Company registration number:
08805058
Dalesway Construction Limited
Unaudited filleted financial statements
31 March 2025
Dalesway Construction Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Dalesway Construction Limited
Directors and other information
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Directors |
Mr J S Macrae |
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Company number |
08805058 |
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Registered office |
9 Gainsborough Court |
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Skipton |
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North Yorkshire |
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BD23 1QG |
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Business address |
9 Gainsborough Court |
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Skipton |
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North Yorkshire |
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BD23 1QG |
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Accountants |
Windle & Bowker Limited |
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Croft House |
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Station Road |
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Barnoldswick |
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Lancashire |
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BB18 5NA |
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Dalesway Construction Limited
Statement of financial position
31 March 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
69,263 |
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69,343 |
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_______ |
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_______ |
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69,263 |
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69,343 |
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Current assets |
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Debtors |
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6 |
53,809 |
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54,047 |
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Cash at bank and in hand |
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64 |
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532 |
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_______ |
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_______ |
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53,873 |
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54,579 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
160,452) |
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(
160,452) |
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_______ |
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_______ |
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Net current liabilities |
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(
106,579) |
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(
105,873) |
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_______ |
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_______ |
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Total assets less current liabilities |
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(
37,316) |
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(
36,530) |
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_______ |
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_______ |
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Net liabilities |
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(
37,316) |
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(
36,530) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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200 |
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200 |
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Profit and loss account |
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(
37,516) |
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(
36,730) |
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_______ |
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Shareholders deficit |
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(
37,316) |
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(
36,530) |
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_______ |
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_______ |
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 April 2025
, and are signed on behalf of the board by:
Mr J S Macrae
Director
Company registration number:
08805058
Dalesway Construction Limited
Notes to the financial statements
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 9 Gainsborough Court, Skipton, North Yorkshire, BD23 1QG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have given their assurances that their respective directors loan account balances will not be withdrawn from the company, should it prejudice the payment of other creditors.
Turnover
Turnover comprises gross rental income receivable during the year, exclusive of Value Added Tax.Turnover is recognised in the income statement for the period to which it relates.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Freehold property |
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Straight line over 15 years |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
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5.
Tangible assets
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Freehold property |
Investment |
Total |
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£ |
£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
1,200 |
99,292 |
100,492 |
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Depreciation |
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At 1 April 2024 |
680 |
30,469 |
31,149 |
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Charge for the year |
80 |
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80 |
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At 31 March 2025 |
760 |
30,469 |
31,229 |
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Carrying amount |
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At 31 March 2025 |
440 |
68,823 |
69,263 |
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At 31 March 2024 |
520 |
68,823 |
69,343 |
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Investment property
The investment property was valued by Westlake & Co, Chartered Surveyors on 17 July 2017.The directors consider that this valuation is still appropriate at 31 March 2025.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
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Investment |
Total |
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£ |
£ |
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At 31 March 2025 |
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Aggregate cost |
992,911 |
992,911 |
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Aggregate depreciation |
(30,469) |
(30,469) |
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_______ |
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Carrying amount |
962,442 |
962,442 |
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_______ |
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At 31 March 2024 |
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Aggregate cost |
99,292 |
99,292 |
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Aggregate depreciation |
(30,469) |
(30,469) |
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_______ |
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Carrying amount |
68,823 |
68,823 |
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_______ |
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6.
Debtors
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2025 |
2024 |
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£ |
£ |
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Other debtors |
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53,809 |
54,047 |
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_______ |
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7.
Creditors: amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Other creditors |
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160,452 |
160,452 |
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_______ |
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8.
Related party transactions
Included within creditors: amounts falling due within one year, are the following directors loan account balances £121,923 (2023 - £119,923). The loan accounts are interest free and repayable on demand.
9.
Controlling party
The Company is controlled by the Directors in view of their 100% holding in the shares of the Company by them and family members.