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REGISTERED NUMBER: 04685374 (England and Wales)















A DALES & SONS (LOUTH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






A DALES & SONS (LOUTH) LIMITED (REGISTERED NUMBER: 04685374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


A DALES & SONS (LOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: P Dales



SECRETARY: P Dales



REGISTERED OFFICE: Skylark House
63 Horncastle Road
Louth
Lincolnshire
LN11 9LH



REGISTERED NUMBER: 04685374 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS



BANKERS: HSBC UK
Cornmarket
Louth
Lincolnshire
LN11 9QB

A DALES & SONS (LOUTH) LIMITED (REGISTERED NUMBER: 04685374)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 11,358 14,737

CURRENT ASSETS
Debtors 5 35,896 34,829
Cash at bank and in hand 100,985 105,514
136,881 140,343
CREDITORS
Amounts falling due within one year 6 15,662 10,288
NET CURRENT ASSETS 121,219 130,055
TOTAL ASSETS LESS CURRENT LIABILITIES 132,577 144,792

PROVISIONS FOR LIABILITIES 2,158 2,801
NET ASSETS 130,419 141,991

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 130,417 141,989
SHAREHOLDERS' FUNDS 130,419 141,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 8 July 2024 and were signed by:





P Dales - Director


A DALES & SONS (LOUTH) LIMITED (REGISTERED NUMBER: 04685374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

A Dales & Sons (Louth) 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 (£).


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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 15% on reducing balance
Motor vehicles- 25% on reducing balance

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


A DALES & SONS (LOUTH) LIMITED (REGISTERED NUMBER: 04685374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 6 April 2023 11,841 48,729 60,570
Disposals - (8,500 ) (8,500 )
At 5 April 2024 11,841 40,229 52,070
DEPRECIATION
At 6 April 2023 8,523 37,310 45,833
Charge for year 497 2,846 3,343
Eliminated on disposal - (8,464 ) (8,464 )
At 5 April 2024 9,020 31,692 40,712
NET BOOK VALUE
At 5 April 2024 2,821 8,537 11,358
At 5 April 2023 3,318 11,419 14,737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 35,896 34,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,478 1,865
Taxation and social security 7,393 6,601
Other creditors 1,791 1,822
15,662 10,288

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

A DALES & SONS (LOUTH) LIMITED (REGISTERED NUMBER: 04685374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
P Dales
Balance outstanding at start of year 30,582 22,290
Amounts advanced 51,114 57,704
Amounts repaid (49,412 ) (49,412 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,284 30,582

The Director's loan account is unsecured, includes interest of 2.5% and is repayable on demand.