Company registration number 03970860 (England and Wales)
DELTA PRODUCTS UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
DELTA PRODUCTS UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DELTA PRODUCTS UK LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
£
£
£
£
Notes
Fixed assets
Tangible assets
4
7,586
7,548
Investments
5
347
352
7,933
7,900
Current assets
Stocks
196,885
327,055
Debtors
6
339,169
174,810
Cash at bank and in hand
289,695
63,364
825,749
565,229
Creditors: amounts falling due within one year
7
(519,703)
(253,897)
Net current assets
306,046
311,332
Total assets less current liabilities
313,979
319,232
Creditors: amounts falling due after more than one year
8
(17,622)
(27,431)
Net assets
296,357
291,801
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
296,355
291,799
Total equity
296,357
291,801

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 25 March 2024 and are signed on its behalf by:
N Trillwood
Director
Company Registration No. 03970860
DELTA PRODUCTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

Delta Products UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wellesley House, Duke of Wellington Avenue, Royal Arsenal, London, SE18 6SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The company has taken advantage of the following disclosure exemption under FRS 102:

 

• the requirements in FRS 102 section 33.1A Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transactions is wholly owned by such a member.

 

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% per annum on reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

DELTA PRODUCTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DELTA PRODUCTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 October 2022
55,116
Additions
2,567
At 30 September 2023
57,683
Depreciation and impairment
At 1 October 2022
47,568
Depreciation charged in the year
2,529
At 30 September 2023
50,097
Carrying amount
At 30 September 2023
7,586
At 30 September 2022
7,548

The Company's assets are subject to fixed and floating charges.

5
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
347
352
DELTA PRODUCTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
5
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 October 2022
352
Currency exchange
(5)
At 30 September 2023
347
Carrying amount
At 30 September 2023
347
At 30 September 2022
352
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
78,840
40,387
Amounts owed by group undertakings
220,157
132,492
Other debtors
40,172
1,931
339,169
174,810
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
31,373
37,849
Trade creditors
436,209
118,471
Other taxation and social security
14,787
15,170
Other creditors
37,334
82,407
519,703
253,897
8
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
17,622
27,431
2023-09-302022-10-01false27 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityJ TaylorN TrillwoodJ Taylorfalse039708602022-10-012023-09-30039708602023-09-30039708602022-09-3003970860core:FurnitureFittings2023-09-3003970860core:FurnitureFittings2022-09-3003970860core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3003970860core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3003970860core:CurrentFinancialInstruments2023-09-3003970860core:CurrentFinancialInstruments2022-09-3003970860core:Non-currentFinancialInstruments2023-09-3003970860core:Non-currentFinancialInstruments2022-09-3003970860core:ShareCapital2023-09-3003970860core:ShareCapital2022-09-3003970860core:RetainedEarningsAccumulatedLosses2023-09-3003970860core:RetainedEarningsAccumulatedLosses2022-09-3003970860bus:Director12022-10-012023-09-3003970860core:FurnitureFittings2022-10-012023-09-30039708602021-10-012022-09-3003970860core:FurnitureFittings2022-09-3003970860core:WithinOneYear2023-09-3003970860core:WithinOneYear2022-09-3003970860bus:PrivateLimitedCompanyLtd2022-10-012023-09-3003970860bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3003970860bus:FRS1022022-10-012023-09-3003970860bus:AuditExemptWithAccountantsReport2022-10-012023-09-3003970860bus:Director22022-10-012023-09-3003970860bus:CompanySecretary12022-10-012023-09-3003970860bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP