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Registration number: 08061226

Richard M Dale Associates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 May 2024

 

Richard M Dale Associates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Richard M Dale Associates Limited

Company Information

Director

Mr Richard Dale

Registered office

70 Tanhouse Drive
Winstanley
Wigan
WN3 6JP

Accountants

McGinty Demack
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

 

Richard M Dale Associates Limited

(Registration number: 08061226)
Balance Sheet as at 30 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

3,249

Other financial assets

5

6

6

 

6

3,255

Current assets

 

Debtors

6

3,510

10,178

Cash at bank and in hand

 

7,178

7,037

 

10,688

17,215

Creditors: Amounts falling due within one year

7

(10,688)

(1,785)

Net current assets

 

-

15,430

Net assets

 

6

18,685

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

5

18,684

Shareholders' funds

 

6

18,685

For the financial year ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Richard M Dale Associates Limited

(Registration number: 08061226)
Balance Sheet as at 30 May 2024

Approved and authorised by the director on 28 August 2024
 

.........................................
Mr Richard Dale
Director

 

Richard M Dale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

1

General information

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

The address of its registered office is:
70 Tanhouse Drive
Winstanley
Wigan
WN3 6JP

The principal place of business is:
70 Tanhouse Drive
Winstanley
Wigan
WN3 6JP

These financial statements were authorised for issue by the director on 28 August 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

 

Richard M Dale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Richard M Dale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Richard M Dale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 31 May 2023

12,658

12,658

Disposals

(12,658)

(12,658)

At 30 May 2024

-

-

Depreciation

At 31 May 2023

9,409

9,409

Eliminated on disposal

(9,409)

(9,409)

At 30 May 2024

-

-

Carrying amount

At 30 May 2024

-

-

At 30 May 2023

3,249

3,249

5

Other financial assets (current and non-current)

Financial assets at amortised cost
£

Total
£

Non-current financial assets

Cost or valuation

Impairment

Transfers

(6)

(6)

At 30 May 2024

(6)

(6)

Carrying amount

At 30 May 2024

6

6

 

Richard M Dale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

3,510

10,178

 

3,510

10,178

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,280

1,140

Other creditors

9,408

645

10,688

1,785

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 Share of £1 each

1

1

1

1