Registration number: 09739895

T L Dallas (NI) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

T L Dallas (NI) Limited

(Registration number: 09739895)
Balance Sheet as at 31 December 2024

	Note	2024 £		2023 £
Fixed assets
Tangible assets	4		3,492		3,230
Current assets
Debtors	5	237,001		172,149
Cash at bank and in hand		246,595		267,318
		483,596		439,467
Creditors: Amounts falling due within one year	6	(110,469)		(128,828)
Net current assets			373,127		310,639
Total assets less current liabilities			376,619		313,869
Provisions for liabilities			(123)		-
Net assets			376,496		313,869
Capital and reserves
Called up share capital	7	10,000		10,000
Retained earnings		366,496		303,869
Shareholders' funds			376,496		313,869

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:
 

......................................... P E O Staveley Director

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 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:
Dallas House
Low Moor
Bradford
West Yorkshire
BD12 0HF

These financial statements were authorised for issue by the Board on 8 August 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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

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.

The company's presentation currency is pound sterling.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 8 August 2025 was Gillian McLoughlin FCA, who signed for and on behalf of Watson Buckle Limited.

Revenue recognition

Turnover represents commissions and fees, which are taken to revenue in full at the later of the binding contract date and the renewal or commencement date of the policy; and profit commission which is recognised on receipt.

Tax

The tax expense for the period comprises current and deferred 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.

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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	33.33% straight line basis

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed during the year was 13 (2023 - 11).

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Office equipment  £	Total £
Cost
At 1 January 2024	109,385	109,385
Additions	3,182	3,182
At 31 December 2024	112,567	112,567
Depreciation
At 1 January 2024	106,155	106,155
Charge for the year	2,920	2,920
At 31 December 2024	109,075	109,075
Carrying amount
At 31 December 2024	3,492	3,492
At 31 December 2023	3,230	3,230

5

Debtors

Current	2024 £	2023 £
Amounts owed by related parties	191,749	167,774
Prepayments	45,152	4,207
Other debtors	100	168
	237,001	172,149

6

Creditors

	2024 £	2023 £
Due within one year
Trade creditors	7,315	9,689
Taxation and social security	40,100	53,477
Accruals and deferred income	63,054	65,662
	110,469	128,828

T L Dallas (NI) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	10,000	10,000	10,000	10,000

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £220,333 (2023 - £164,333). This financial commitment is in respect of operating leases.

9	Parent and ultimate parent undertaking

The company's immediate parent is T L Dallas Group Limited, incorporated in England and Wales. The registered office of T L Dallas Group Limited is Dallas House, Low Moor, Bradford, BD12 0HF.

  These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.