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REGISTERED NUMBER: 04926861 (England and Wales)














Unaudited Financial Statements

for the Period 29 October 2021 to 27 October 2022

for

Delphic International Limited

Delphic International Limited (Registered number: 04926861)






Contents of the Financial Statements
for the Period 29 October 2021 to 27 October 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Delphic International Limited (Registered number: 04926861)

Balance Sheet
27 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,600
Tangible assets 5 375,807 269,180
375,807 278,780

CURRENT ASSETS
Stocks 20,000 21,220
Debtors 6 541,101 609,329
Cash at bank 69,045 100,961
630,146 731,510
CREDITORS
Amounts falling due within one year 7 645,262 705,871
NET CURRENT (LIABILITIES)/ASSETS (15,116 ) 25,639
TOTAL ASSETS LESS CURRENT LIABILITIES 360,691 304,419

CREDITORS
Amounts falling due after more than one year 8 (216,885 ) (159,840 )

PROVISIONS FOR LIABILITIES (19,682 ) (28,470 )
NET ASSETS 124,124 116,109

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 74,124 66,109
SHAREHOLDERS' FUNDS 124,124 116,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 October 2022 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.

Delphic International Limited (Registered number: 04926861)

Balance Sheet - continued
27 October 2022


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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Mr A S Hulme - Director


Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements
for the Period 29 October 2021 to 27 October 2022

1. STATUTORY INFORMATION

Delphic International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04926861

Registered office: Black Knight Fields Minshull Lane
Wettenhall
Winsford
Cheshire
CW7 4DU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Tractor Units & Trailers - 10% straight line basis
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Period 29 October 2021 to 27 October 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2021 - 18 ) .

Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Period 29 October 2021 to 27 October 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 October 2021
and 27 October 2022 108,000
AMORTISATION
At 29 October 2021 98,400
Amortisation for period 9,600
At 27 October 2022 108,000
NET BOOK VALUE
At 27 October 2022 -
At 28 October 2021 9,600

5. TANGIBLE FIXED ASSETS
Fixtures Tractor
Plant and and Units & Computer
machinery fittings Trailers equipment Totals
£    £    £    £    £   
COST
At 29 October 2021 11,550 5,975 555,703 4,567 577,795
Additions 750 - 166,733 - 167,483
At 27 October 2022 12,300 5,975 722,436 4,567 745,278
DEPRECIATION
At 29 October 2021 7,850 2,704 294,425 3,636 308,615
Charge for period 1,230 491 58,828 307 60,856
At 27 October 2022 9,080 3,195 353,253 3,943 369,471
NET BOOK VALUE
At 27 October 2022 3,220 2,780 369,183 624 375,807
At 28 October 2021 3,700 3,271 261,278 931 269,180

Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Period 29 October 2021 to 27 October 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tractor
Units &
Trailers
£   
COST
At 29 October 2021 115,000
Additions 166,733
At 27 October 2022 281,733
DEPRECIATION
At 29 October 2021 3,833
Charge for period 14,758
At 27 October 2022 18,591
NET BOOK VALUE
At 27 October 2022 263,142
At 28 October 2021 111,167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 495,741 573,790
Other debtors 45,360 35,539
541,101 609,329

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 21,085 20,150
Hire purchase contracts 68,575 51,500
Trade creditors 101,246 61,806
Taxation and social security 102,595 182,277
Other creditors 351,761 390,138
645,262 705,871

Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Period 29 October 2021 to 27 October 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 30,485 51,215
Hire purchase contracts 116,400 38,625
Other creditors 70,000 70,000
216,885 159,840

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 184,975 90,125
Bank Loans 14,428 24,698
Debt Factoring 348,716 368,072
548,119 482,895

Hire purchase creditors are secured on the related fixed assets.

Bank loan and overdrafts are secured by means of fixed and floating charges over all the property or undertaking of the company.

Debt factoring is secured by means of fixed and floating charges over all rights in any land and intellectual property.