Registered number
10469700
DELTA GROUP INSTALLATIONS LTD
Filleted Accounts
30 November 2023
DELTA GROUP INSTALLATIONS LTD
Registered number: 10469700
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 59,842 74,389
Current assets
Debtors 4 27,566 86,202
Cash at bank and in hand 260,064 390,055
287,630 476,257
Creditors: amounts falling due within one year 5 (16,681) (96,198)
Net current assets 270,949 380,059
Total assets less current liabilities 330,791 454,448
Creditors: amounts falling due after more than one year 6 (25,674) (42,853)
Net assets 305,117 411,595
Capital and reserves
Called up share capital 300 300
Profit and loss account 304,817 411,295
Shareholders' funds 305,117 411,595
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dimitar Mitev
Director
Approved by the board on 2 February 2024
DELTA GROUP INSTALLATIONS LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 101,080
Additions 655
At 30 November 2023 101,735
Depreciation
At 1 December 2022 26,691
Charge for the year 15,202
At 30 November 2023 41,893
Net book value
At 30 November 2023 59,842
At 30 November 2022 74,389
4 Debtors 2023 2022
£ £
Trade debtors 27,566 85,562
Other debtors - 640
27,566 86,202
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 10,612 13,123
Trade creditors 15,635 61,904
Taxation and social security costs (18,907) 1,249
Other creditors 9,341 19,922
16,681 96,198
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 25,674 42,853
7 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of his ownership of the company’s entire issued share capital.
8 Other information
DELTA GROUP INSTALLATIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Ormesby Close
Aylesbury
HP21 7JX
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