A L Dalton Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00148767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A L DALTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Sharp

A Walsh

S C Balchin

A J N Dalton

REGISTERED OFFICE:

Crossgate Drive

Queens Drive Industrial Estate

Nottingham

Nottinghamshire

NG2 1LW

REGISTERED NUMBER:

00148767 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Intangible assets

4

29,404

34,027

Tangible assets

5

873,945

865,110

Investments

6

20,000

923,349

919,137

CURRENT ASSETS

Stocks

1,029,002

1,209,444

Debtors

7

961,221

482,875

Cash at bank and in hand

894,053

697,248

2,884,276

2,389,567

CREDITORS

Amounts falling due within one year

8

1,826,761

1,436,743

NET CURRENT ASSETS

1,057,515

952,824

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,980,864

1,871,961

CREDITORS

Amounts falling due after more than one
year

9

(92,730

)

(77,372

)

PROVISIONS FOR LIABILITIES

(29,305

)

(36,891

)

NET ASSETS

1,858,829

1,757,698

CAPITAL AND RESERVES

Called up share capital

11

1,502

Revaluation reserve

12

475,337

Capital redemption reserve

12

1,502

Retained earnings

12

1,380,488

1,279,357

SHAREHOLDERS' FUNDS

1,858,829

1,757,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

A J N Dalton - Director

1.	STATUTORY INFORMATION

A L Dalton 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 as modified by the revaluation of certain assets.

The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have considered a period of twelve months from the date of approval of the financial statements and do not consider that any further disclosures are necessary.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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.

Long leasehold

-

Over lease term : straight line basis

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

50% on cost

The long leasehold asset is held on a lease over 99 years which commenced 24 June 1973.

The company has adopted the revaluation model for Long Leasehold Property which is therefore included at its fair value. Fair value is determined from market based evidence. Revaluations are made with sufficient regularity to ensure the carrying value does not differ materially from the fair value at the year end. The directors consider this is achieved by revaluations on a five yearly cycle unless market conditions suggest otherwise.

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stock and work in progress 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 Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease rentals are charged in the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

Accounting convention

The accounts have been prepared on a going concern basis, which the directors consider to be justifiable.They also believes that the bank will continue to offer their support.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

103,144

AMORTISATION

At 1 January 2024

69,117

Amortisation for year

4,623

At 31 December 2024

73,740

NET BOOK VALUE

At 31 December 2024

29,404

At 31 December 2023

34,027

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses.

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST OR VALUATION

At 1 January 2024

600,000

212,324

231,603

Additions

-

2,622

17,844

Disposals

-

At 31 December 2024

600,000

214,946

249,447

DEPRECIATION

At 1 January 2024

34,951

170,681

207,335

Charge for year

11,651

13,772

19,185

Eliminated on disposal

-

At 31 December 2024

46,602

184,453

226,520

NET BOOK VALUE

At 31 December 2024

553,398

30,493

22,927

At 31 December 2023

565,049

41,643

24,268

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 January 2024

448,773

210,075

1,702,775

Additions

157,667

11,570

189,703

Disposals

(113,589

)

-

(113,589

)

At 31 December 2024

492,851

221,645

1,778,889

DEPRECIATION

At 1 January 2024

226,131

198,567

837,665

Charge for year

110,454

12,597

167,659

Eliminated on disposal

(100,380

)

-

(100,380

)

At 31 December 2024

236,205

211,164

904,944

NET BOOK VALUE

At 31 December 2024

256,646

10,481

873,945

At 31 December 2023

222,642

11,508

865,110

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

Valuation in 2006

365,178

-

Valuation in 2015

10,000

-

Valuation in 2020

(60,000

)

-

Cost

284,822

214,946

249,447

600,000

214,946

249,447

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2006

-

365,178

Valuation in 2015

-

10,000

Valuation in 2020

-

(60,000

)

Cost

492,851

221,645

1,463,711

492,851

221,645

1,778,889

If long leasehold property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

284,822

Aggregate depreciation

171,358

168,994

Long leasehold property was valued on an open market basis as at 31 December 2020 by FHP Property Consultants.

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 January 2024

310,343

Additions

157,668

Disposals

(63,778

)

At 31 December 2024

404,233

DEPRECIATION

At 1 January 2024

119,850

Charge for year

96,821

Eliminated on disposal

(58,446

)

At 31 December 2024

158,225

NET BOOK VALUE

At 31 December 2024

246,008

At 31 December 2023

190,493

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

20,000

NET BOOK VALUE

At 31 December 2024

20,000

At 31 December 2023

20,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

185,576

450,512

Other debtors

738,671

-

Prepayments

36,974

32,363

961,221

482,875

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

14,519

25,530

Finance leases

85,984

75,744

Trade creditors

847,438

420,945

Corporation tax

77,424

159,873

Social security and other taxes

332,132

279,590

Other creditors

16,268

15,378

Directors' loan accounts

430,532

Accrued expenses

22,464

29,151

1,826,761

1,436,743

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Finance leases

92,730

77,372

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank overdraft

-

2,301

Finance leases

178,714

153,116

178,714

155,417

Debts are secured by a charge or lien over the company's assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1,502

Ordinary

£1

1,502

12.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

Totals

£

At 1 January 2024

1,279,357

475,337

1,502

1,756,196

Profit for the year

101,131

At 31 December 2024

1,380,488

475,337

1,502

1,857,327

13.	FINANCIAL COMMITMENTS

Total financial commitments include motor vehicle operating leases commitments of £162,136 (2023 - £89,396) and leasehold property lease commitments of £1,069,500 (2023 - £1,092,500) ( £23,000 pa expiring 24/06/2072).

14.	RELATED PARTY DISCLOSURES

(i) Included in creditors is a loan owing from the company to a director of £430,532 (2023 - £430,532) the company paid interest of £34,006 on the loan during the year (2023 - £38,506).

(ii) A director is also a director of the company 'Wadkin Classical Limited'. A L Dalton Limited is party to a licence agreement with the company. No licence fees were paid to Wadkin Classical Limited, which was dormant during the year (2023 - £nil). Amounts are included in the accounts of £nil - creditors (2023 - £6,189) relating to this company.

(iii) A L Dalton Limited hold a 22.22% interest in Stenner Limited. A L Dalton Limited made gross sales to and purchases from Stenner Limited during the year of £15,441 (2023 - £1,200) and £92,953 (2023 - £153,867) respectively. Included in trade creditors is £1,259 (2023 - £1,259) owing to Stenner Limited. A management charge of £nil (2023 - £nil) and dividends of £nil (2023 - £nil) were received from Stenner Limited during the year.