Company registration number:
SC615775
Delta Commerce Limited
Unaudited filleted financial statements
31 December 2022
GRANTS
Accountants and Tax Advisors
Delta Commerce Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Delta Commerce Limited
Directors and other information
|
|
|
|
Directors |
Adam Boyd |
|
|
Juan Ruiz Gimeno |
|
|
|
|
|
|
|
Company number |
SC615775 |
|
|
|
|
|
|
|
Registered office |
c/o Grants, 5th Floor |
|
|
120 West Regent Street |
|
|
Glasgow |
|
|
G2 2QD |
|
|
|
|
|
|
|
Accountants |
GRANTS |
|
|
Accountants and Tax advisors |
|
|
5th Floor |
|
|
120 West Regent Street |
|
|
Glasgow |
|
|
G2 2QD |
|
|
|
Delta Commerce Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Delta Commerce Limited
Period ended 31 December 2022
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 December 2022 which comprise the Balance Sheet and related notes.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts for the period ended 31 December 2022 as set out from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than that of the company and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss.
We have not been instructed to carry out an audit or a review of the accounts and for this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
GRANTS
Accountants and Tax Advisors
5th Floor
120 West Regent Street
Glasgow
G2 2QD
17 November 2023
Delta Commerce Limited
Balance sheet
31 December 2022
|
|
|
31/12/22 |
|
|
|
30/06/22 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
116,793 |
|
|
|
28,972 |
|
|
Debtors |
|
5 |
379,484 |
|
|
|
5,245 |
|
|
Bank |
|
|
46,718 |
|
|
|
21,391 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
542,995 |
|
|
|
55,608 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
95,611) |
|
|
|
(
33,423) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
447,384 |
|
|
|
22,185 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
447,384 |
|
|
|
22,185 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
415,694) |
|
|
|
(
14,531) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
31,690 |
|
|
|
7,654 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1 |
|
|
|
1 |
Profit and loss account |
|
|
|
|
31,689 |
|
|
|
7,653 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
31,690 |
|
|
|
7,654 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Profit and Loss has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 November 2023
, and are signed on behalf of the board by:
Adam Boyd
Director
Company registration number:
SC615775
Delta Commerce Limited
Notes to the financial statements
Period ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Delta Commerce Limited, c/o Grants, 5th Floor, 120 West Regent Street, Glasgow, G2 2QD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2022: Nil).
5.
Debtors
|
|
|
31/12/22 |
30/06/22 |
|
|
|
£ |
£ |
|
Trade debtors |
|
19,253 |
5,245 |
|
Other debtors |
|
360,231 |
- |
|
|
|
_______ |
_______ |
|
|
|
379,484 |
5,245 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
31/12/22 |
30/06/22 |
|
|
|
£ |
£ |
|
Bank loans |
|
5,000 |
5,000 |
|
Trade creditors |
|
70,754 |
4,970 |
|
Corporation tax |
|
7,433 |
1,795 |
|
Social security and other taxes |
|
3,341 |
6,999 |
|
Other creditors |
|
9,083 |
14,659 |
|
|
|
_______ |
_______ |
|
|
|
95,611 |
33,423 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
31/12/22 |
30/06/22 |
|
|
|
£ |
£ |
|
Bank loans |
|
12,031 |
14,531 |
|
Other loans |
|
403,663 |
- |
|
|
|
_______ |
_______ |
|
|
|
415,694 |
14,531 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Controlling Party
The company is under control of Treebox Ventures SL. Treebox Ventures SL is a company registered in Spain.
As at 31 December 2022
Delta Commerce Limited
is owed the amount of £354,487 from Treebox Ventures SL.