Registered number: 06870313 | ||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Delmar World Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Clwyd | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06870313 | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Delmar World Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 JUNE 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Delmar World Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
437,103 | 206,918 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (104,237) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 90,242 | 95,088 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (247,307) | (198,182) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Delmar World Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | straight line 12.50% |
1c. Goodwill | ||||||||
1d. Government Grants | ||||||||
Revenue grants from government are recognised in the comprehensive statement of income in the year in which they are received. | ||||||||
Capital grants from government are treated as deferred credits and transferred to the statement of comprehensive income over the useful economic life of the relevant assets. |
1e. Turnover | ||||||||
Revenue is measured at the fair value of consideration received or receivable and is stated net of discounts and value added tax. | ||||||||
The company recognises revenue and directly associated costs on receipt of the final balance payable by clients. |
Delmar World Limited | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 July 2022 | 300,000 | 300,000 | ||
At 30 June 2023 | 300,000 | 300,000 | ||
Depreciation | ||||
At 1 July 2022 | 24,000 | 24,000 | ||
For the year | 6,000 | 6,000 | ||
At 30 June 2023 | 30,000 | 30,000 | ||
Net Book Amounts | ||||
At 30 June 2023 | ||||
At 30 June 2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||
Fixtures | ||||
and Fittings | Total | |||
£ | £ | |||
Cost | ||||
At 1 July 2022 | 76,340 | 76,340 | ||
Additions | 2,158 | 2,158 | ||
At 30 June 2023 | 78,498 | 78,498 | ||
Depreciation | ||||
At 1 July 2022 | 71,193 | 71,193 | ||
For the year | 7,304 | 7,304 | ||
At 30 June 2023 | 78,497 | 78,497 | ||
Net Book Amounts | ||||
At 30 June 2023 | 1 | |||
At 30 June 2022 | 5,147 | |||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 1,288 | - | ||||||
Prepayments | 6,535 | 5,595 | ||||||
Payments made in advance | 180,410 | - | ||||||
188,233 | 5,595 | |||||||
Delmar World Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 19,333 | 22,647 | ||||||
PAYE control | 1,949 | 5,209 | ||||||
Directors current account | 26,750 | 49,607 | ||||||
Bank loan (unsecured) | 5,956 | 7,067 | ||||||
Payments received on account | 511,307 | 199,623 | ||||||
Trade creditors | 4,089 | 6,170 | ||||||
Other creditors | 5,384 | 5,975 | ||||||
Pension schemes | 396 | 645 | ||||||
Accruals | 5,747 | 10,050 | ||||||
Deferred income - grants received | 3,254 | 4,162 | ||||||
584,165 | 311,155 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loan (unsecured) | 35,242 | 40,088 | ||||||
Redeemable preference shares | 55,000 | 55,000 | ||||||
90,242 | 95,088 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
Delmar World Limited | ||||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
280,000 | 280,000 | |||||||
280,004 | 280,004 | |||||||
New shares issued during period: | ||||||||
| 2 | |||||||
- | 2 | |||||||
9. OTHER FINANCIAL COMMITMENTS | ||||||||
At 30 June 2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 16,753 | 10,000 | ||||||
Within two to five years | 14,875 | 21,132 | ||||||
10. MOVEMENT IN SHAREHOLDER FUNDS | 2023 | 2022 | ||||||
£ | £ | |||||||
Opening shareholders' funds | 81,822 | 45,291 | ||||||
New shares issued in the year | - | 2 | ||||||
Profit for the year | 10,472 | 36,529 | ||||||
Prior year adjustment | (59,597) | - | ||||||
Closing shareholders' funds | 32,697 | 81,822 | ||||||