DELTA SECURITY SYSTEMS (N.I.) LTD

Company Registration Number:
NI645819 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

DELTA SECURITY SYSTEMS (N.I.) LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

DELTA SECURITY SYSTEMS (N.I.) LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 473,080 532,215
Tangible assets: 4 150,094 166,533
Total fixed assets: 623,174 698,748
Current assets
Stocks: 5,674 4,729
Debtors:   267,951 238,302
Cash at bank and in hand: 61,382 41,403
Total current assets: 335,007 284,434
Creditors: amounts falling due within one year:   (151,453) (172,679)
Net current assets (liabilities): 183,554 111,755
Total assets less current liabilities: 806,728 810,503
Provision for liabilities: (1,231) (4,748)
Total net assets (liabilities): 805,497 805,755
Capital and reserves
Called up share capital: 3 3
Share premium account: 805,291 805,291
Profit and loss account: 203 461
Shareholders funds: 805,497 805,755

The notes form part of these financial statements

DELTA SECURITY SYSTEMS (N.I.) LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 October 2023
and signed on behalf of the board by:

Name: Michael Gary Boyce
Status: Director

The notes form part of these financial statements

DELTA SECURITY SYSTEMS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Plant and machinery - 20%, reducing balanceFixtures, fittings, tools and equipment - 20%, reducing balance

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.Foreign currency translationTransactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.PensionsContributions to defined contribution plans are expensed in the period to which they relate.

DELTA SECURITY SYSTEMS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 12 13

DELTA SECURITY SYSTEMS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 827,891
At 30 September 2023 827,891
Amortisation
At 01 October 2022 295,676
Charge for year 59,135
At 30 September 2023 354,811
Net book value
At 30 September 2023 473,080
At 30 September 2022 532,215

DELTA SECURITY SYSTEMS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 196,816
Disposals (35,745)
At 30 September 2023 161,071
Depreciation
At 01 October 2022 30,283
Charge for year 2,930
On disposals (22,236)
At 30 September 2023 10,977
Net book value
At 30 September 2023 150,094
At 30 September 2022 166,533

DELTA SECURITY SYSTEMS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Loans to directors

Name of director receiving advance or credit: Mr Gary Boyce
Description of the loan: Director's current account
£
Balance at 01 October 2022 63,459
Advances or credits made: 42,282
Balance at 30 September 2023 105,741
Name of director receiving advance or credit: Mr Samuel Boyce
Description of the loan: Participator's current account
£
Balance at 01 October 2022 25,647
Advances or credits made: 22,591
Balance at 30 September 2023 48,238