Registration number:
Dale Sailing Co. Limited
Unaudited Filleted Financial Statements
For The Year​ Ended 31 October 2025
Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
Dale Sailing Co. Limited
Company information
2
Directors' report
3
Accountants' report
4
Profit and loss account
5
Balance sheet
6
Notes to the unaudited financial statements
8
Detailed profit and loss account
15
Company information
Directors
Mr R J Reynolds
Mr M G Reynolds
Mr G D Reynolds
Mr M C Barker
Company secretaries
Mr R J Reynolds
Mr M G Reynolds
Registered office
Accountants
Ballards LLP
Chartered Accountants
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
2
Dale Sailing Co. Limited
Directors' report
for the year ended 31 October 2025
The Directors present​​ their​ report and the financial statements for the year ended 31 October 2025.
Directors​​​​​
The directors who held office during the year were as follows:
Mr R J Reynolds
Mr M G Reynolds
Mr G D Reynolds
Mr M C Barker
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on 29 July 2026 and signed on its behalf by:
| Mr R J Reynolds | Mr M G Reynolds |
| Director | Director |
3
Dale Sailing Co. Limited
Chartered report to the director on the preparation of the​
​unaudited statutory financial statements of Dale Sailing Co. Limited
In order to assist you to fulfil your duties under the Companies Act 2006, we​ have prepared for your approval​​ the financial statements of Dale Sailing Co. Limited for the year ended 31 October 2025 which comprise the and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm​​ of the Institute of Chartered Accountants in England and Wales, we are​​ subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation​.
This report is made solely to the board of Directors​ of Dale Sailing Co. Limited, as a body​, in accordance with the terms of our engagement letter​. Our work has been undertaken so that the we might compile the financial statements that we have been engaged to compile, report to the Company's board of Directors that we have done so​​ and state those matters that we​​ have agreed to state to them​​​​​ in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we​ do not accept or assume responsibility to anyone other than Dale Sailing Co. Limited and its board of Directors, as a body, for accountants' work or for this report.
It is your duty to ensure that Dale Sailing Co. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Dale Sailing Co. Limited. You consider that Dale Sailing Co. Limited is exempt from the statutory audit requirement for the year.
.....................................
Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
Date: 29 July 2026
4
Dale Sailing Co. Limited
Profit and loss account
for the year ended 31 October 2025
2025
£
| 2024
£
| |||||
|---|---|---|---|---|---|---|
Turnover
|
4,964,405
)
|
4,940,314
)
| ||||
Cost of sales
|
(2,024,077)
|
(2,240,856)
| ||||
Gross Profit
|
2,940,328
)
|
2,699,458
)
| ||||
Administrative expenses
| ||||||
Other operating income
|
31,622
)
|
68,037
)
| ||||
Operating Profit
|
347,644
)
|
114,904
)
| ||||
Profit before tax
|
347,644
)
|
114,904
)
| ||||
Taxation
|
(92,815)
|
-
)
| ||||
Profit for the financial year
|
254,829
)
|
114,904
)
|
The notes on 8 to 14 form part of these financial statements.
5
Dale Sailing Co. Limited
Registered number: 01181824​
Balance sheet​
as at 31 October 2025
Note
| 2025
£
| 2024
£
| ||||
|---|---|---|---|---|---|---|
Fixed assets
|
)
|
)
| ||||
Tangible fixed assets
|
4
|
2,779,890
)
|
2,762,901
)
| |||
Current assets
|
)
|
)
| ||||
Stocks
|
5
|
300,294
)
|
219,941
)
| |||
Debtors
|
544,099
)
|
404,018
)
| ||||
Cash at bank and in hand
|
8,248
)
|
11,361
)
| ||||
852,641
)
|
635,320
)
| |||||
Creditors: amounts falling due within one year
|
6
|
(581,863)
|
(797,068)
| |||
Net current assets/(liabilities)
|
270,778
)
|
(161,748)
| ||||
Total assets less current liabilities
|
270,778
)
|
(161,748)
| ||||
Creditors: amounts falling due after more than one year
|
7
|
(246,753)
|
(125,401)
| |||
24,025
)
|
(287,149)
| |||||
Provisions for liabilities
|
(438,798)
|
(299,289)
| ||||
Net assets
|
2,365,117
)
|
2,176,463
)
| ||||
Capital and reserves
|
)
|
)
| ||||
Called up share capital
|
20,000
)
|
20,000
)
| ||||
Share premium
|
700
)
|
700
)
| ||||
Revaluation reserve
|
1,073,125
)
|
1,073,125
)
| ||||
Profit and loss account
|
1,271,291
)
|
1,082,638
)
| ||||
Total capital and reserves
|
2,365,116
)
|
2,176,463
)
|
6
Dale Sailing Co. Limited
Registered number: 01181824​
Balance sheet​
as at 31 October 2025
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:
......................................... .........................................
