDERS' FUNDS 638,189 713,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th June 2024 and were signed on its behalf by:




V J Skinner - Director


Daleking Limited (Registered number: 01660503)
Trading as Hi Sell Direct

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Daleking 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year was that of furniture and carpet retailers

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Turnover
The company's turnover represents the value, excluding value added tax, of goods supplied to customers in the UK during the year net of finance charges on sales made on "interest free credit". The directors consider that there is only one class of business.

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 - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and net realisable value.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Daleking Limited (Registered number: 01660503)
Trading as Hi Sell Direct

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 341,216 2,000 52,916 82,960 479,092
DEPRECIATION
At 1st April 2023 199,280 1,665 52,493 58,687 312,125
Charge for year 8,871 50 106 6,069 15,096
At 31st March 2024 208,151 1,715 52,599 64,756 327,221
NET BOOK VALUE
At 31st March 2024 133,065 285 317 18,204 151,871
At 31st March 2023 141,936 335 423 24,273 166,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 758 3
Amounts owed by group undertakings 346,513 375,639
Other debtors 45,138 39,700
392,409 415,342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,952 9,952
Payments on account 94,727 116,411
Trade creditors 113,426 101,573
Taxation and social security 66,811 51,182
Other creditors 337,748 367,914
622,664 647,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 23,708 30,142

9. SECURED DEBTS

Barclays Bank Plc., hold a debenture covering a fixed and floating charge over the companies assets.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,000 9,000

Daleking Limited (Registered number: 01660503)
Trading as Hi Sell Direct

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 9,000
Provided during year 1,000
Balance at 31st March 2024 10,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1st April 2023 712,904
Profit for the year 25,185
Dividends (100,000 )
At 31st March 2024 638,089

13. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2024 or at 31st March 2023..

14. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2024 or at 31st March 2023.