S Daly Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12387618

S DALY LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

S DALY LTD

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		25,967		34,779

CURRENT ASSETS

Debtors	6	48,457	45,876
Cash at bank and in hand		12,611	3,042
		--------	--------
		61,068	48,918

CREDITORS: amounts falling due within one year	7	35,071		29,837
		--------		--------
NET CURRENT ASSETS			25,997		19,081
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			51,964		53,860

CREDITORS: amounts falling due after more than one year	8		26,393		41,726

PROVISIONS	6,492	8,695
	--------	--------
NET ASSETS	19,079	3,439
	--------	--------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	18,979	3,339
	--------	-------
SHAREHOLDERS FUNDS	19,079	3,439
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

S DALY LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 16 September 2026 , and are signed on behalf of the board by:

Mr S Daly
Director

Company registration number: 12387618

S DALY LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 87a Wellingborough Road, Finedon, Northamptonshire, NN9 5LG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% reducing balance
Office equipment	-	33% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).

5. TANGIBLE ASSETS

	Leasehold improvements	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	3,096	1,996	59,571	6,894	71,557
Additions	–	–	–	443	443
	-------	-------	--------	-------	--------
At 31 December 2025	3,096	1,996	59,571	7,337	72,000
	-------	-------	--------	-------	--------
Depreciation
At 1 January 2025	3,096	1,445	26,062	6,175	36,778
Charge for the year	–	243	8,377	635	9,255
	-------	-------	--------	-------	--------
At 31 December 2025	3,096	1,688	34,439	6,810	46,033
	-------	-------	--------	-------	--------
Carrying amount
At 31 December 2025	–	308	25,132	527	25,967
	-------	-------	--------	-------	--------
At 31 December 2024	–	551	33,509	719	34,779
	-------	-------	--------	-------	--------

6. DEBTORS

	2025	2024
	£	£
Other debtors	48,457	45,876
	--------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,600	6,600
Corporation tax	15,642	10,071
Other creditors	12,829	13,166
	--------	--------
	35,071	29,837
	--------	--------

Included within other creditors are amounts totalling £8,690 (2024 - £8,690) relating to hire purchase agreements.

Hire purchase creditors are secured on the assets they relate to.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	12,100	18,700
Other creditors	14,293	23,026
	--------	--------
	26,393	41,726
	--------	--------

Included within other creditors are amounts totalling £14,293 (2024 - £23,026) relating to hire purchase agreements.

Hire purchase creditors are secured on the assets they relate to.

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	5,400	16,900
Later than 1 year and not later than 5 years	8,100	21,167
	--------	--------
	13,500	38,067
	--------	--------