REGISTERED NUMBER: 01993403 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DALE SHEETMETAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Dale

D J Gascoyne

SECRETARY:

Mrs S Dale

REGISTERED OFFICE:

Unit 27

Austin Fields Ind Estate

King's Lynn

Norfolk

PE30 1PH

REGISTERED NUMBER:

01993403 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

984,384

1,008,352

CURRENT ASSETS

Stocks

453,597

580,698

Debtors

5

541,953

506,287

Cash at bank and in hand

202,668

500,058

1,198,218

1,587,043

CREDITORS

Amounts falling due within one year

6

1,250,537

1,583,087

NET CURRENT (LIABILITIES)/ASSETS

(52,319

)

3,956

TOTAL ASSETS LESS CURRENT LIABILITIES

932,065

1,012,308

CREDITORS

Amounts falling due after more than one year

7

(142,902

)

(222,870

)

PROVISIONS FOR LIABILITIES

(205,800

)

(204,585

)

NET ASSETS

583,363

584,853

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

582,363

583,853

SHAREHOLDERS' FUNDS

583,363

584,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 9 December 2025 and were signed on its behalf by:

T D Dale - Director

D J Gascoyne - Director

1.	STATUTORY INFORMATION

Dale Sheetmetal 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.

At the balance sheet date the company had net current liabilities of £52,319 by virtue of its current liabilities exceeding its current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, and is recognised on the delivery date.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost, 25% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

49,975

2,886,218

117,868

109,641

3,163,702

Additions

-

11,744

3,023

89,548

104,315

Disposals

-

-

(599

)

(10,500

)

(11,099

)

At 31 March 2025

49,975

2,897,962

120,292

188,689

3,256,918

DEPRECIATION

At 1 April 2024

14,265

1,990,741

94,110

56,234

2,155,350

Charge for year

3,786

99,605

6,194

14,248

123,833

Eliminated on disposal

-

-

(25

)

(6,624

)

(6,649

)

At 31 March 2025

18,051

2,090,346

100,279

63,858

2,272,534

NET BOOK VALUE

At 31 March 2025

31,924

807,616

20,013

124,831

984,384

At 31 March 2024

35,710

895,477

23,758

53,407

1,008,352

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

720,000

35,033

755,033

Additions

-

89,548

89,548

At 31 March 2025

720,000

124,581

844,581

DEPRECIATION

At 1 April 2024

308,628

1,460

310,088

Charge for year

61,706

10,259

71,965

At 31 March 2025

370,334

11,719

382,053

NET BOOK VALUE

At 31 March 2025

349,666

112,862

462,528

At 31 March 2024

411,372

33,573

444,945

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

505,273

489,983

Other debtors

36,680

16,304

541,953

506,287

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,346

56,797

Hire purchase contracts (see note 8)

129,272

151,497

Trade creditors

422,611

611,598

Amounts owed to group undertakings

336,379

383,166

Taxation and social security

192,275

171,768

Other creditors

140,654

208,261

1,250,537

1,583,087

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

29,346

Hire purchase contracts (see note 8)

77,910

117,064

Other creditors

64,992

76,460

142,902

222,870

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

129,272

151,497

Between one and five years

77,910

117,064

207,182

268,561

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

64,510

91,268

Between one and five years

12,144

97,787

76,654

189,055

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

29,346

86,143

Hire purchase contracts

207,182

268,561

236,528

354,704

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D J Dale and Mrs R E M Dale

Balance outstanding at start of year

-

39,589

Amounts repaid

-

(39,589

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

R Gascoyne

Balance outstanding at start of year

8,209

2,252

Amounts advanced

136

8,457

Amounts repaid

(8,345

)

(2,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,209

D J Gascoyne

Balance outstanding at start of year

21

-

Amounts advanced

-

3,036

Amounts repaid

(21

)

(3,015

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

21

Interest was charged on the overdrawn directors' loan accounts balance at the official rate of interest of 2.25%, totalling £133 (2024 - £274). The loan account is repayable on demand.