Mr R J Reynolds Mr M G Reynolds
Company secretary and director Company secretary and director
| ​​​ |
The notes 8 on to 14 form part of these financial statements.
7
Dale Sailing Co. Limited
1.
General information
Dale Sailing Co. Limited is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is
Brunel Quay​
Neyland​
​
Milford Haven​
Dyfed
SA73 1PY
United Kingdom ​
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 applied consistently to all periods presented, unless otherwise stated.
a.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
b.
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.
c.
Going concern
d.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
8
Dale Sailing Co. Limited
2.
Accounting policies
e.
Tax
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.
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 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 and that are expected to apply to the reversal of the timing difference.
f.
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.
g.
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
Leasehold property
|
-
|
10
)
|
%
|
Moulds
|
-
|
10
)
|
%
|
Plant and machinery
|
-
|
10
)
|
%
|
Fixtures and fittings
|
-
|
25
)
|
%
|
Motor vehicles
|
-
|
25
)
|
%
|
9
Dale Sailing Co. Limited
2.
Accounting policies
g.
Depreciation​​
Boats
|
-
|
h.
Amortisation
Asset class Amortisation method and rate
i.
Cash and cash equivalents
j.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
k.
Stocks
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
10
Dale Sailing Co. Limited
2.
Accounting policies
l.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
m.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
n.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
o.
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.
11
Dale Sailing Co. Limited
2.
Accounting policies
p.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
q.
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.
3.
Staff numbers
The average number of persons employed by the company (including directors) during the year, was 71 (2024 - 74).
4.
Tangible assets​
Leasehold property
£
| Furniture, fittings and equipment
£
| Motor vehicles
£
| Moulds
£
| Plant and machinery
£
| Boats
£
| Total
£
| ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost
|
)
|
)
|
)
|
)
|
)
|
)
|
)
| |||||||
At 1 November 2024
|
1,239,230
)
|
612,643
)
|
4,095
)
|
1,036,405
)
|
660,125
)
|
1,223,616
)
|
4,776,114
)
| |||||||
Additions
|
-
)
|
8,295
)
|
-
)
|
-
)
|
159,359
)
|
57,232
)
|
224,886
)
| |||||||
Disposals
|
-
)
|
-
)
|
-
)
|
-
)
|
(3,000)
|
(20,800)
|
(23,800)
| |||||||
At 31 October 2025
|
1,239,230
)
|
620,938
)
|
4,095
)
|
1,036,405
)
|
816,484
)
|
1,260,048
)
|
4,977,200
)
| |||||||
Depreciation and impairment
|
)
|
)
|
)
|
)
|
)
|
)
|
)
| |||||||
At 1 November 2024
|
(229,526)
|
(479,265)
|
(4,095)
|
(635,123)
|
(373,398)
|
(291,808)
|
(2,013,215)
| |||||||
Charge for the year on owned assets
|
-
)
|
(14,168)
|
-
)
|
(40,128)
|
(42,673)
|
(97,727)
|
(194,696)
| |||||||
Disposals
|
-
)
|
-
)
|
-
)
|
-
)
|
1,565
)
|
9,036
)
|
10,601
)
| |||||||
At 31 October 2025
|
(229,526)
|
(493,433)
|
(4,095)
|
(675,251)
|
(414,506)
|
(380,499)
|
(2,197,310)
| |||||||
Net book value
|
)
|
)
|
)
|
)
|
)
|
)
|
)
| |||||||
At 31 October 2025
|
1,009,704
)
|
127,505
)
|
-
)
|
361,154
)
|
401,978
)
|
879,549
)
|
2,779,890
)
| |||||||
At 31 October 2024
|
1,009,704
)
|
133,378
)
|
-
)
|
401,282
)
|
286,727
)
|
931,810
)
|
2,762,901
)
|
12
Dale Sailing Co. Limited
5.
