Registration number: 13128315

Dallas Wilding Drew Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Dallas Wilding Drew Ltd

(Registration number: 13128315)
Balance Sheet as at 31 December 2024

	Note	2024 £		2023 £
Fixed assets
Intangible assets	4		-		593
Tangible assets	5		1,345		1,351
			1,345		1,944
Current assets
Debtors	6	103,446		134,791
Cash at bank and in hand		33,570		31,010
		137,016		165,801
Creditors: Amounts falling due within one year	7	(181,067)		(242,836)
Net current liabilities			(44,051)		(77,035)
Net liabilities			(42,706)		(75,091)
Capital and reserves
Called up share capital	8	10,000		10,000
Retained earnings		(52,706)		(85,091)
Shareholders' deficit			(42,706)		(75,091)

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

Dallas Wilding Drew Ltd

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 have been 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 functional and presentation currency is pound sterling.

Going concern

At the period end the company has net liabilities of £42,706. The company is dependent upon the continued support of its parent undertaking and shareholder. On the basis that both parties have indicated that this support will continue, the directors have prepared the accounts on a going concern basis.

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.

Dallas Wilding Drew Ltd

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 and 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

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangible assets	33.33% straight line basis

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.

Dallas Wilding Drew Ltd

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 by the company during the year was 5 (2023 - 5).

Dallas Wilding Drew Ltd

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

4	Intangible assets

	Other intangible assets  £	Total £
Cost
At 1 January 2024	3,000	3,000
At 31 December 2024	3,000	3,000
Amortisation
At 1 January 2024	2,407	2,407
Amortisation charge	593	593
At 31 December 2024	3,000	3,000
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	593	593

5	Tangible assets

	Office equipment  £	Total £
Cost
At 1 January 2024	2,149	2,149
Additions	690	690
At 31 December 2024	2,839	2,839
Depreciation
At 1 January 2024	798	798
Charge for the year	696	696
At 31 December 2024	1,494	1,494
Carrying amount
At 31 December 2024	1,345	1,345
At 31 December 2023	1,351	1,351

Dallas Wilding Drew Ltd

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

6

Debtors

Current	2024 £	2023 £
Trade debtors	1,127	-
Amounts owed by related parties	84,869	97,644
Prepayments	950	1,147
Other debtors	16,500	36,000
	103,446	134,791

7

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		1,526	3,924
Amounts owed to group undertakings	9	175,000	225,000
Accruals and deferred income		3,460	13,472
Other creditors		1,081	440
		181,067	242,836