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REGISTERED NUMBER: 11703053 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 November 2023

for

Delta Contracts Midlands Ltd

Delta Contracts Midlands Ltd (Registered number: 11703053)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Delta Contracts Midlands Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: L A Mansfield





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 11703053 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Delta Contracts Midlands Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Delta Contracts Midlands Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Delta Contracts Midlands Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Delta Contracts Midlands Ltd and state those matters that we have agreed to state to the director of Delta Contracts Midlands Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delta Contracts Midlands Ltd and its director for our work or for this report.

It is your duty to ensure that Delta Contracts Midlands Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Delta Contracts Midlands Ltd. You consider that Delta Contracts Midlands Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Delta Contracts Midlands Ltd. 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 financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


22 April 2024

Delta Contracts Midlands Ltd (Registered number: 11703053)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459,507 755,810

CURRENT ASSETS
Stocks 88,766 56,180
Debtors 5 1,134,441 623,029
Cash at bank and in hand 207,738 69,175
1,430,945 748,384
CREDITORS
Amounts falling due within one year 6 1,000,442 699,436
NET CURRENT ASSETS 430,503 48,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,010

804,758

CREDITORS
Amounts falling due after more than
one year

7

(31,110

)

(311,897

)

PROVISIONS FOR LIABILITIES (114,877 ) (42,518 )
NET ASSETS 744,023 450,343

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 743,923 450,243
SHAREHOLDERS' FUNDS 744,023 450,343

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

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

The director acknowledges his 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 Contracts Midlands Ltd (Registered number: 11703053)

Balance Sheet - continued
30 November 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 director and authorised for issue on 22 April 2024 and were signed by:





L A Mansfield - Director


Delta Contracts Midlands Ltd (Registered number: 11703053)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Leasehold improvements - 10% on cost
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

Government grants
Government grants receivable in relation to the job retention scheme and the business bounce back loan scheme are recognised as income over the periods necessary to match them against the related costs which they are intended to compensate, on a systematic basis. Other Government grants received are recognised at the point of receipt. Government grants are shown separately as other income.

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Delta Contracts Midlands Ltd (Registered number: 11703053)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account at rates of charge on the net obligations in each period.

Rentals paid under operating leases are changed to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

Delta Contracts Midlands Ltd (Registered number: 11703053)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 December 2022 599,882 - 138,009
Additions 19,024 165,277 190,254
Disposals (618,906 ) - -
At 30 November 2023 - 165,277 328,263
DEPRECIATION
At 1 December 2022 14,146 - 65,147
Charge for year - 15,444 25,904
Eliminated on disposal (14,146 ) - -
At 30 November 2023 - 15,444 91,051
NET BOOK VALUE
At 30 November 2023 - 149,833 237,212
At 30 November 2022 585,736 - 72,862

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 13,140 170,969 20,736 942,736
Additions 3,579 33,850 6,427 418,411
Disposals - (87,191 ) - (706,097 )
At 30 November 2023 16,719 117,628 27,163 655,050
DEPRECIATION
At 1 December 2022 6,473 84,337 16,823 186,926
Charge for year 1,951 12,923 4,687 60,909
Eliminated on disposal - (38,146 ) - (52,292 )
At 30 November 2023 8,424 59,114 21,510 195,543
NET BOOK VALUE
At 30 November 2023 8,295 58,514 5,653 459,507
At 30 November 2022 6,667 86,632 3,913 755,810

Delta Contracts Midlands Ltd (Registered number: 11703053)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,048,796 515,404
Other debtors 40,181 -
VAT 35,736 104,631
Prepayments 9,728 2,994
1,134,441 623,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,119 13,062
Hire purchase contracts (see note 8) 7,687 24,251
Trade creditors 462,791 318,577
Corporation tax 17,786 61,154
Social security and other taxes 7,823 7,481
Directors' current accounts 53,014 162,957
Accruals and deferred income 441,222 111,954
1,000,442 699,436

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 15,659 13,311
Bank loans - 2-5 years - 25,235
Bank loans more than 5 years - 236,926
Hire purchase contracts (see note 8) 15,451 36,425
31,110 311,897

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 236,926

8. LEASING AGREEMENTS

The company had total guarantees and commitments at the balance sheet date of £695,625 (2022 - £Nil)

Delta Contracts Midlands Ltd (Registered number: 11703053)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 25,778 288,534
Hire purchase contracts 23,138 60,676
48,916 349,210

The hire purchase creditor is secured on the assets to which it relates.

The bank loan is secured against the property to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100