1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,112 13,502 xbrli:pure xbrli:shares iso4217:GBP 04649464 2023-02-01 2024-01-31 04649464 2024-01-31 04649464 2023-01-31 04649464 2022-02-01 2023-01-31 04649464 2023-01-31 04649464 2022-01-31 04649464 core:FurnitureFittings 2023-02-01 2024-01-31 04649464 core:MotorVehicles 2023-02-01 2024-01-31 04649464 bus:RegisteredOffice 2023-02-01 2024-01-31 04649464 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 04649464 bus:Director1 2023-02-01 2024-01-31 04649464 bus:CompanySecretary1 2023-02-01 2024-01-31 04649464 core:FurnitureFittings 2023-01-31 04649464 core:MotorVehicles 2023-01-31 04649464 core:FurnitureFittings 2024-01-31 04649464 core:MotorVehicles 2024-01-31 04649464 core:AfterOneYear 2024-01-31 04649464 core:AfterOneYear 2023-01-31 04649464 core:WithinOneYear 2024-01-31 04649464 core:WithinOneYear 2023-01-31 04649464 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 04649464 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 04649464 core:RetainedEarningsAccumulatedLosses 2023-01-31 04649464 core:RetainedEarningsAccumulatedLosses 2022-01-31 04649464 core:RetainedEarningsAccumulatedLosses 2024-01-31 04649464 core:RetainedEarningsAccumulatedLosses 2023-01-31 04649464 core:ShareCapital 2024-01-31 04649464 core:ShareCapital 2023-01-31 04649464 core:FurnitureFittings 2023-01-31 04649464 core:MotorVehicles 2023-01-31 04649464 bus:SmallEntities 2023-02-01 2024-01-31 04649464 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04649464 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04649464 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04649464 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 04649464
Rick Dalton Limited
Unaudited Financial Statements
31 January 2024
Rick Dalton Limited
Financial Statements
Year Ended 31 January 2024
Contents
Page
Director's Report
1
Statement of Income and Retained Earnings
2
Statement of Financial Position
3
Notes to the Financial Statements
4
The following pages do not form part of the financial statements
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
8
Rick Dalton Limited
Director's Report
Year Ended 31 January 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 January 2024 .
Incorporation
The company was incorporated on 28th January 2003 and commenced trading on that date.
Director
The director who served the company during the year was as follows:
Mr R C Dalton
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 October 2024 and signed on behalf of the board by:
Mr R C Dalton
Mr P L Brooks
Director
Company Secretary
Registered office:
100 Sapling Road
Morris Green
Bolton
Lancashire
BL3 3QQ
Rick Dalton Limited
Statement of Income and Retained Earnings
Year Ended 31 January 2024
2024
2023
Note
£
£
Turnover
42,956
50,298
Cost of sales
8,770
15,051
--------
--------
Gross Profit
34,186
35,247
Administrative expenses
19,882
17,867
--------
--------
Operating Profit
14,304
17,380
Interest payable and similar expenses
210
210
--------
--------
Profit Before Taxation
5
14,094
17,170
Tax on profit
2,982
3,668
--------
--------
Profit for the Financial Year and Total Comprehensive Income
11,112
13,502
--------
--------
Dividends paid and payable
( 12,000)
( 14,000)
Retained Earnings at the Start of the Year
2,304
2,802
--------
--------
Retained Earnings at the End of the Year
1,416
2,304
--------
--------
All the activities of the company are from continuing operations.
Rick Dalton Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
6
4,851
6,454
Current Assets
Debtors
7
25
208
Cash at bank and in hand
2,062
4,605
-------
-------
2,087
4,813
Creditors: amounts falling due within one year
8
4,221
5,892
-------
-------
Net Current Liabilities
2,134
1,079
-------
-------
Total Assets Less Current Liabilities
2,717
5,375
Creditors: amounts falling due after more than one year
9
1,300
3,070
-------
-------
Net Assets
1,417
2,305
-------
-------
Capital and Reserves
Called up share capital
1
1
Profit and loss account
1,416
2,304
-------
-------
Shareholders Funds
1,417
2,305
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 January 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 October 2024 , and are signed on behalf of the board by:
Mr R C Dalton
Director
Company registration number: 04649464
Rick Dalton Limited
Notes to the Financial Statements
Year Ended 31 January 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 100 Sapling Road, Morris Green, Bolton, Lancashire, BL3 3QQ.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Profit Before Taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
1,603
2,135
-------
-------
6. Tangible Assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 February 2023 and 31 January 2024
908
20,074
20,982
----
--------
--------
Depreciation
At 1 February 2023
805
13,723
14,528
Charge for the year
15
1,588
1,603
----
--------
--------
At 31 January 2024
820
15,311
16,131
----
--------
--------
Carrying amount
At 31 January 2024
88
4,763
4,851
----
--------
--------
At 31 January 2023
103
6,351
6,454
----
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
25
208
----
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,983
3,668
Social security and other taxes
112
Other creditors
1,126
2,224
-------
-------
4,221
5,892
-------
-------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,300
3,070
-------
-------
10. Related Party Transactions
During the year, a dividend of £12,000 was voted to the Director (2023 £12,000)
Rick Dalton Limited
Management Information
Year Ended 31 January 2024
The following pages do not form part of the financial statements.
Rick Dalton Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Rick Dalton Limited
Year Ended 31 January 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 January 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
STEVE ASTBURY LTD Chartered accountants
Within Body Matters Gym Hooley Bridge Mill Bamford Road Heywood OL10 4AG
17 October 2024