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REGISTERED NUMBER: 07956259 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DALESMAN (LOTHIAN) LIMITED

DALESMAN (LOTHIAN) LIMITED (REGISTERED NUMBER: 07956259)






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 (LOTHIAN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Charlotte Marie Carter
James Leighton Rhodes
Ian Thomas Rhodes





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





REGISTERED NUMBER: 07956259 (England and Wales)





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

DALESMAN (LOTHIAN) LIMITED (REGISTERED NUMBER: 07956259)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,361 3,406

CURRENT ASSETS
Stocks 11,308 43,922
Debtors 5 412,901 245,481
Cash at bank 29,048 27,149
453,257 316,552
CREDITORS
Amounts falling due within one year 6 203,631 85,201
NET CURRENT ASSETS 249,626 231,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,987

234,757

CREDITORS
Amounts falling due after more than
one year

7

19,114

-
NET ASSETS 260,873 234,757

CAPITAL AND RESERVES
Called up share capital 200 200
Profit and loss account 260,673 234,557
260,873 234,757

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 (LOTHIAN) LIMITED (REGISTERED NUMBER: 07956259)

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 15 January 2025 and were signed on its behalf by:





James Leighton Rhodes - Director


DALESMAN (LOTHIAN) LIMITED (REGISTERED NUMBER: 07956259)

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

1. STATUTORY INFORMATION

Dalesman (Lothian) 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 - 33% on cost
Motor vehicles - 25% on reducing balance

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.

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.

DALESMAN (LOTHIAN) LIMITED (REGISTERED NUMBER: 07956259)

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

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 1,069 21,484 22,553
Additions 925 28,727 29,652
At 31 May 2024 1,994 50,211 52,205
DEPRECIATION
At 1 June 2023 850 18,297 19,147
Charge for year 104 2,593 2,697
At 31 May 2024 954 20,890 21,844
NET BOOK VALUE
At 31 May 2024 1,040 29,321 30,361
At 31 May 2023 219 3,187 3,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,884 74,079
Amounts owed by associates 6,846 4,004
Other debtors 287,171 167,398
412,901 245,481

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,717 -
Trade creditors 86,849 596
Amounts owed to associates 95,915 63,074
Taxation and social security 9,930 16,498
Other creditors 5,220 5,033
203,631 85,201

DALESMAN (LOTHIAN) LIMITED (REGISTERED NUMBER: 07956259)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,114 -

8. PENSION COMMITMENTS

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £2,856 (2023: £2,843).Contributions totalling £65 (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 £293,561 (2023: £169,759) due from companies in which the directors have an interest.

Included in creditors due within one year was an interest free loan of £95,915 (2023: £63,074) due to companies in which the directors have an interest.