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DALEN LIMITED |
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Financial Statements for the Year Ended 30 June 2018 |
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REGISTERED NUMBER:
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DALEN LIMITED |
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Financial Statements for the Year Ended 30 June 2018 |
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DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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DALEN LIMITED |
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Company Information |
for the Year Ended 30 June 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
2 Highlands Court |
Cranmore Avenue |
Solihull |
West Midlands |
B90 4LE |
DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Balance Sheet |
30 June 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Balance Sheet - continued |
30 June 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Dalen Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents amounts invoiced, net of value added tax, in respect of the sale of goods and |
services to customers. |
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Tangible fixed assets |
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Long leasehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard |
for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated |
costs to completion and selling costs. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates two defined contribution pension schemes. The assets of the schemes are held |
separately from those of the company in independently administered funds. Contributions payable for |
the year are charged to the profit and loss account. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Long | Fixtures |
leasehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2017 |
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Additions |
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Disposals |
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At 30 June 2018 |
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DEPRECIATION |
At 1 July 2017 |
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Charge for year |
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Eliminated on disposal |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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The net book value of tangible fixed assets includes £99,244 (2017: £90,253) in respect of assets held |
under hire purchase contracts. |
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The depreciation charge of tangible fixed assets includes £28,509 (2017: £21,455) in respect of assets |
held under hire purchase contracts. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Gross factored debts |
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Other debtors |
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Prepayments and accrued income |
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DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts (see note 8) |
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Trade creditors |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Other creditors |
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Asset finance | - | 238,681 |
Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts (see note 8) |
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8. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts |
2018 | 2017 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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Non-cancellable |
operating leases |
2018 | 2017 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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DALEN LIMITED (REGISTERED NUMBER: 01542645) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Asset Finance | - | 238,681 |
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An all assets debenture is held by the asset finance company. |
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10. | RELATED PARTY DISCLOSURES |
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During the year
company |
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Included in Creditors are amounts due to Top-Tec Holdings Limited of £
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11. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary of Rotherwood Limited, a company incorporated in Great
Britain, which is controlled by Top-Tec Holdings Limited, a company owned by Mr C Beardmore . |