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REGISTERED NUMBER: 08928760 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DELTECH SHEET METAL LIMITED

DELTECH SHEET METAL LIMITED (REGISTERED NUMBER: 08928760)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DELTECH SHEET METAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Miss L C Brant
A J Johnson





REGISTERED OFFICE: Unit 7A
Uxbridge Road
Leicester
LE4 7ST





REGISTERED NUMBER: 08928760 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Unit 8 Oak Spinney Park
Ratby Lane
Leicester Forest East
Leicester
LE3 3AW

DELTECH SHEET METAL LIMITED (REGISTERED NUMBER: 08928760)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 653,137 700,342

CURRENT ASSETS
Stocks 250,000 270,000
Debtors 5 962,149 591,998
Cash at bank 328,388 189,179
1,540,537 1,051,177
CREDITORS
Amounts falling due within one year 6 916,841 620,609
NET CURRENT ASSETS 623,696 430,568
TOTAL ASSETS LESS CURRENT LIABILITIES 1,276,833 1,130,910

CREDITORS
Amounts falling due after more than one year 7 243,699 368,616
NET ASSETS 1,033,134 762,294

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 40,000 40,000
Retained earnings 993,034 722,194
SHAREHOLDERS' FUNDS 1,033,134 762,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 16 January 2024 and were signed on its behalf by:



A J Johnson - Director


DELTECH SHEET METAL LIMITED (REGISTERED NUMBER: 08928760)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Deltech Sheet Metal Limited 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 and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Plant and machinery10% per annum on net book amount
Motor vehicles10% per annum on net book amount

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged 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.

DELTECH SHEET METAL LIMITED (REGISTERED NUMBER: 08928760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 755,559 - 105,468 861,027
Additions 6,200 14,583 4,583 25,366
At 31 March 2023 761,759 14,583 110,051 886,393
DEPRECIATION
At 1 April 2022 137,000 - 23,685 160,685
Charge for year 62,476 1,458 8,637 72,571
At 31 March 2023 199,476 1,458 32,322 233,256
NET BOOK VALUE
At 31 March 2023 562,283 13,125 77,729 653,137
At 31 March 2022 618,559 - 81,783 700,342

Included within the above amounts are assets held under finance leases or hire purchase contracts as follows:

Net book value - £516,225 (2022: £608,679)
Depreciation - £57,358 (2022: £67,631)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 833,481 404,246
Other debtors 128,668 187,752
962,149 591,998

DELTECH SHEET METAL LIMITED (REGISTERED NUMBER: 08928760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 105,623 119,119
Trade creditors 298,746 189,458
Taxation and social security 181,531 35,922
Other creditors 330,941 276,110
916,841 620,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 222,002 335,700
Other creditors 21,697 32,916
243,699 368,616

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 40,000