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REGISTERED NUMBER: 08972210 (England and Wales)












DALESIDE WELDING LTD

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






DALESIDE WELDING LTD (REGISTERED NUMBER: 08972210)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DALESIDE WELDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Director: Mr K R Woodhouse



Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Business address: Lane Side Works
Wandales Lane
Kirkby Lonsdale
CARNFORTH
LA6 2JN



Registered number: 08972210 (England and Wales)



Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: Yorkshire Bank Plc
7 Stricklandgate
KENDAL
LA9 4NB

DALESIDE WELDING LTD (REGISTERED NUMBER: 08972210)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 4,167 14,167
Tangible assets 5 151,062 146,630
155,229 160,797

Current assets
Stocks 74,387 74,873
Debtors 223,338 214,645
Prepayments and accrued income 4,576 11,237
Cash at bank - 30,217
302,301 330,972
Creditors
Amounts falling due within one year 109,209 142,074
Net current assets 193,092 188,898
Total assets less current liabilities 348,321 349,695

Creditors
Amounts falling due after more than one
year

(37,119

)

(28,190

)

Provisions for liabilities (25,062 ) (31,121 )

Accruals and deferred income (5,399 ) (7,164 )
Net assets 280,741 283,220

Capital and reserves
Called up share capital 100 100
Retained earnings 280,641 283,120
280,741 283,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DALESIDE WELDING LTD (REGISTERED NUMBER: 08972210)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





Mr K R Woodhouse - Director


DALESIDE WELDING LTD (REGISTERED NUMBER: 08972210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Daleside Welding Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Building improvements - 10% Straight line
Plant and machinery etc - 25% Reducing balance, 25% on cost and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DALESIDE WELDING LTD (REGISTERED NUMBER: 08972210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 11 ) .

4. Intangible fixed assets
Totals
£   
Cost
At 1 May 2023
and 30 April 2024 100,000
Amortisation
At 1 May 2023 85,833
Amortisation for year 10,000
At 30 April 2024 95,833
Net book value

At 30 April 2024 4,167
At 30 April 2023 14,167

DALESIDE WELDING LTD (REGISTERED NUMBER: 08972210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. Tangible fixed assets
Totals
£   
Cost
At 1 May 2023 424,936
Additions 51,969
Disposals (35,377 )
At 30 April 2024 441,528
Depreciation
At 1 May 2023 278,306
Charge for year 36,409
Eliminated on disposal (24,249 )
At 30 April 2024 290,466
Net book value
At 30 April 2024 151,062
At 30 April 2023 146,630