T L Dallas (NI) Limited 09739895 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Insurance broker Digita Accounts Production Advanced 6.30.9574.0 true true 09739895 2023-01-01 2023-12-31 09739895 2023-12-31 09739895 bus:OrdinaryShareClass1 2023-12-31 09739895 core:RetainedEarningsAccumulatedLosses 2023-12-31 09739895 core:ShareCapital 2023-12-31 09739895 core:CurrentFinancialInstruments 2023-12-31 09739895 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09739895 core:OfficeEquipment 2023-12-31 09739895 bus:SmallEntities 2023-01-01 2023-12-31 09739895 bus:Audited 2023-01-01 2023-12-31 09739895 bus:FullAccounts 2023-01-01 2023-12-31 09739895 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09739895 bus:RegisteredOffice 2023-01-01 2023-12-31 09739895 bus:Director2 2023-01-01 2023-12-31 09739895 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09739895 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09739895 core:OfficeEquipment 2023-01-01 2023-12-31 09739895 1 2023-01-01 2023-12-31 09739895 countries:EnglandWales 2023-01-01 2023-12-31 09739895 2022-12-31 09739895 core:OfficeEquipment 2022-12-31 09739895 2022-01-01 2022-12-31 09739895 2022-12-31 09739895 bus:OrdinaryShareClass1 2022-12-31 09739895 core:RetainedEarningsAccumulatedLosses 2022-12-31 09739895 core:ShareCapital 2022-12-31 09739895 core:CurrentFinancialInstruments 2022-12-31 09739895 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09739895 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09739895

T L Dallas (NI) Limited

Filleted Financial Statements

for the Year Ended 31 December 2023

 

T L Dallas (NI) Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 6

 

T L Dallas (NI) Limited

(Registration number: 09739895)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

3,230

 

5,637

Current assets

   

 

Debtors

5

172,149

 

56,964

 

Cash at bank and in hand

 

267,318

 

223,675

 

 

439,467

 

280,639

 

Creditors: Amounts falling due within one year

6

(128,828)

 

(91,623)

 

Net current assets

   

310,639

 

189,016

Total assets less current liabilities

   

313,869

 

194,653

Provisions for liabilities

 

-

 

(659)

Net assets

   

313,869

 

193,994

Capital and reserves

   

 

Called up share capital

7

10,000

 

10,000

 

Retained earnings

303,869

 

183,994

 

Shareholders' funds

   

313,869

 

193,994

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2024 and signed on its behalf by:
 

.........................................
P E O Staveley
Director

 

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dallas House
Low Moor
Bradford
West Yorkshire
BD12 0HF

These financial statements were authorised for issue by the Board on 25 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentation currency is pound sterling.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 25 September 2024 was Mark Wilcock FCA, who signed for and on behalf of Watson Buckle Limited.

.........................................

Revenue recognition

Turnover represents commissions and fees, which are taken to revenue in full at the later of the binding contract date and the renewal or commencement date of the policy; and profit commission which is recognised on receipt.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% straight line basis

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

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 and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed during the year was 11 (2022 - 9).

 

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
 £

Total
£

Cost

At 1 January 2023

109,385

109,385

At 31 December 2023

109,385

109,385

Depreciation

At 1 January 2023

103,748

103,748

Charge for the year

2,407

2,407

At 31 December 2023

106,155

106,155

Carrying amount

At 31 December 2023

3,230

3,230

At 31 December 2022

5,637

5,637

5

Debtors

Current

2023
£

2022
£

Amounts owed by related parties

167,774

26,227

Prepayments

4,207

30,637

Other debtors

168

100

 

172,149

56,964

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

9,689

7,061

Taxation and social security

53,477

34,310

Accruals and deferred income

65,662

50,246

Other creditors

-

6

128,828

91,623

 

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

         

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £164,333 (2022 - £198,333). This financial commitment is in respect of operating leases.

9

Parent and ultimate parent undertaking

The company's immediate parent is T L Dallas Group Limited, incorporated in England and Wales. The registered office of T L Dallas Group Limited is Dallas House, Low Moor, Bradford, BD12 0HF.

  These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.