Company Registration No. 07915414 (England and Wales)
S Daley & Son Ltd
Unaudited accounts
for the year ended 31 January 2024
S Daley & Son Ltd
Unaudited accounts
Contents
S Daley & Son Ltd
Company Information
for the year ended 31 January 2024
Company Number
07915414 (England and Wales)
Registered Office
14c Kings Business Park
Kings Drive, Prescot
Liverpool
Merseyside
L34 1PJ
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
S Daley & Son Ltd
Accountants' report
Accountants' report to the director of S Daley & Son Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
S Daley & Son Ltd for the year ended
31 January 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of S Daley & Son Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of S Daley & Son Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S Daley & Son Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that S Daley & Son Ltd 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 S Daley & Son Ltd. You consider that S Daley & Son Ltd 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 S Daley & Son Ltd. 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.
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
8 May 2024
S Daley & Son Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
102,216
99,371
Cash at bank and in hand
1,410,061
1,013,247
Creditors: amounts falling due within one year
(578,543)
(402,960)
Net current assets
1,363,160
1,201,858
Total assets less current liabilities
1,465,376
1,301,229
Creditors: amounts falling due after more than one year
(37,698)
(23,246)
Net assets
1,427,678
1,277,983
Called up share capital
100
100
Profit and loss account
1,427,578
1,277,883
Shareholders' funds
1,427,678
1,277,983
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 21 July 2024 and were signed on its behalf by
Mr S Daley
Director
Company Registration No. 07915414
S Daley & Son Ltd
Notes to the Accounts
for the year ended 31 January 2024
S Daley & Son Ltd is a private company, limited by shares, registered in England and Wales, registration number 07915414. The registered office is 14c Kings Business Park, Kings Drive, Prescot, Liverpool, Merseyside, L34 1PJ.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on the reducing balance
Fixtures & fittings
15% on the reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
S Daley & Son Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
219,294
12,319
231,613
Additions
70,912
1,077
71,989
Disposals
(40,000)
-
(40,000)
At 31 January 2024
250,206
13,396
263,602
At 1 February 2023
124,527
7,715
132,242
Charge for the year
31,420
2,724
34,144
On disposals
(5,000)
-
(5,000)
At 31 January 2024
150,947
10,439
161,386
At 31 January 2024
99,259
2,957
102,216
At 31 January 2023
94,767
4,604
99,371
Amounts falling due within one year
Trade debtors
372,567
369,754
Amounts due from group undertakings etc.
30,000
20,000
Accrued income and prepayments
6,000
6,000
Amounts falling due after more than one year
Accrued income and prepayments
-
100,701
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
10,648
Obligations under finance leases and hire purchase contracts
5,100
-
Trade creditors
249,077
150,227
Taxes and social security
107,843
106,777
Loans from directors
200,584
130,608
S Daley & Son Ltd
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,100
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).