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REGISTERED NUMBER: 02096726 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DALESMAN (NEWCASTLE) LIMITED

DALESMAN (NEWCASTLE) LIMITED (REGISTERED NUMBER: 02096726)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALESMAN (NEWCASTLE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Ian Thomas Rhodes
James Leighton Rhodes





REGISTERED OFFICE: Dalesman House
Chase Way
Bradford
West Yorkshire
BD5 8HW





REGISTERED NUMBER: 02096726 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

DALESMAN (NEWCASTLE) LIMITED (REGISTERED NUMBER: 02096726)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,979 60,624

CURRENT ASSETS
Stocks 123,133 136,249
Debtors 5 1,144,649 1,015,010
Cash at bank 20,068 36,669
1,287,850 1,187,928
CREDITORS
Amounts falling due within one year 6 202,497 177,837
NET CURRENT ASSETS 1,085,353 1,010,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149,332

1,070,715

CREDITORS
Amounts falling due after more than
one year

7

(4,933

)

(10,779

)

PROVISIONS FOR LIABILITIES (15,995 ) (11,155 )
NET ASSETS 1,128,404 1,048,781

CAPITAL AND RESERVES
Called up share capital 197,500 197,500
Share premium 5,000 5,000
Capital redemption reserve 28,000 28,000
Profit and loss account 897,904 818,281
1,128,404 1,048,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DALESMAN (NEWCASTLE) LIMITED (REGISTERED NUMBER: 02096726)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





James Leighton Rhodes - Director


DALESMAN (NEWCASTLE) LIMITED (REGISTERED NUMBER: 02096726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Dalesman (Newcastle) Limited 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer Equipment - 20% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, 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 Profit and Loss Account, 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.

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.

DALESMAN (NEWCASTLE) LIMITED (REGISTERED NUMBER: 02096726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 121,417 4,134 138,086 31,108 294,745
Additions 5,072 18,285 - 5,752 29,109
Disposals - - (44,939 ) - (44,939 )
At 31 May 2024 126,489 22,419 93,147 36,860 278,915
DEPRECIATION
At 1 June 2023 121,310 4,134 83,535 25,142 234,121
Charge for year 502 1,828 11,305 2,787 16,422
Eliminated on disposal - - (35,607 ) - (35,607 )
At 31 May 2024 121,812 5,962 59,233 27,929 214,936
NET BOOK VALUE
At 31 May 2024 4,677 16,457 33,914 8,931 63,979
At 31 May 2023 107 - 54,551 5,966 60,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 215,438 159,220
Amounts owed by associates 168,733 97,705
Other debtors 760,478 758,085
1,144,649 1,015,010

DALESMAN (NEWCASTLE) LIMITED (REGISTERED NUMBER: 02096726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,088 15,270
Trade creditors 158,005 126,626
Amounts owed to associates 9,643 5,350
Taxation and social security (2,568 ) 5,332
Other creditors 26,329 25,259
202,497 177,837

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,933 10,779

8. PENSION COMMITMENTS

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £10,223 (2023: £9,371).Contributions totalling £203 (2023: £Nil) were payable to the plan at the year end and are included in creditors.

9. RELATED PARTY DISCLOSURES

Included in debtors due within one year was an interest free loan of £875,657 (2023: £799,934) due from companies in which the directors have an interest.

Included in creditors due within one year was an interest free loan of £9,643 (2023: £5,350) due to a company in which the directors have an interest.