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REGISTERED NUMBER: 08584002 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

D TEAL & SON LIMITED

D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D TEAL & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: D Teal (Senior)
D Teal (Junior)





REGISTERED OFFICE: Kell Farm
Wainstalls
Halifax
West Yorkshire
HX2 7TE





REGISTERED NUMBER: 08584002 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 690,287 618,855

CURRENT ASSETS
Stocks 11,250 13,996
Debtors 5 180,609 69,147
Cash at bank 116,226 231,099
308,085 314,242
CREDITORS
Amounts falling due within one year 6 222,791 218,404
NET CURRENT ASSETS 85,294 95,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,581

714,693

CREDITORS
Amounts falling due after more than
one year

7

(255,389

)

(204,252

)

PROVISIONS FOR LIABILITIES (88,828 ) (71,612 )
NET ASSETS 431,364 438,829

D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)

BALANCE SHEET - continued
31ST JULY 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 431,264 438,729
SHAREHOLDERS' FUNDS 431,364 438,829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:




D Teal (Senior) - Director



D Teal (Junior) - Director


D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

D Teal & Son 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.

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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% 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 Income Statement, 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.

D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st August 2023 96,371 97,490 -
Additions - 26,200 2,460
Disposals - - -
At 31st July 2024 96,371 123,690 2,460
DEPRECIATION
At 1st August 2023 5,781 51,829 -
Charge for year 1,927 9,549 21
Eliminated on disposal - - -
At 31st July 2024 7,708 61,378 21
NET BOOK VALUE
At 31st July 2024 88,663 62,312 2,439
At 31st July 2023 90,590 45,661 -

D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st August 2023 818,367 2,073 1,014,301
Additions 244,144 974 273,778
Disposals (28,909 ) - (28,909 )
At 31st July 2024 1,033,602 3,047 1,259,170
DEPRECIATION
At 1st August 2023 335,933 1,903 395,446
Charge for year 187,319 367 199,183
Eliminated on disposal (25,746 ) - (25,746 )
At 31st July 2024 497,506 2,270 568,883
NET BOOK VALUE
At 31st July 2024 536,096 777 690,287
At 31st July 2023 482,434 170 618,855

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st August 2023 443,294
Additions 244,144
At 31st July 2024 687,438
DEPRECIATION
At 1st August 2023 95,337
Charge for year 141,470
At 31st July 2024 236,807
NET BOOK VALUE
At 31st July 2024 450,631
At 31st July 2023 347,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 176,353 65,181
Prepayments and accrued income 4,256 3,966
180,609 69,147

D TEAL & SON LIMITED (REGISTERED NUMBER: 08584002)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 96,673 66,207
Trade creditors 12,691 21,532
Tax 202 52
Social security and other taxes 3,862 507
VAT 33,182 46,776
Other creditors 365 390
Directors' current accounts 71,489 78,910
Accrued expenses 4,327 4,030
222,791 218,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 255,389 204,252

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 352,062 270,459

Assets under hire purchase are secured against the asset to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100