60 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 124,893 107,199 17,694 124,893 17,694 xbrli:pure xbrli:shares iso4217:GBP 10931172 2022-09-01 2023-08-31 10931172 2023-08-31 10931172 2022-08-31 10931172 2021-09-01 2022-08-31 10931172 2022-08-31 10931172 core:NetGoodwill 2022-09-01 2023-08-31 10931172 core:LandBuildings core:ShortLeaseholdAssets 2022-09-01 2023-08-31 10931172 core:PlantMachinery 2022-09-01 2023-08-31 10931172 core:FurnitureFittings 2022-09-01 2023-08-31 10931172 core:MotorVehicles 2022-09-01 2023-08-31 10931172 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10931172 bus:Director1 2022-09-01 2023-08-31 10931172 core:WithinOneYear 2023-08-31 10931172 core:WithinOneYear 2022-08-31 10931172 core:NetGoodwill 2022-08-31 10931172 core:NetGoodwill 2023-08-31 10931172 core:LandBuildings core:ShortLeaseholdAssets 2022-08-31 10931172 core:PlantMachinery 2022-08-31 10931172 core:FurnitureFittings 2022-08-31 10931172 core:MotorVehicles 2022-08-31 10931172 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 10931172 core:PlantMachinery 2023-08-31 10931172 core:FurnitureFittings 2023-08-31 10931172 core:MotorVehicles 2023-08-31 10931172 core:AfterOneYear 2023-08-31 10931172 core:AfterOneYear 2022-08-31 10931172 core:ShareCapital 2023-08-31 10931172 core:ShareCapital 2022-08-31 10931172 core:RetainedEarningsAccumulatedLosses 2023-08-31 10931172 core:RetainedEarningsAccumulatedLosses 2022-08-31 10931172 core:NetGoodwill 2022-08-31 10931172 core:AcceleratedTaxDepreciationDeferredTax 2023-08-31 10931172 core:AcceleratedTaxDepreciationDeferredTax 2022-08-31 10931172 core:TaxLossesCarry-forwardsDeferredTax 2022-08-31 10931172 core:RetirementBenefitObligationsDeferredTax 2023-08-31 10931172 core:LandBuildings core:ShortLeaseholdAssets 2022-08-31 10931172 core:PlantMachinery 2022-08-31 10931172 core:FurnitureFittings 2022-08-31 10931172 core:MotorVehicles 2022-08-31 10931172 bus:SmallEntities 2022-09-01 2023-08-31 10931172 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 10931172 bus:FullAccounts 2022-09-01 2023-08-31 10931172 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10931172 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10931172 bus:OrdinaryShareClass1 2023-08-31 10931172 bus:OrdinaryShareClass1 2022-08-31 10931172 core:ComputerEquipment 2022-09-01 2023-08-31 10931172 core:ComputerEquipment 2022-08-31 10931172 core:ComputerEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 10931172
DELILAURENT39 LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2023
DELILAURENT39 LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 8
DELILAURENT39 LIMITED
BALANCE SHEET
31 August 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
17,694
Tangible assets
6
210,841
275,488
------------
------------
210,841
293,182
Current assets
Stocks
7
170,000
230,000
Debtors
8
222,996
224,170
Cash at bank and in hand
263,153
433,601
------------
------------
656,149
887,771
Creditors: amounts falling due within one year
9
( 415,656)
( 444,557)
------------
------------
Net current assets
240,493
443,214
------------
------------
Total assets less current liabilities
451,334
736,396
Creditors: amounts falling due after more than one year
10
( 301,318)
( 391,830)
Provisions
( 40,371)
( 33,201)
------------
------------
Net assets
109,645
311,365
------------
------------
Capital and reserves
Called up share capital
12
1
1
Profit and loss account
109,644
311,364
------------
------------
Shareholders funds
109,645
311,365
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DELILAURENT39 LIMITED
BALANCE SHEET (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
Mr X A Laurent
Director
Company registration number: 10931172
DELILAURENT39 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
16% reducing balance
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured 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 the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 60 (2022: 41 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2022 and 31 August 2023
124,893
------------
Amortisation
At 1 September 2022
107,199
Charge for the year
17,694
------------
At 31 August 2023
124,893
------------
Carrying amount
At 31 August 2023
------------
At 31 August 2022
17,694
------------
6. Tangible assets
Short leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Sep 2022
104,045
187,481
47,891
38,418
29,131
406,966
Additions
4,875
797
1,848
7,520
------------
------------
------------
------------
------------
------------
At 31 Aug 2023
104,045
192,356
48,688
38,418
30,979
414,486
------------
------------
------------
------------
------------
------------
Depreciation
At 1 Sep 2022
26,567
59,807
13,736
14,371
16,997
131,478
Charge for the year
12,939
33,138
12,172
6,012
7,906
72,167
------------
------------
------------
------------
------------
------------
At 31 Aug 2023
39,506
92,945
25,908
20,383
24,903
203,645
------------
------------
------------
------------
------------
------------
Carrying amount
At 31 Aug 2023
64,539
99,411
22,780
18,035
6,076
210,841
------------
------------
------------
------------
------------
------------
At 31 Aug 2022
77,478
127,674
34,155
24,047
12,134
275,488
------------
------------
------------
------------
------------
------------
7. Stocks
2023
2022
£
£
Raw materials and consumables
170,000
230,000
------------
------------
8. Debtors
2023
2022
£
£
Trade debtors
5,364
Prepayments and accrued income
207,162
196,147
Corporation tax repayable
15,834
22,659
------------
------------
222,996
224,170
------------
------------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
81,432
76,080
Trade creditors
193,729
235,551
Accruals and deferred income
80,206
79,307
Social security and other taxes
47,366
35,803
Obligations under finance leases and hire purchase contracts
9,079
11,375
Director loan account
459
573
Other creditors
3,385
5,868
------------
------------
415,656
444,557
------------
------------
Within bank loans and overdrafts is a loan under one year of £40,899 (2022: £37,244) that is a government backed loan.
The finance leases and hire purchase contracts are secured upon the assets purchased.
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
289,610
371,042
Obligations under finance leases and hire purchase contracts
11,708
20,788
------------
------------
301,318
391,830
------------
------------
Within bank loans and overdrafts is a loan over one year of £153,148 (2022: £194,048) that is a government backed loan.
The finance leases and hire purchase contracts are secured upon the assets purchased.
11. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
40,371
33,201
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
40,704
55,884
Unused tax losses
( 22,683)
Pension plan obligations
( 333)
------------
------------
40,371
33,201
------------
------------
12. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
------------
------------
------------
------------
13. Operating leases
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £2,685,009 (2022: £3,011,754).
14. Related party transactions
Included in creditors is a loan from the director of £459 (2022: £573) this loan is unsecured, repayable on demand and currently interest free.
15. Controlling party
The company is controlled by Mr X A Laurent .