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Registered number: 04588157

Richard Dale Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Richard Dale Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Richard Dale
SECRETARY
Julie Dale
REGISTERED OFFICE
Bilsby Lodge
Back Lane
Bilsby
Alford
LN13 9PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04588157
BANKERS
Lloyds Bank plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Richard Dale Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Richard Dale Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets24,7725,434
CURRENT ASSETS
Stock439,885429,399
Debtors432,21332,464
Cash at bank and in hand37,38922,999
509,487484,862
CREDITORS: Amounts falling due within one year5399,487386,672
NET CURRENT ASSETS110,00098,190
TOTAL ASSETS LESS CURRENT LIABILITIES114,772103,624
PROVISIONS FOR LIABILITIES AND CHARGES79071,032
NET ASSETS113,865102,592
CAPITAL AND RESERVES
Called up share capital833
Profit and loss account113,862102,589
SHAREHOLDERS' FUNDS113,865102,592
For the year ending 30/04/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/09/2024 and signed on their behalf by
.............................
Richard Dale
Director

Richard Dale Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Richard Dale Limited

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/05/202344,5391,46946,008
Additions1,086-1,086
Disposals(7,960)-(7,960)
At 30/04/202437,6651,46939,134
Depreciation
At 01/05/202339,3751,19940,574
Disposals(7,803)-(7,803)
For the year1,523681,591
At 30/04/202433,0951,26734,362
Net Book Amounts
At 30/04/20244,5702024,772
At 30/04/20235,1642705,434
3. STOCK 20242023
££
Stock comprises:
Work in progress439,885429,399
439,885429,399
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors30,53830,617
Prepayments1,6751,847
32,21332,464

Richard Dale Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax15,3819,143
VAT308,875
PAYE control1,2422,510
Salaries and wages control535488
Nest Pension control118117
Directors current account355,953358,767
Trade creditors25,0065,594
Accruals1,2221,178
399,487386,672
6. EMPLOYEES
20242023
No.No.
Average number of employees33
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation9071,032
9071,032
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33