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REGISTERED NUMBER: 04651761 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

DELTA INSULATION SERVICES LIMITED

DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELTA INSULATION SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: S T Atkin
Mrs M A Atkin



SECRETARY: Mrs M A Atkin



REGISTERED OFFICE: 120 Newland Park
Hull
HU5 2DU



REGISTERED NUMBER: 04651761 (England and Wales)



ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF



BANKERS: Barclays Bank PLC
Corporate Banking Centre
1-5 King Edward Street
Hull
HU1 3RL

DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,000
Tangible assets 5 9 9
Investment property 6 286,939 286,939
286,948 289,948

CURRENT ASSETS
Debtors 7 3,756 3,954
Cash at bank 21,497 27,589
25,253 31,543
CREDITORS
Amounts falling due within one year 8 203,419 222,531
NET CURRENT LIABILITIES (178,166 ) (190,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,782

98,960

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,682 98,860
SHAREHOLDERS' FUNDS 108,782 98,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

BALANCE SHEET - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





S T Atkin - Director


DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Delta Insulation Limited is a private company, limited by shares, registered in England. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in Sterling, which is the functional currency of the company.

The principal activity of the company is the installation of insulation.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover from the sale of goods is recognised at point of sale. When providing day services turnover is recognised on completion of the service and, for longer engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of eight years.

This amortisation is based on a change in estimate in the current year from a twenty year useful life to eight 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.
Motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued
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.

Taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 60,000
AMORTISATION
At 1 May 2022 57,000
Amortisation for year 3,000
At 30 April 2023 60,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 3,000

DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 May 2022
and 30 April 2023 12,349
DEPRECIATION
At 1 May 2022
and 30 April 2023 12,340
NET BOOK VALUE
At 30 April 2023 9
At 30 April 2022 9

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 286,939
NET BOOK VALUE
At 30 April 2023 286,939
At 30 April 2022 286,939

The directors review investment properties annually and consider the valuation to be fairly stated.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,756 3,810
VAT - 144
3,756 3,954

DELTA INSULATION SERVICES LIMITED (REGISTERED NUMBER: 04651761)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation 3,478 3,970
Other creditors 18,836 19,726
Directors' current accounts 179,455 197,260
Accruals and deferred income 1,650 1,575
203,419 222,531

9. RELATED PARTY DISCLOSURES

The company was under the control of Mr and Mrs Atkin throughout the current and previous year.