Registered number
08952410
DAL Finance Ltd
Filleted Accounts
31 March 2024
DAL Finance Ltd
Registered number: 08952410
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,855 7,709
Investments 4 515,595 480,598
519,450 488,307
Current assets
Debtors 5 639 445
Cash at bank and in hand 809,044 706,106
809,683 706,551
Creditors: amounts falling due within one year 6 (40,659) (10,839)
Net current assets 769,024 695,712
Total assets less current liabilities 1,288,474 1,184,019
Creditors: amounts falling due after more than one year 7 (2,938) (3,126)
Net assets 1,285,536 1,180,893
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,285,436 1,180,793
Shareholders' funds 1,285,536 1,180,893
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H B J Stone
Director
Approved by the board on 18 November 2024
DAL Finance Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 8,373 15,417 23,790
At 31 March 2024 8,373 15,417 23,790
Depreciation
At 1 April 2023 8,373 7,708 16,081
Charge for the year - 3,854 3,854
At 31 March 2024 8,373 11,562 19,935
Net book value
At 31 March 2024 - 3,855 3,855
At 31 March 2023 - 7,709 7,709
4 Investments
Other
investments
£
Cost
At 1 April 2023 480,598
Additions 105,000
Disposals (70,003)
At 31 March 2024 515,595
5 Debtors 2024 2023
£ £
Trade debtors 639 333
Other debtors - 112
639 445
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 38,565 10,586
Other creditors 2,094 253
40,659 10,839
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 2,938 3,126
8 Other information
DAL Finance Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Trinity Barn
Somerton
Somerset
TA11 6DG
DAL Finance Ltd 08952410 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr H B J Stone No description of principal activity 08952410 2022-04-01 2023-03-31 08952410 core:WithinOneYear 2023-03-31 08952410 core:AfterOneYear 2023-03-31 08952410 core:ShareCapital 2023-03-31 08952410 core:RetainedEarningsAccumulatedLosses 2023-03-31 08952410 2023-04-01 2024-03-31 08952410 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08952410 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08952410 bus:Director40 2023-04-01 2024-03-31 08952410 1 2023-04-01 2024-03-31 08952410 2 2023-04-01 2024-03-31 08952410 core:PlantMachinery 2023-04-01 2024-03-31 08952410 core:Vehicles 2023-04-01 2024-03-31 08952410 countries:England 2023-04-01 2024-03-31 08952410 bus:FRS102 2023-04-01 2024-03-31 08952410 bus:FilletedAccounts 2023-04-01 2024-03-31 08952410 2024-03-31 08952410 core:WithinOneYear 2024-03-31 08952410 core:AfterOneYear 2024-03-31 08952410 core:ShareCapital 2024-03-31 08952410 core:RetainedEarningsAccumulatedLosses 2024-03-31 08952410 core:PlantMachinery 2024-03-31 08952410 core:Vehicles 2024-03-31 08952410 core:AdditionsToInvestments 2024-03-31 08952410 core:DisposalsRepaymentsInvestments 2024-03-31 08952410 2023-03-31 08952410 core:PlantMachinery 2023-03-31 08952410 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure