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REGISTERED NUMBER: 05150631 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2017

for

Dalbury Limited

Dalbury Limited (Registered number: 05150631)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dalbury Limited

Company Information
for the Year Ended 30 June 2017







DIRECTOR: Mr J A Laing





REGISTERED OFFICE: East Learmouth Farm
Cornhill On Tweed
Northumberland
TD12 4QB





REGISTERED NUMBER: 05150631 (England and Wales)





ACCOUNTANTS: Marrs Benson
Chartered Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

Dalbury Limited (Registered number: 05150631)

Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,057,780 4,170,707

CURRENT ASSETS
Stocks 671,863 678,013
Debtors 5 262,592 217,739
Cash at bank 26 210
934,481 895,962
CREDITORS
Amounts falling due within one year 6 3,496,444 3,399,461
NET CURRENT LIABILITIES (2,561,963 ) (2,503,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,495,817

1,667,208

CREDITORS
Amounts falling due after more than one
year

7

1,712,042

1,697,062
NET LIABILITIES (216,225 ) (29,854 )

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 74,500 74,500
Retained earnings (290,726 ) (104,355 )
SHAREHOLDERS' FUNDS (216,225 ) (29,854 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Dalbury Limited (Registered number: 05150631)

Balance Sheet - continued
30 June 2017


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 director on 24 March 2018 and were signed by:





Mr J A Laing - Director


Dalbury Limited (Registered number: 05150631)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

Dalbury 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

Dalbury Limited (Registered number: 05150631)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 July 2016 2,641,831 858,666 1,141,276 6,000 4,647,773
Additions - - 65,100 - 65,100
Disposals - - (125,858 ) - (125,858 )
At 30 June 2017 2,641,831 858,666 1,080,518 6,000 4,587,015
DEPRECIATION
At 1 July 2016 - 20,582 452,821 3,663 477,066
Charge for year - - 102,549 584 103,133
Eliminated on disposal - - (50,964 ) - (50,964 )
At 30 June 2017 - 20,582 504,406 4,247 529,235
NET BOOK VALUE
At 30 June 2017 2,641,831 838,084 576,112 1,753 4,057,780
At 30 June 2016 2,641,831 838,084 688,455 2,337 4,170,707

Freehold property includes land at East Learmouth with a cost of £2,400,500 which is held by Mr J A Laing on
trust for Dalbury Limited.

The net book value of assets held on hire purchase, included above, was £202,399 (2016 - £208,117).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Trade debtors 146,391 109,004
Other debtors 116,201 108,735
262,592 217,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Bank loans and overdrafts 361,167 507,139
Hire purchase contracts 110,013 95,748
Trade creditors 216,418 240,591
Taxation and social security 1,334 -
Other creditors 2,807,512 2,555,983
3,496,444 3,399,461

Dalbury Limited (Registered number: 05150631)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.17 30.6.16
£    £   
Bank loans 1,610,220 1,514,150
Hire purchase contracts 101,822 182,912
1,712,042 1,697,062

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.17 30.6.16
£    £   
Bank overdrafts 361,167 507,139
Bank loans 1,610,220 1,514,150
1,971,387 2,021,289

Yorkshire Bank hold a legal charge over East Learmouth.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2016
and 30 June 2017 74,500

10. RELATED PARTY DISCLOSURES

Mr Laing, director and sole shareholder, also operates the business of J A Laing as a sole trader. At the year end
the company owed this business £1,891,181 (2016 - £1,619,833). This loan is interest free, unsecured and
repayable on demand.

Mr J A Laing also had a directors loan account and was owed £913,331 (2016 - £928,531) at the year end. This
loan is interest free, unsecured and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J A Laing.

12. FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under FRS 102. The last financial
statements under the previous UK GAAP were for the year ended 30 June 2016. The date of transition to FRS
102 was 1 July 2015.

The accounting policies adopted under the previous UK GAAP were not materially different from those adopted
under FRS 102, and consequently profit for the year ended 30 June 2016 and total equity as at 1 July 2015 and
30 June 2016 are the same under FRS 102 as they were under previous UK GAAP.

Whilst there has been no impact on the reported result in either the current or previous year, nor on total equity
at, or subsequent to, the date of transition, in complying with the requirement of FRS 102 and the accounting
policies adopted on transition, certain reclassifications have been made to amounts previously reported.