Dales Fabrications Limited - Accounts to registrar (filleted)

DALES FABRICATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C F Dales

K R Prosser

A J Purdy

T E Strickland

N D Chambers

K I Prosser

REGISTERED OFFICE:

Crompton Rd Industrial Estate

Ilkeston

Derbyshire

DE7 4BG

REGISTERED NUMBER:

01488972 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Intangible assets

4

11,111

-

Tangible assets

5

559,065

639,378

570,176

639,378

CURRENT ASSETS

Stocks

234,392

241,214

Debtors

6

899,177

950,982

Cash at bank and in hand

232,556

528,229

1,366,125

1,720,425

CREDITORS

Amounts falling due within one year

7

965,917

1,161,373

NET CURRENT ASSETS

400,208

559,052

TOTAL ASSETS LESS CURRENT LIABILITIES

970,384

1,198,430

CREDITORS

Amounts falling due after more than one
year

8

(78,094

)

(94,249

)

PROVISIONS FOR LIABILITIES

11

(113,100

)

(125,300

)

NET ASSETS

779,190

978,881

CAPITAL AND RESERVES

Called up share capital

12

47,266

Share premium

67,282

Capital redemption reserve

15,752

Retained earnings

648,890

848,581

SHAREHOLDERS' FUNDS

779,190

978,881

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 May 2026 and were signed on its behalf by:

A J Purdy - Director

1.	STATUTORY INFORMATION

Dales Fabrications 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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. This is usually when the goods are despatched to the customer. The following criteria must also be met before revenue is recognised:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Improvements to property

-

10% on cost and 5% on cost

Plant and machinery

-

33% on cost, 20% on cost and 20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost and 25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition, as follows:

- Raw materials: average purchase cost on a first-in, first out basis.

- Work in progress and finished goods: cost of direct materials and labour plus attributable overheads based on a normal level of activity.

Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

3,370

Additions

12,500

At 31 December 2025

15,870

AMORTISATION

At 1 January 2025

3,370

Charge for year

1,389

At 31 December 2025

4,759

NET BOOK VALUE

At 31 December 2025

11,111

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

79,887

1,428,011

33,656

280,143

1,821,697

Additions

3,268

36,288

-

39,412

78,968

Disposals

-

(1,103

)

-

(54,717

)

(55,820

)

At 31 December 2025

83,155

1,463,196

33,656

264,838

1,844,845

DEPRECIATION

At 1 January 2025

50,706

983,717

30,920

116,976

1,182,319

Charge for year

5,724

88,618

548

46,489

141,379

Eliminated on disposal

-

(795

)

-

(37,123

)

(37,918

)

At 31 December 2025

56,430

1,071,540

31,468

126,342

1,285,780

NET BOOK VALUE

At 31 December 2025

26,725

391,656

2,188

138,496

559,065

At 31 December 2024

29,181

444,294

2,736

163,167

639,378

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

776,074

835,215

Other debtors

123,103

115,767

899,177

950,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

67,226

61,495

Trade creditors

572,275

519,304

Taxation and social security

152,529

299,484

Other creditors

173,887

281,090

965,917

1,161,373

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

78,094

94,249

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

67,226

61,495

Between one and five years

78,094

94,249

145,320

155,744

Non-cancellable

operating leases

2025

2024

£

Within one year

72,917

79,583

Between one and five years

251,699

59,116

324,616

138,699

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

145,320

155,744

Hire purchase agreements are secured on the assets leased.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

113,100

125,300

Deferred

tax

£

Balance at 1 January 2025

125,300

Credit to Statement of Income and Retained Earnings during year

(12,200

)

Balance at 31 December 2025

113,100

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

30,964

A Ordinary

£1

30,964

3,175

B Ordinary

£1

3,175

6,563

C Ordinary

£1

6,563

6,564

D Ordinary

£1

6,564

47,266