Robert Dale & Sons (Filey) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00508055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

ROBERT DALE & SONS (FILEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Dale

Mr R A Dale

SECRETARY:

Mr R A Dale

REGISTERED OFFICE:

Clarence Drive

Filey

North Yorkshire

YO14 0AA

REGISTERED NUMBER:

00508055 (England and Wales)

ACCOUNTANTS:

Hansons

St Oswald House

St Oswald Street

Castleford

West Yorkshire

WF10 1DH

BANKERS:

HSBC

1 Murray Street

Filey

North Yorkshire

YO14 9DB

FIXED ASSETS

Tangible assets

4

103,898

107,997

Investments

5

86,962

86,962

190,860

194,959

CURRENT ASSETS

Stocks

35,163

41,000

Debtors

6

13,215

13,577

Cash at bank and in hand

2,503

3,601

50,881

58,178

CREDITORS

Amounts falling due within one year

7

68,855

91,318

NET CURRENT LIABILITIES

(17,974

)

(33,140

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,886

161,819

CREDITORS

Amounts falling due after more than one year

8

(149,152

)

(144,630

)

PROVISIONS FOR LIABILITIES

(5,806

)

(13,749

)

NET ASSETS

17,928

3,440

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Fair value reserve

10

54,998

54,998

Retained earnings

(38,170

)

(52,658

)

SHAREHOLDERS' FUNDS

17,928

3,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28th September 2019 and were signed on its behalf by:

Mr R A Dale - Director

1.	STATUTORY INFORMATION

Robert Dale & Sons (Filey) 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

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.

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.

Accounting convention

At the balance sheet date the current liabilities of the company exceeded its current assets. The accounts have been

prepared on the going concern basis because the major creditor, which is one of the directors, has confirmed that he will not

require repayment of the debt if this would affect the ability of the company to meet its other liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2018

and 31st December 2018

167,314

204,727

372,041

DEPRECIATION

At 1st January 2018

65,658

198,386

264,044

Charge for year

2,991

1,108

4,099

At 31st December 2018

68,649

199,494

268,143

NET BOOK VALUE

At 31st December 2018

98,665

5,233

103,898

At 31st December 2017

101,656

6,341

107,997

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2018

and 31st December 2018

86,962

NET BOOK VALUE

At 31st December 2018

86,962

At 31st December 2017

86,962

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,098

4,500

Other debtors

11,117

9,077

13,215

13,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

17,816

32,354

Trade creditors

7,811

4,500

Taxation and social security

1,006

3,446

Other creditors

42,222

51,018

68,855

91,318

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

5,011

-

Other creditors

144,141

144,630

149,152

144,630

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Pension Scheme Loan

30,220

30,220

The security is in the form of a legal charge over the company registered office.

10.

RESERVES

Fair

value

reserve

£

At 1st January 2018

and 31st December 2018

54,998

11.	RELATED PARTY DISCLOSURES

Included in creditors are directors current accounts which amount to £136,647 (2017 £145,374). No interest has been

charged to the company in respect of this amount and there are no fixed terms for repayment although the directors have

confirmed that £120,000 will not be withdrawn at less than one years notice.