Delta Security Systems Limited 06373017 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is the installation of security equipment. Digita Accounts Production Advanced 6.30.9574.0 false true 06373017 2022-10-01 2023-09-30 06373017 2023-09-30 06373017 bus:Director1 1 2023-09-30 06373017 bus:Director1 2 2023-09-30 06373017 bus:Director2 1 2023-09-30 06373017 bus:Director2 2 2023-09-30 06373017 core:RetainedEarningsAccumulatedLosses 2023-09-30 06373017 core:ShareCapital 2023-09-30 06373017 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 06373017 core:CurrentFinancialInstruments 2023-09-30 06373017 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06373017 core:FurnitureFittingsToolsEquipment 2023-09-30 06373017 core:MotorVehicles 2023-09-30 06373017 bus:SmallEntities 2022-10-01 2023-09-30 06373017 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 06373017 bus:FullAccounts 2022-10-01 2023-09-30 06373017 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 06373017 bus:RegisteredOffice 2022-10-01 2023-09-30 06373017 bus:CompanySecretary1 2022-10-01 2023-09-30 06373017 bus:Director1 2022-10-01 2023-09-30 06373017 bus:Director1 1 2022-10-01 2023-09-30 06373017 bus:Director1 2 2022-10-01 2023-09-30 06373017 bus:Director2 2022-10-01 2023-09-30 06373017 bus:Director2 1 2022-10-01 2023-09-30 06373017 bus:Director2 2 2022-10-01 2023-09-30 06373017 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 06373017 core:FurnitureFittings 2022-10-01 2023-09-30 06373017 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 06373017 core:MotorVehicles 2022-10-01 2023-09-30 06373017 core:Subsidiary1 2022-10-01 2023-09-30 06373017 core:Subsidiary1 1 2022-10-01 2023-09-30 06373017 core:Subsidiary1 countries:EnglandWales 2022-10-01 2023-09-30 06373017 countries:England 2022-10-01 2023-09-30 06373017 2022-09-30 06373017 bus:Director1 1 2022-09-30 06373017 bus:Director1 2 2022-09-30 06373017 bus:Director2 1 2022-09-30 06373017 bus:Director2 2 2022-09-30 06373017 core:CostValuation 2022-09-30 06373017 core:FurnitureFittingsToolsEquipment 2022-09-30 06373017 core:MotorVehicles 2022-09-30 06373017 2021-10-01 2022-09-30 06373017 2022-09-30 06373017 bus:Director2 1 2022-09-30 06373017 bus:Director2 2 2022-09-30 06373017 core:RetainedEarningsAccumulatedLosses 2022-09-30 06373017 core:ShareCapital 2022-09-30 06373017 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-09-30 06373017 core:CurrentFinancialInstruments 2022-09-30 06373017 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 06373017 core:FurnitureFittingsToolsEquipment 2022-09-30 06373017 core:MotorVehicles 2022-09-30 06373017 bus:Director2 1 2021-10-01 2022-09-30 06373017 bus:Director2 2 2021-10-01 2022-09-30 06373017 core:Subsidiary1 1 2021-10-01 2022-09-30 06373017 bus:Director2 1 2021-09-30 06373017 bus:Director2 2 2021-09-30 iso4217:GBP xbrli:pure

Registration number: 06373017

Delta Security Systems Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Delta Security Systems Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Delta Security Systems Limited

Company Information

Directors

Mr DL Stamp

Mr GR Roscoe

Company secretary

Mrs JA Stamp

Registered office

Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG

 

Delta Security Systems Limited

(Registration number: 06373017)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

53,367

78,274

Investments

1

1

 

53,368

78,275

Current assets

 

Stocks

7

10,000

5,190

Debtors

8

776,294

683,071

Cash at bank and in hand

 

1,144,416

916,962

 

1,930,710

1,605,223

Creditors: Amounts falling due within one year

9

(249,823)

(196,417)

Net current assets

 

1,680,887

1,408,806

Total assets less current liabilities

 

1,734,255

1,487,081

Provisions for liabilities

(4,503)

(6,179)

Net assets

 

1,729,752

1,480,902

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,729,652

1,480,802

Total equity

 

1,729,752

1,480,902

For the financial year ending 30 September 2023 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 April 2024 and signed on its behalf by:
 

.........................................
Mr DL Stamp
Director

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG
United Kingdom

These financial statements were authorised for issue by the Board on 3 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% reducing balance

Motor vehicles

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2022 - 11).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

19,168

23,245

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

9,442

171,953

181,395

Disposals

-

(22,159)

(22,159)

At 30 September 2023

9,442

149,794

159,236

Depreciation

At 1 October 2022

5,705

97,416

103,121

Charge for the year

1,233

17,935

19,168

Eliminated on disposal

-

(16,420)

(16,420)

At 30 September 2023

6,938

98,931

105,869

Carrying amount

At 30 September 2023

2,504

50,863

53,367

At 30 September 2022

3,737

74,537

78,274

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Investments

2023
£

2022
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 October 2022

1

Provision

Carrying amount

At 30 September 2023

1

At 30 September 2022

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Delta Security Properties Limited

23 Woodland Drive
Anlaby
East Yorkshire
HU10 7HG

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Delta Security Properties Limited

The principal activity of Delta Security Properties Limited is letting of own property.

7

Stocks

2023
£

2022
£

Work in progress

5,000

2,190

Other inventories

5,000

3,000

10,000

5,190

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

8

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

258,230

169,181

Amounts owed by related parties

12

426,110

426,110

Prepayments

 

6,860

2,780

Other debtors

 

85,094

85,000

   

776,294

683,071

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

-

10,907

Trade creditors

 

58,537

69,271

Taxation and social security

 

180,523

106,963

Accruals and deferred income

 

4,743

5,047

Other creditors

 

6,020

4,229

 

249,823

196,417

10

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

-

10,907

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £274,166 (2022 - £309,166).

 

Delta Security Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

12

Related party transactions

Transactions with directors

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Mr DL Stamp

-

2,446

(2,446)

-

-

-

-

-

 

-

2,446

(2,446)

-

       

Mr GR Roscoe

Director's loan account

-

713

(713)

-

-

-

-

-

 

-

713

(713)

-

       

 

2022

At 1 October 2021
£

Advances to director
£

Repayments by director
£

At 30 September 2022
£

Mr GR Roscoe

Director's loan account

-

2,916

(2,916)

-

-

-

-

-

 

-

2,916

(2,916)

-