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REGISTERED NUMBER: 02051995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DALE BUILDING LIMITED

DALE BUILDING LIMITED (REGISTERED NUMBER: 02051995)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DALE BUILDING LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2024







DIRECTOR: A.J. Dale





SECRETARY: L. Dale





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: 02051995 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

DALE BUILDING LIMITED (REGISTERED NUMBER: 02051995)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,664 10,126

CURRENT ASSETS
Stocks 1,375,000 3,951,950
Debtors 5 14,363 (2,758 )
Investments 6 639 639
Cash at bank and in hand 27,291 71,754
1,417,293 4,021,585
CREDITORS
Amounts falling due within one year 7 909,093 3,528,653
NET CURRENT ASSETS 508,200 492,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,864

503,058

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 514,764 502,958
SHAREHOLDERS' FUNDS 514,864 503,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

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





A.J. Dale - Director


DALE BUILDING LIMITED (REGISTERED NUMBER: 02051995)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Dale Building 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.

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.

Turnover
Turnover 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DALE BUILDING LIMITED (REGISTERED NUMBER: 02051995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 67,216 18,345 18,834 104,395
DEPRECIATION
At 1 April 2023 62,886 16,320 15,063 94,269
Charge for year 1,474 759 1,229 3,462
At 31 March 2024 64,360 17,079 16,292 97,731
NET BOOK VALUE
At 31 March 2024 2,856 1,266 2,542 6,664
At 31 March 2023 4,330 2,025 3,771 10,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,573 (3,208 )
Other debtors 4,790 450
14,363 (2,758 )

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 639 639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 270,511 283,189
Taxation and social security 10,456 17,991
Other creditors 628,126 3,227,473
909,093 3,528,653

DALE BUILDING LIMITED (REGISTERED NUMBER: 02051995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Loan in Other creditors 614,972 3,214,144

Other creditors includes a loan from Dunsmere Developments Limited to provide funds for the company's operations and is secured by way of a legal mortgage against the company's development site.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 502,958
Profit for the year 11,806
At 31 March 2024 514,764

11. INTEREST PAYABLE

The company has a contingent liability for interest payable on loans made to the company by its director. The director has provided support to the company on favourable commercial terms and the company has a commitment to pay interest on these borrowings, contingent on its ability to pay year by year.