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Registered number: 01879259
Cyril Dark & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01879259
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 535,569 573,853
535,569 573,853
CURRENT ASSETS
Stocks 5 72,166 93,507
Debtors 6 88,575 61,743
Cash at bank and in hand 88,401 107,294
249,142 262,544
Creditors: Amounts Falling Due Within One Year 7 (127,226 ) (104,727 )
NET CURRENT ASSETS (LIABILITIES) 121,916 157,817
TOTAL ASSETS LESS CURRENT LIABILITIES 657,485 731,670
Creditors: Amounts Falling Due After More Than One Year 8 (70,054 ) (110,419 )
NET ASSETS 587,431 621,251
CAPITAL AND RESERVES
Called up share capital 10 1,560 1,560
Profit and Loss Account 585,871 619,691
SHAREHOLDERS' FUNDS 587,431 621,251
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Dark
Director
Mrs Gaynor Dark
Director
13 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cyril Dark & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01879259 . The registered office is Victoria House, 73 Netham Road, Bristol, BS5 9PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Other tangibles 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.  Net realisable value is based on selling price less anticipated selling costs.
2.6. Taxation
The Corporation Tax expense represents the sum of the tax currently payable, based on the taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of employees, including directors, during the year was: 11 (2023: 9)
11 9
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 679,416 22,895 130,773 19,420
Additions - - - 520
Disposals - - (30,500 ) -
As at 31 March 2024 679,416 22,895 100,273 19,940
Depreciation
As at 1 April 2023 165,321 22,895 77,196 18,239
Provided during the period 13,588 - 19,790 426
Disposals - - (30,500 ) -
As at 31 March 2024 178,909 22,895 66,486 18,665
Net Book Value
As at 31 March 2024 500,507 - 33,787 1,275
As at 1 April 2023 514,095 - 53,577 1,181
Other tangibles Total
£ £
Cost
As at 1 April 2023 20,000 872,504
Additions - 520
Disposals - (30,500 )
As at 31 March 2024 20,000 842,524
Depreciation
As at 1 April 2023 15,000 298,651
Provided during the period 5,000 38,804
Disposals - (30,500 )
As at 31 March 2024 20,000 306,955
Net Book Value
As at 31 March 2024 - 535,569
As at 1 April 2023 5,000 573,853
5. Stocks
2024 2023
£ £
Stock 72,166 93,507
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 67,027 34,295
Other debtors 21,548 27,448
88,575 61,743
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,827 3,827
Trade creditors 42,162 39,263
Bank loans and overdrafts 35,810 35,081
Corporation tax 15,319 (3,066 )
Other taxes and social security 5,991 4,879
VAT 21,729 22,743
Accruals and deferred income 2,388 2,000
127,226 104,727
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,742 9,569
Bank loans 64,312 100,850
70,054 110,419
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,827 3,827
Later than one year and not later than five years 5,742 9,569
9,569 13,396
9,569 13,396
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,560 1,560
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 50,000 45,000
Page 5