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REGISTERED NUMBER: 12096247 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DELTA SHEET METAL LTD

DELTA SHEET METAL LTD (REGISTERED NUMBER: 12096247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


DELTA SHEET METAL LTD (REGISTERED NUMBER: 12096247)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 738,668 312,207

CURRENT ASSETS
Stocks 19,250 17,000
Debtors 5 345,372 175,393
Cash at bank 227,118 33,723
591,740 226,116
CREDITORS
Amounts falling due within one year 6 612,151 212,920
NET CURRENT (LIABILITIES)/ASSETS (20,411 ) 13,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,257

325,403

CREDITORS
Amounts falling due after more than one
year

7

(594,085

)

(274,596

)

PROVISIONS FOR LIABILITIES (40,000 ) (14,000 )
NET ASSETS 84,172 36,807

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 84,071 36,706
SHAREHOLDERS' FUNDS 84,172 36,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 SHEET METAL LTD (REGISTERED NUMBER: 12096247)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 March 2024 and were signed by:





J C Edmonds - Director


DELTA SHEET METAL LTD (REGISTERED NUMBER: 12096247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Delta Sheet Metal Ltd is a private company, limited by shares, registered in England and Wales, registered
number 12096247. Its registered office is Admiral House, Waterfront East, Brierley Hill, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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.

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

DELTA SHEET METAL LTD (REGISTERED NUMBER: 12096247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Job retention scheme bonus
Amounts receivable under the Coronavirus Job Retention Scheme have been accounted for on an accruals basis.

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans 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 receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 428,153
Additions 480,280
At 31 December 2023 908,433
DEPRECIATION
At 1 January 2023 115,946
Charge for year 53,819
At 31 December 2023 169,765
NET BOOK VALUE
At 31 December 2023 738,668
At 31 December 2022 312,207

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 276,217 167,054
Other debtors 69,155 8,339
345,372 175,393

DELTA SHEET METAL LTD (REGISTERED NUMBER: 12096247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 45,559 19,559
Hire purchase contracts (see note 8) 167,271 67,887
Trade creditors 341,933 100,589
Taxation and social security 4,858 22,674
Other creditors 52,530 2,211
612,151 212,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 31,570 51,218
Hire purchase contracts (see note 8) 562,515 177,378
Other creditors - 46,000
594,085 274,596

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 167,271 67,887
Between one and five years 562,515 177,378
729,786 245,265

Non-cancellable
operating leases
31.12.23 31.12.22
£    £   
Within one year 40,318 21,500
Between one and five years 92,488 17,338
In more than five years 118,904 -
251,710 38,838

DELTA SHEET METAL LTD (REGISTERED NUMBER: 12096247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 77,129 70,777
Hire purchase contracts 729,786 245,265
806,915 316,042

The hire purchase liability is secured against the assets financed. The loans are secured by fixed and floating
charges against the assets of the company.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,000 (2022 - £12,000) were paid to the director .