138 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 131,635 13,404 145,039 63,133 15,166 78,299 66,740 68,502 100,000 100,000 100,000 xbrli:pure xbrli:shares iso4217:GBP 08733060 2022-11-01 2023-10-31 08733060 2023-10-31 08733060 2022-10-31 08733060 2021-11-01 2022-10-31 08733060 2022-10-31 08733060 2021-10-31 08733060 core:PlantMachinery 2022-11-01 2023-10-31 08733060 bus:Director1 2022-11-01 2023-10-31 08733060 core:WithinOneYear 2023-10-31 08733060 core:WithinOneYear 2022-10-31 08733060 core:PlantMachinery 2022-10-31 08733060 core:PlantMachinery 2023-10-31 08733060 core:ShareCapital 2023-10-31 08733060 core:ShareCapital 2022-10-31 08733060 core:RetainedEarningsAccumulatedLosses 2023-10-31 08733060 core:RetainedEarningsAccumulatedLosses 2022-10-31 08733060 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 08733060 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 08733060 core:Non-currentFinancialInstruments 2023-10-31 08733060 core:PlantMachinery 2022-10-31 08733060 bus:Director1 2022-10-31 08733060 bus:Director1 2023-10-31 08733060 bus:Director1 2021-10-31 08733060 bus:Director1 2022-10-31 08733060 bus:Director1 2021-11-01 2022-10-31 08733060 bus:SmallEntities 2022-11-01 2023-10-31 08733060 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08733060 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08733060 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08733060 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 08733060
DIALON LIMITED
Filleted Unaudited Financial Statements
31 October 2023
DIALON LIMITED
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
66,740
68,502
Investments
6
100,000
---------
--------
166,740
68,502
Current assets
Stocks
27,500
18,850
Debtors
7
420,916
390,922
Cash at bank and in hand
407,621
483,556
---------
---------
856,037
893,328
Creditors: amounts falling due within one year
8
298,486
287,769
---------
---------
Net current assets
557,551
605,559
---------
---------
Total assets less current liabilities
724,291
674,061
---------
---------
Net assets
724,291
674,061
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
724,191
673,961
---------
---------
Shareholders funds
724,291
674,061
---------
---------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 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 .
DIALON LIMITED
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 28 October 2024 , and are signed on behalf of the board by:
SRI DAYALAN
Director
Company registration number: 08733060
DIALON LIMITED
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 180 London Road, Romford, Essex, RM7 9EU.
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:
Plant and machinery
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 138 (2022: 146 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 November 2022
131,635
131,635
Additions
13,404
13,404
---------
---------
At 31 October 2023
145,039
145,039
---------
---------
Depreciation
At 1 November 2022
63,133
63,133
Charge for the year
15,166
15,166
---------
---------
At 31 October 2023
78,299
78,299
---------
---------
Carrying amount
At 31 October 2023
66,740
66,740
---------
---------
At 31 October 2022
68,502
68,502
---------
---------
6. Investments
Other investments other than loans
£
Cost
At 1 November 2022
Additions
100,000
---------
At 31 October 2023
100,000
---------
Impairment
At 1 November 2022 and 31 October 2023
---------
Carrying amount
At 31 October 2023
100,000
---------
At 31 October 2022
---------
7. Debtors
2023
2022
£
£
Trade debtors
7,901
17,225
Prepayments and accrued income
63,015
23,697
Other debtors
350,000
350,000
---------
---------
420,916
390,922
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
23,024
23,543
Accruals and deferred income
5,950
5,263
Corporation tax
29,846
36,440
Social security and other taxes
116,852
111,729
Director loan accounts
27,587
27,051
Other creditors
95,227
83,743
---------
---------
298,486
287,769
---------
---------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
SRI DAYALAN
( 27,051)
( 536)
( 27,587)
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
SRI DAYALAN
( 46,011)
18,960
( 27,051)
--------
--------
--------