Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalseRenting, leasing & selling of new cars, used cars & light motor vehicles11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13278832 2023-04-01 2024-03-31 13278832 2022-04-01 2023-03-31 13278832 2024-03-31 13278832 2023-03-31 13278832 c:Director1 2023-04-01 2024-03-31 13278832 d:CurrentFinancialInstruments 2024-03-31 13278832 d:CurrentFinancialInstruments 2023-03-31 13278832 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13278832 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13278832 d:UKTax 2023-04-01 2024-03-31 13278832 d:UKTax 2022-04-01 2023-03-31 13278832 d:ShareCapital 2024-03-31 13278832 d:ShareCapital 2023-03-31 13278832 d:RetainedEarningsAccumulatedLosses 2024-03-31 13278832 d:RetainedEarningsAccumulatedLosses 2023-03-31 13278832 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13278832 c:OrdinaryShareClass1 2024-03-31 13278832 c:OrdinaryShareClass1 2023-03-31 13278832 c:FRS102 2023-04-01 2024-03-31 13278832 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13278832 c:FullAccounts 2023-04-01 2024-03-31 13278832 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13278832 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13278832









DELTA LEASE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DELTA LEASE LIMITED
REGISTERED NUMBER: 13278832

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
229
490

Cash at bank and in hand
 6 
2,316
13,271

  
2,545
13,761

Creditors: amounts falling due within one year
 7 
(875)
(11,541)

Net current assets
  
 
 
1,670
 
 
2,220

Total assets less current liabilities
  
1,670
2,220

  

Net assets
  
1,670
2,220


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,570
2,120

  
1,670
2,220


Page 1

 
DELTA LEASE LIMITED
REGISTERED NUMBER: 13278832
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr E A J Kuipers
Director

Date: 24 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DELTA LEASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Delta Lease Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. 
The company's principal activity is that of renting, leasing and sales of new and used cars and light motor vehicles.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
DELTA LEASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
DELTA LEASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
(129)
157


(129)
157


Total current tax
(129)
157

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

The main rate of corporation tax in the UK increased to 25% in April 2023. Otherwise, there are no factors that may affect future tax charges.

Page 5

 
DELTA LEASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
100
100

Other debtors
129
390

229
490



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,316
13,271

2,316
13,271



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
8,894

Corporation tax
-
157

Accruals and deferred income
875
2,490

875
11,541



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



9.


Related party transactions

During the year the company paid a management charge of £nil (2023: £8,895) to the parent company, Delta Lease B.V. 

 
Page 6