Stocks
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Other inventories
|
300,294
)
|
219,941
)
|
6.
Creditors​: amounts falling due within one year
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Loans and borrowings
|
251,934
)
|
209,171
)
| ||
Trade creditors
|
157,519
)
|
89,866
)
| ||
Taxation and social security
|
74,402
)
|
108,830
)
| ||
Accruals and deferred income
|
84,097
)
|
269,861
)
| ||
Corporation tax
|
13,912
)
|
-
)
| ||
Other creditors
|
-
)
|
119,340
)
| ||
581,864
)
|
797,068
)
|
13
Dale Sailing Co. Limited
7.
Loans and borrowings
Non-current loans and borrowings
| 2025
£
| 2024
£
| ||
|---|---|---|---|---|
Bank borrowings
|
244,387
)
|
115,940
)
| ||
Finance lease liabilities
|
2,366
)
|
9,461
)
| ||
246,753
)
|
125,401
)
|
Current loans and borrowings
| 2025
£
| 2024
£
| ||
|---|---|---|---|---|
Bank borrowings
|
98,554
)
|
112,376
)
| ||
Bank overdrafts
|
146,285
)
|
89,698
)
| ||
Finance lease liabilities
|
7,096
)
|
7,097
)
| ||
251,935
)
|
209,171
)
|
14
Schedule to the detailed accounts
for the year ended 31 October 2025
This page does not form part of the statutory financial statements.
Turnover
|
)
|
)
| ||
Sale of goods, UK
|
4,964,405
)
|
4,940,314
)
| ||
4,964,405
)
|
4,940,314
)
|
Cost of sales
|
)
|
)
| ||
Opening stock
|
219,941
)
|
179,276
)
| ||
Purchases
|
1,542,408
)
|
1,600,616
)
| ||
Closing stock
|
(300,294)
|
(219,941)
| ||
Wages and salaries (excluding directors)
|
562,022
)
|
680,905
)
| ||
2,024,077
)
|
2,240,856
)
|
Administrative costs
|
)
|
)
| ||
Printing and stationery
|
1,446
)
|
3,600
)
| ||
Telephone
|
7,945
)
|
8,562
)
| ||
Computer costs
|
36,294
)
|
26,219
)
| ||
Staff welfare
|
25,547
)
|
41,951
)
| ||
Advertising
|
38,433
)
|
71,016
)
| ||
Legal and professional
|
5,401
)
|
2,991
)
| ||
Accountancy fees
|
5,095
)
|
9,215
)
| ||
Bank charges
|
41,364
)
|
32,618
)
| ||
Bad debts
|
(202)
|
(9,380)
| ||
Motor running costs
|
60,761
)
|
27,745
)
| ||
Sundry admin expenses
|
10,210
)
|
14,243
)
| ||
Rent
|
218,021
)
|
228,793
)
| ||
Light and heat
|
31,318
)
|
49,635
)
| ||
Insurance
|
146,296
)
|
126,956
)
| ||
Repairs and maintenance
|
287,546
)
|
272,447
)
| ||
Staff wages and salaries
|
1,355,179
)
|
1,270,275
)
| ||
Directors' remuneration
|
140,674
)
|
135,883
)
| ||
Directors' private health insurance
|
3,941
)
|
2,100
)
| ||
Directors' national insurance
|
15,999
)
|
13,266
)
| ||
Directors' defined contribution pension costs
|
2,642
)
|
202,642
)
| ||
Freehold property depreciation
|
40,128
)
|
44,579
)
| ||
Plant and machinery depreciation
|
26,737
)
|
12,812
)
| ||
Fixtures and fittings depreciation
|
30,104
)
|
14,511
)
| ||
Office equipment depreciation
|
97,727
)
|
49,884
)
| ||
Profit/(loss) on sale of tangible fixed assets
|
(4,301)
|
27
)
| ||
2,624,305
)
|
2,652,590
)
|
Other operating income
|
)
|
)
|
15
Schedule to the detailed accounts
for the year ended 31 October 2025
Other operating income
|
31,622
)
|
68,037
)
|
16