Acorah Software Products - Accounts Production 14.6.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01356720 Mrs Shirley Williams Miss Sandra Williams Mrs Debra King iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01356720 2023-07-31 01356720 2024-07-31 01356720 2023-08-01 2024-07-31 01356720 frs-core:CurrentFinancialInstruments 2024-07-31 01356720 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 01356720 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 01356720 frs-core:PlantMachinery 2024-07-31 01356720 frs-core:PlantMachinery 2023-08-01 2024-07-31 01356720 frs-core:PlantMachinery 2023-07-31 01356720 frs-core:ShareCapital 2024-07-31 01356720 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01356720 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01356720 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 01356720 frs-bus:SmallEntities 2023-08-01 2024-07-31 01356720 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01356720 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01356720 frs-bus:Director1 2023-08-01 2024-07-31 01356720 frs-bus:Director2 2023-08-01 2024-07-31 01356720 frs-bus:Director3 2023-08-01 2024-07-31 01356720 frs-countries:EnglandWales 2023-08-01 2024-07-31 01356720 2022-07-31 01356720 2023-07-31 01356720 2022-08-01 2023-07-31 01356720 frs-core:CurrentFinancialInstruments 2023-07-31 01356720 frs-core:ShareCapital 2023-07-31 01356720 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 01356720
Dale Contract Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Martin Nye
Chartered Certified Accountants
186 High Street
Winslow
Buckinghamshire
MK18 3DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01356720
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 596,509 596,673
596,509 596,673
CURRENT ASSETS
Debtors 5 597 558
Cash at bank and in hand 46,550 52,122
47,147 52,680
Creditors: Amounts Falling Due Within One Year 6 (44,856 ) (49,391 )
NET CURRENT ASSETS (LIABILITIES) 2,291 3,289
TOTAL ASSETS LESS CURRENT LIABILITIES 598,800 599,962
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (59,901 ) (60,376 )
NET ASSETS 538,899 539,586
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 537,899 538,586
SHAREHOLDERS' FUNDS 538,899 539,586
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Shirley Williams
Director
10th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dale Contract Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01356720 . The registered office is 17 Borrowdale Avenue, Dunstable, Beds, LU6 3PG. The presentation currency is £ Sterling rounded to the nearest £1.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%, 15% and 5% Reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 August 2023 596,000 18,043 614,043
As at 31 July 2024 596,000 18,043 614,043
Depreciation
As at 1 August 2023 - 17,370 17,370
Provided during the period - 164 164
As at 31 July 2024 - 17,534 17,534
Net Book Value
As at 31 July 2024 596,000 509 596,509
As at 1 August 2023 596,000 673 596,673
Investment properties, which are held for third party renting, have been valued in total at their fair value as at 31st July 2024 by Mrs. S. Williams, a director of the company. Revaluations have been taken to the profit and loss account.
The properties have been valued each year since 31st July 2015 to their fair value of £510,000, during the year ended 31st July 2020 this value was increased to £585,000, during the year ended 31st July 2023, property with a fair value of £10,000 was disposed of and additions amounted to £21,000, the fair value as at 31st July 2023 is £596,000. 
Deferred taxation in respect of the revaluations amounting to £59,804 (2023 - £60,206, 2022 - £47,259, 2021 - £48,160) has been provided for. 
No depreciation is provided in respect of the properties. 
The original cost of the properties amounted to £233,343 (2023 - £233,343).
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties
£
Cost 233,343
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 597 558
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,111 6,396
Accruals and deferred income 3,013 3,013
Directors' loan accounts 39,732 39,982
44,856 49,391
Page 4
Page 5
7. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances and tax due on disposal of revalued property 
2024 2023
£ £
Other timing differences 59,901 60,376
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Included in closing shareholders' funds is £302,853 (2023 - £302,451) in respect of revaluations of investment properties, net of deferred taxation. Full taxation provision has been made with indexation to 31st December 2017, no indexation is available after this date. These funds are not available for distribution as they are unrealised.
Page 5