R J ReynoldsM G Reynolds00131 October 202525.0025.009946002.002.001 November 2024022315819925489168916124862139442384845089650896100100100100591046257221848267591046231499822545282611282611257222572225688925688959104651411011051565910465141101105156101010370798431090370598430890200200370797.864310901853592311776090187204582135271278099631714459531216569180Financials UK FRS 1022026.8.2+9496329 July 20265819152861DroitwichBallards LLP02352181 02352181 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 02352181 core:OwnedOrFreeholdAssets core:LandBuildings 2025-10-31 02352181 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02352181 core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 02352181 core:RetainedEarningsAccumulatedLosses 2025-10-31 02352181 core:RetainedEarningsAccumulatedLosses 2024-10-31 02352181 core:OwnedOrFreeholdAssets core:LandBuildings 2024-11-01 2025-10-31 02352181 bus:Director2 2024-11-01 2025-10-31 02352181 core:PlantMachinery 2024-11-01 2025-10-31 02352181 core:ShareCapital 2024-10-31 02352181 bus:Director1 2024-11-01 2025-10-31 02352181 core:ShareCapital 2025-10-31 02352181 core:CurrentFinancialInstruments 2025-10-31 02352181 bus:RegisteredOffice 2024-11-01 2025-10-31 02352181 bus:FullAccounts 2024-11-01 2025-10-31 02352181 curr:PoundSterling 2024-11-01 2025-10-31 02352181 core:Non-currentFinancialInstruments 2024-10-31 02352181 bus:CompanySecretary1 2024-11-01 2025-10-31 02352181 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 02352181 core:PlantMachinery 2024-10-31 02352181 2024-11-01 02352181 core:CurrentFinancialInstruments 2024-10-31 02352181 core:Non-currentFinancialInstruments 2025-10-31 02352181 core:PlantMachinery 2025-10-31 02352181 bus:FRS102 2024-11-01 2025-10-31 02352181 core:OwnedOrFreeholdAssets core:PlantMachinery 2024-11-01 2025-10-31 02352181 core:OwnedOrFreeholdAssets core:LandBuildings 2024-10-31 02352181 core:MotorVehicles 2024-11-01 2025-10-31 02352181 2024-10-31 02352181 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 02352181 2025-10-31 02352181 2023-11-01 2024-10-31 02352181 2024-11-01 2025-10-31 xbrli:pure xbrli:pure iso4217:GBP iso4217:GBP
Registration number: 02352181 

Dale Marine 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 Marine Limited

 

Company information
2
Balance sheet
3
Notes to the unaudited financial statements
5

 

Company information

 

 

Directors

Mr R J Reynolds 

Mr M G Reynolds 

Company secretary

Mr R J Reynolds

Registered office

​​Brunel Quay​
Neyland​
​
Milford Haven​
Dyfed​
SA73 1PY​

Accountants

Ballards LLP 
Chartered Accountants

Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich 
Worcestershire
WR9 0QH

2

 

Dale Marine Limited

Registered number: 02352181

 

Balance sheet as at 31 October 2025

Note
2025
£
2024
£
Fixed assets
)
)
Tangible fixed assets
 4
822,545
)
848,267
)
Current assets
)
)
Debtors
 5
-
)
69,180
)
Investments
 6
100
)
100
)
Cash at bank and in hand
9,531
)
2,165
)
 
9,631
)
71,445
)
Creditors: amounts falling due within one year
 7
(223,158)
(199,254)
Net current liabilities
(213,527)
(127,809)
Total assets less current liabilities
609,018
)
720,458
)
Creditors: amounts falling due after more than one year
 7
(185,359)
(231,177)
Provisions for liabilities
(52,861)
(58,191)
Net assets
370,798
)
431,090
)
Capital and reserves
)
)
Called up share capital
200
)
200
)
Retained earnings 
370,598
)
430,890
)
Shareholder funds
370,798
)
431,090
)
For the financial year ending 31 October 2025, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their​ responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements
These financial statements have 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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Profit and loss account and statement of other comprehensive income in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised for issue by the board on 29 July 2026  and were signed on its behalf:

3

 

Dale Marine Limited

Registered number: 02352181

 

Balance sheet as at 31 October 2025

.........................................                                                                                       .........................................

Mr R J Reynolds                                                                                                     Mr M G Reynolds

Company secretary and director                                                                            Director

   

The notes 8 on to 12 form part of these financial statements.

4

Dale Marine Limited

 

1.

General information

Dale Marine 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

2.

Accounting policies

a.

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 consistently applied to all the years presented, unless otherwise stated.
b.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities- 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

c.

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.

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.

e.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

5

Dale Marine Limited

 

2.

Accounting policies

continued
e.

Tax

continued
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.

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:

Fixtures and fittings
     -
10
)
%
reducing balance
Motor vehicles
     -
10
)
%
reducing balance
Plant and machinery
     -
10
)
%
reducing balance
Freehold property
     -
not provided
g.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

6

Dale Marine Limited

 

2.

Accounting policies

continued
h.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
i.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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.

j.

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.

k.

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.

l.

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.

7

Dale Marine Limited

 

2.

Accounting policies

continued
m.

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.

3.

Staff Numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4.

Tangible assets

Land and buildings
£
Furniture, fittings and equipment
£
Total
£
Cost or valuation
)
)
)
At 1 November 2024
591,046
)
514,110
)
1,105,156
)
At 31 October 2025
591,046
)
514,110
)
1,105,156
)
Depreciation 
)
)
)
At 1 November 2024
-
)
(256,889)
(256,889)
Charge for the year on owned assets
-
)
(25,722)
(25,722)
At 31 October 2025
-
)
(282,611)
(282,611)
Carrying amount
)
)
)
At 31 October 2025
591,046
)
231,499
)
822,545
)
At 31 October 2024
591,046
)
257,221
)
848,267
)

Included within the net book value of land and buildings above is £591,046 (2024 - £591,046) in respect of free hold land and buildings.

5.

Debtors​​​

2025
£
2024
£
Due within one year
)
)
Other debtors
-
)
69,180
)

8

Dale Marine Limited

 

6.

Current asset investments

2025
£
2024
£
Shares in group undertakings
100
)
100
)
7.

Creditors

Due within one year
2025
£
2024
£
Loans and borrowings
50,896
)
50,896
)
Other payables 
38,484
)
-
)
Amounts due to related parties
124,862
)
139,442
)
Social security and other taxes
8,916
)
8,916
)
 
223,158
)
199,254
)
Due after one year
Loans and borrowings
185,359
)
231,177
)
8.

Loans and borrowings

Non-current loans and borrowings
2025
£
2024
£
Bank borrowings
185,359
)
231,177
)
Current loans and borrowings
2025
£
2024
£
Bank borrowings
50,896
)
50,896
)

9