REGISTERED NUMBER: 00433664 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Dale Tool Co.Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P S Iredale

REGISTERED OFFICE:

4 Crodingley

Thongsbridge

Holmfirth

West Yorkshire

HD9 3TZ

REGISTERED NUMBER:

00433664 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

12,768

2,264

Investment property

6

825,000

825,000

837,768

827,264

CURRENT ASSETS

Debtors

7

44,274

109,882

Cash at bank

41,463

5,215

85,737

115,097

CREDITORS

Amounts falling due within one year

8

32,442

28,161

NET CURRENT ASSETS

53,295

86,936

TOTAL ASSETS LESS CURRENT LIABILITIES

891,063

914,200

CREDITORS

Amounts falling due after more than one year

9

(414,517

)

(415,384

)

PROVISIONS FOR LIABILITIES

(25,366

)

(24,230

)

NET ASSETS

451,180

474,586

CAPITAL AND RESERVES

Called up share capital

11

500

500

Fair value reserve

12

306,119

306,119

Retained earnings

144,561

167,967

SHAREHOLDERS' FUNDS

451,180

474,586

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr P S Iredale - Director

1.	STATUTORY INFORMATION

Dale Tool Co.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 and functional currency of the financial statements is the Pound Sterling (£).

2.	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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property

Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in the fair value reserve. Properties are valued using open market valuation and valuations are conducted annually by the director.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

51,599

Additions

14,068

At 31 December 2024

65,667

DEPRECIATION

At 1 January 2024

49,335

Charge for year

3,564

At 31 December 2024

52,899

NET BOOK VALUE

At 31 December 2024

12,768

At 31 December 2023

2,264

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

825,000

NET BOOK VALUE

At 31 December 2024

825,000

At 31 December 2023

825,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

44,274

109,882

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,090

6,073

Hire purchase contracts

2,400

-

Trade creditors

2,426

1,679

Taxation and social security

16,640

16,274

Other creditors

4,886

4,135

32,442

28,161

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

396,517

402,540

Hire purchase contracts

7,600

-

Other creditors

10,400

12,844

414,517

415,384

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

223,124

229,281

223,124

229,281

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

402,607

408,613

Bank loans are secured against some of the investment properties of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

499

A Ordinary

£1

499

499

1

B Ordinary

£1

1

1

500

500

12.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

306,119

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr P S Iredale

Balance outstanding at start of year

93,005

-

Amounts advanced

-

93,005

Amounts repaid

(64,183

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,822

93,005