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Registration number: 08133674

Dalton Safety Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Dalton Safety Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Dalton Safety Limited

Company Information

Director

Mr Michael David Dalton

Registered office

HGR Accountants Ltd
3 Linden Road
Cheadle Hulme
Stockport
Cheshire
SK8 5NB

Accountants

HGR Accountants Limited
Chartered Tax Advisers & Accountants3 Linden Road
Cheadle Hulme
Cheshire
SK8 5NB

 

Dalton Safety Limited

(Registration number: 08133674)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,561

8,536

Current assets

 

Stocks

5

168,175

145,392

Debtors

6

194,725

219,450

Cash at bank and in hand

 

75,435

50,804

 

438,335

415,646

Creditors: Amounts falling due within one year

7

(298,460)

(273,711)

Net current assets

 

139,875

141,935

Total assets less current liabilities

 

144,436

150,471

Creditors: Amounts falling due after more than one year

7

(16,459)

(36,623)

Net assets

 

127,977

113,848

Capital and reserves

 

Called up share capital

8

110

110

Retained earnings

127,867

113,738

Shareholders' funds

 

127,977

113,848

For the financial year ending 31 July 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2025
 

 

Dalton Safety Limited

(Registration number: 08133674)
Balance Sheet as at 31 July 2024

.........................................
Mr Michael David Dalton
Director

 

Dalton Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
HGR Accountants Ltd
3 Linden Road
Cheadle Hulme
Stockport
Cheshire
SK8 5NB

The principal place of business is:
Unit 5, Anglo Business Park
Aylesbury
Bucks
HP19 8UP

These financial statements were authorised for issue by the director on 16 April 2025.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Dalton Safety Limited

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

Tax

The tax expense for the period comprises current 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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Office equipment

3 year straight line

Short Leasehold

5 year straight line

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.

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

 

Dalton Safety Limited

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

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 5).

 

Dalton Safety Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

4,203

29,831

34,034

Additions

-

2,377

2,377

At 31 July 2024

4,203

32,208

36,411

Depreciation

At 1 August 2023

1,681

23,817

25,498

Charge for the year

841

5,511

6,352

At 31 July 2024

2,522

29,328

31,850

Carrying amount

At 31 July 2024

1,681

2,880

4,561

At 31 July 2023

2,522

6,014

8,536

Included within the net book value of land and buildings above is £1,681 (2023 - £2,522) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

168,175

145,392

6

Debtors

Current

2024
£

2023
£

Trade debtors

148,252

168,022

Prepayments

11,315

18,623

Other debtors

35,158

32,805

 

194,725

219,450

 

Dalton Safety Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

74,322

87,772

Trade creditors

 

165,862

131,016

Taxation and social security

 

44,202

43,786

Accruals and deferred income

 

9,728

6,980

Other creditors

 

4,346

4,157

 

298,460

273,711

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

16,459

36,623

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

Ordinary B of £1 each

10

10

10

10

110

110

110

110

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

16,459

36,623

Current loans and borrowings

 

Dalton Safety Limited

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

2024
£

2023
£

Bank borrowings

10,000

-

Bank overdrafts

2,378

-

Other borrowings

61,944

87,772

74,322

87,772

Bank borrowings

Covid Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 28 February 2027. The carrying amount at year end is £26,459 (2023 - £36,623).

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Later than one year and not later than five years

117,333

161,333

The amount of non-cancellable operating lease payments recognised as an expense during the year was £44,000 (2023 - £44,000).

11

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £4,400.00) per ordinary share

-

4,400