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COMPANY REGISTRATION NUMBER: 04288172
Delta Trading Limited
Filleted Unaudited Financial Statements
31 December 2021
Delta Trading Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
Current assets
Stocks
13,784
7,422
Debtors
6
47,391
46,482
Cash at bank and in hand
5,601
6,594
---------
---------
66,776
60,498
Creditors: amounts falling due within one year
7
55,701
51,470
---------
---------
Net current assets
11,075
9,028
---------
---------
Total assets less current liabilities
11,075
9,028
---------
---------
Net assets
11,075
9,028
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
11,074
9,027
---------
---------
Shareholders funds
11,075
9,028
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 August 2022 , and are signed on behalf of the board by:
Mr R Berry (Senior)
Director
Company registration number: 04288172
Delta Trading Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Delta Trading Limited , 14 Larchfields, Walton, Stone, Staffordshire, ST15 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2020: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2021 and 31 December 2021
784
784
---------
---------
Depreciation
At 1 January 2021 and 31 December 2021
784
784
---------
---------
Carrying amount
At 31 December 2021
---------
---------
At 31 December 2020
---------
---------
6. Debtors
2021
2020
£
£
Trade debtors
46,792
46,482
Other debtors
599
---------
---------
47,391
46,482
---------
---------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
45,579
37,369
Corporation tax
926
1,543
Social security and other taxes
317
871
Other creditors
8,879
11,687
---------
---------
55,701
51,470
---------
---------
8. Director's advances, credits and guarantees
There were no director's advances, credits or guarantees during the year.
9. Related party transactions
The company was under the control of Mr R Berry throughout the year. Mr R Berry is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.