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REGISTERED NUMBER: 00148767 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A L DALTON LIMITED

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A L DALTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Sharp
A Walsh
S C Balchin
A J N Dalton





REGISTERED OFFICE: Crossgate Drive
Queens Drive Industrial Estate
Nottingham
Nottinghamshire
NG2 1LW





REGISTERED NUMBER: 00148767 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,027 38,649
Tangible assets 5 865,110 778,127
Investments 6 20,000 20,000
919,137 836,776

CURRENT ASSETS
Stocks 1,209,444 948,292
Debtors 7 482,875 491,413
Cash at bank and in hand 697,248 693,236
2,389,567 2,132,941
CREDITORS
Amounts falling due within one year 8 1,436,743 1,304,735
NET CURRENT ASSETS 952,824 828,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,871,961

1,664,982

CREDITORS
Amounts falling due after more than one year 9 (77,372 ) (37,664 )

PROVISIONS FOR LIABILITIES (36,891 ) (30,167 )
NET ASSETS 1,757,698 1,597,151

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

BALANCE SHEET - continued
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 1,502 1,502
Revaluation reserve 12 475,337 475,337
Capital redemption reserve 12 1,502 1,502
Retained earnings 12 1,279,357 1,118,810
SHAREHOLDERS' FUNDS 1,757,698 1,597,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





A J N Dalton - Director


A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A L Dalton 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 as modified by the revaluation of certain assets.

The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have considered a period of twelve months from the date of approval of the financial statements and do not consider that any further disclosures are necessary.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Over lease term : straight line basis
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

The long leasehold asset is held on a lease over 99 years which commenced 24 June 1973.

The company has adopted the revaluation model for Long Leasehold Property which is therefore included at its fair value. Fair value is determined from market based evidence. Revaluations are made with sufficient regularity to ensure the carrying value does not differ materially from the fair value at the year end. The directors consider this is achieved by revaluations on a five yearly cycle unless market conditions suggest otherwise.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Operating lease rentals are charged in the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

Accounting convention
The accounts have been prepared on a going concern basis, which the directors consider to be justifiable.They also believes that the bank will continue to offer their support.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 103,144
AMORTISATION
At 1 January 2023 64,495
Amortisation for year 4,622
At 31 December 2023 69,117
NET BOOK VALUE
At 31 December 2023 34,027
At 31 December 2022 38,649

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses.

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2023 600,000 175,650 216,542
Additions - 36,674 15,061
Disposals - - -
At 31 December 2023 600,000 212,324 231,603
DEPRECIATION
At 1 January 2023 23,301 164,013 195,067
Charge for year 11,650 6,668 12,268
Eliminated on disposal - - -
At 31 December 2023 34,951 170,681 207,335
NET BOOK VALUE
At 31 December 2023 565,049 41,643 24,268
At 31 December 2022 576,699 11,637 21,475

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 350,168 200,089 1,542,449
Additions 173,570 9,986 235,291
Disposals (74,965 ) - (74,965 )
At 31 December 2023 448,773 210,075 1,702,775
DEPRECIATION
At 1 January 2023 201,705 180,236 764,322
Charge for year 97,500 18,331 146,417
Eliminated on disposal (73,074 ) - (73,074 )
At 31 December 2023 226,131 198,567 837,665
NET BOOK VALUE
At 31 December 2023 222,642 11,508 865,110
At 31 December 2022 148,463 19,853 778,127

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
Valuation in 2006 365,178 - -
Valuation in 2015 10,000 - -
Valuation in 2020 (60,000 ) - -
Cost 284,822 212,324 231,603
600,000 212,324 231,603

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2006 - - 365,178
Valuation in 2015 - - 10,000
Valuation in 2020 - - (60,000 )
Cost 448,773 210,075 1,387,597
448,773 210,075 1,702,775

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

If long leasehold property had not been revalued it would have been included at the following historical cost:

31.12.2331.12.22
££
Cost284,822284,822
Aggregate depreciation168,994166,630

Long leasehold property was valued on an open market basis as at 31 December 2020 by FHP Property Consultants.

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 January 2023 236,884
Additions 173,570
Disposals (74,965 )
Transfer to ownership (25,146 )
At 31 December 2023 310,343
DEPRECIATION
At 1 January 2023 92,566
Charge for year 83,551
Eliminated on disposal (73,074 )
Transfer to ownership (25,146 )
Reclassification/transfer 41,953
At 31 December 2023 119,850
NET BOOK VALUE
At 31 December 2023 190,493
At 31 December 2022 144,318

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 20,000
At 31 December 2022 20,000

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 450,512 475,923
Other debtors - 2,734
Prepayments 32,363 12,756
482,875 491,413

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 25,530 256,477
Other loans - 10,993
Finance leases 75,744 39,945
Trade creditors 420,945 230,204
Corporation tax 159,873 63,903
Social security and other taxes 279,590 231,200
Other creditors 15,378 10,686
Directors' loan accounts 430,532 435,632
Accrued expenses 29,151 25,695
1,436,743 1,304,735

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Finance leases 77,372 37,664

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 2,301 224,118
Other loans - 10,993
Finance leases 153,116 77,609
155,417 312,720

Debts are secured by a charge or lien over the company's assets.

A L DALTON LIMITED (REGISTERED NUMBER: 00148767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,502 Ordinary £1 1,502 1,502

12. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 1,118,810 475,337 1,502 1,595,649
Profit for the year 160,547 160,547
At 31 December 2023 1,279,357 475,337 1,502 1,756,196

13. FINANCIAL COMMITMENTS

Total financial commitments include motor vehicle operating leases commitments of £89,396 (2022 - £72,459) and leasehold property lease commitments of £1,092,500 (2022 - £1,115,500) ( £23,000 pa expiring 24/06/2072).

14. RELATED PARTY DISCLOSURES

(i) Included in creditors is a loan owing from the company to a director of £430,532 (2022 - £435,632) the company paid interest of £38,506 on the loan during the year (2022 - £16,952).

(ii) A director is also a director of the company 'Wadkin Classical Limited'. A L Dalton Limited is party to a licence agreement with the company. No licence fees were paid to Wadkin Classical Limited, which was dormant during the year (2022 - £nil). Amounts are included in the accounts of £6,189 - creditors (2021 - £6,189) relating to this company.

(iii) A L Dalton Limited hold a 22.22% interest in Stenner Limited. A L Dalton Limited made gross sales to and purchases from Stenner Limited during the year of £1,200 (2022 - £3,600) and £153,867 (2022 - £234,600) respectively. Included in trade creditors is £1,259 (2022 - £39,866) owing to Stenner Limited. A management charge of £nil (2021 - £1,500) and dividends of £nil (2022 - £25,000) were received from Stenner Limited during the year.