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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
Directors Mr J S Macrae
Company number 08805058
Registered office 9 Gainsborough Court
Skipton
North Yorkshire
BD23 1QG
Business address 9 Gainsborough Court
Skipton
North Yorkshire
BD23 1QG
Accountants Windle & Bowker Limited
Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Bankers National Westminster Bank Plc
Exchange Buildings
88 High Street
Skipton
North Yorkshire
BD23 1JA
Dalesway Construction Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 69,263 69,343
_______ _______
69,263 69,343
Current assets
Debtors 6 53,809 54,047
Cash at bank and in hand 64 532
_______ _______
53,873 54,579
Creditors: amounts falling due
within one year 7 ( 160,452) ( 160,452)
_______ _______
Net current liabilities ( 106,579) ( 105,873)
_______ _______
Total assets less current liabilities ( 37,316) ( 36,530)
_______ _______
Net liabilities ( 37,316) ( 36,530)
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account ( 37,516) ( 36,730)
_______ _______
Shareholders deficit ( 37,316) ( 36,530)
_______ _______
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:
- 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;
- 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:
Freehold property - Straight line over 15 years
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 ).
5. Tangible assets
Freehold property Investment Total
£ £ £
Cost
At 1 April 2024 and 31 March 2025 1,200 99,292 100,492
_______ _______ _______
Depreciation
At 1 April 2024 680 30,469 31,149
Charge for the year 80 - 80
_______ _______ _______
At 31 March 2025 760 30,469 31,229
_______ _______ _______
Carrying amount
At 31 March 2025 440 68,823 69,263
_______ _______ _______
At 31 March 2024 520 68,823 69,343
_______ _______ _______
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:
Investment Total
£ £
At 31 March 2025
Aggregate cost 992,911 992,911
Aggregate depreciation (30,469) (30,469)
_______ _______
Carrying amount 962,442 962,442
_______ _______
At 31 March 2024
Aggregate cost 99,292 99,292
Aggregate depreciation (30,469) (30,469)
_______ _______
Carrying amount 68,823 68,823
_______ _______
6. Debtors
2025 2024
£ £
Other debtors 53,809 54,047
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 160,452 160,452
_______ _______
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.