Dial South West Limited 04920004 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is commercial cleaning services. Digita Accounts Production Advanced 6.30.9574.0 true 04920004 2023-11-01 2024-10-31 04920004 2024-10-31 04920004 core:RetainedEarningsAccumulatedLosses 2024-10-31 04920004 core:ShareCapital 2024-10-31 04920004 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 04920004 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 04920004 core:CurrentFinancialInstruments 2024-10-31 04920004 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04920004 core:Non-currentFinancialInstruments 2024-10-31 04920004 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 04920004 core:Goodwill 2024-10-31 04920004 core:FurnitureFittingsToolsEquipment 2024-10-31 04920004 core:LandBuildings 2024-10-31 04920004 core:MotorVehicles 2024-10-31 04920004 core:OtherPropertyPlantEquipment 2024-10-31 04920004 bus:SmallEntities 2023-11-01 2024-10-31 04920004 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04920004 bus:FullAccounts 2023-11-01 2024-10-31 04920004 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04920004 bus:RegisteredOffice 2023-11-01 2024-10-31 04920004 bus:Director4 2023-11-01 2024-10-31 04920004 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04920004 core:Goodwill 2023-11-01 2024-10-31 04920004 core:LicencesFranchises 2023-11-01 2024-10-31 04920004 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 04920004 core:LandBuildings 2023-11-01 2024-10-31 04920004 core:LeaseholdImprovements 2023-11-01 2024-10-31 04920004 core:MotorVehicles 2023-11-01 2024-10-31 04920004 core:OfficeEquipment 2023-11-01 2024-10-31 04920004 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 04920004 core:PlantMachinery 2023-11-01 2024-10-31 04920004 countries:EnglandWales 2023-11-01 2024-10-31 04920004 2023-10-31 04920004 core:Goodwill 2023-10-31 04920004 core:FurnitureFittingsToolsEquipment 2023-10-31 04920004 core:LandBuildings 2023-10-31 04920004 core:MotorVehicles 2023-10-31 04920004 core:OtherPropertyPlantEquipment 2023-10-31 04920004 2022-11-01 2023-10-31 04920004 2023-10-31 04920004 core:RetainedEarningsAccumulatedLosses 2023-10-31 04920004 core:ShareCapital 2023-10-31 04920004 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 04920004 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 04920004 core:CurrentFinancialInstruments 2023-10-31 04920004 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04920004 core:Non-currentFinancialInstruments 2023-10-31 04920004 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 04920004 core:Goodwill 2023-10-31 04920004 core:FurnitureFittingsToolsEquipment 2023-10-31 04920004 core:LandBuildings 2023-10-31 04920004 core:MotorVehicles 2023-10-31 04920004 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 04920004

Dial South West Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Dial South West Limited
(Registration number: 04920004)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Dial South West Limited
(Registration number: 04920004)

Company Information

Director

Mr G W Evans

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Dial South West Limited
(Registration number: 04920004)

Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

23,308

25,233

Tangible assets

5

132,272

151,656

 

155,580

176,889

Current assets

 

Stocks

6

4,280

6,289

Debtors

7

779,638

841,775

Cash at bank and in hand

 

213,938

187,339

 

997,856

1,035,403

Creditors: Amounts falling due within one year

8

(594,811)

(584,927)

Net current assets

 

403,045

450,476

Total assets less current liabilities

 

558,625

627,365

Creditors: Amounts falling due after more than one year

8

(71,736)

(102,697)

Provisions for liabilities

(33,068)

(37,911)

Net assets

 

453,821

486,757

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

453,721

486,657

Total equity

 

453,821

486,757

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Dial South West Limited
(Registration number: 04920004)

Balance Sheet as at 31 October 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 March 2025
 

.........................................
Mr G W Evans
Director

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

The principal place of business is:
Unit 5 Sabre Buildings
Sabre Close
Heathfield Industrial Estate
Newton Abbot
Devon
TQ12 6TW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Office Equipment

20% Straight line

Leasehold Improvements

10% straight line

Motor Vehicles

25% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 20 years

Licence

Over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 169 (2023 - 168).

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Goodwill & licence
£

Total
£

Cost or valuation

At 1 November 2023

261,100

261,100

At 31 October 2024

261,100

261,100

Amortisation

At 1 November 2023

235,867

235,867

Amortisation charge

1,925

1,925

At 31 October 2024

237,792

237,792

Carrying amount

At 31 October 2024

23,308

23,308

At 31 October 2023

25,233

25,233

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 November 2023

23,335

232,455

73,785

75,442

405,017

Additions

480

3,128

20,950

10,587

35,145

Disposals

-

(10,590)

(9,455)

(23,521)

(43,566)

At 31 October 2024

23,815

224,993

85,280

62,508

396,596

Depreciation

At 1 November 2023

4,838

123,515

68,462

56,546

253,361

Charge for the year

2,280

38,857

5,323

7,344

53,804

Eliminated on disposal

-

(9,855)

(9,455)

(23,531)

(42,841)

At 31 October 2024

7,118

152,517

64,330

40,359

264,324

Carrying amount

At 31 October 2024

16,697

72,476

20,950

22,149

132,272

At 31 October 2023

18,497

108,940

5,323

18,896

151,656

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Stocks

2024
£

2023
£

Other stocks

4,280

6,289

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

271,843

296,144

Amounts owed by group undertakings and undertakings in which the company has a participating interest

470,972

513,958

Prepayments and accrued income

 

36,823

31,673

Total current trade and other debtors

 

779,638

841,775

8

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

50,851

53,730

Trade creditors

 

42,784

33,111

Taxation and social security

 

160,637

169,102

Other creditors

 

140,900

129,605

Accrued expenses

 

64,277

44,860

Deferred income

 

135,362

154,519

 

594,811

584,927

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

71,736

102,697

 

Dial South West Limited
(Registration number: 04920004)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

45,455

45,454

Hire purchase contracts

4,972

4,484

Other borrowings

424

3,792

50,851

53,730

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

56,818

102,273

Hire purchase contracts

14,918

-

Other borrowings

-

424

71,736

102,697