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REGISTERED NUMBER: 03298975 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DELTA ENERGY (SERVICES) LIMITED

DELTA ENERGY (SERVICES) LIMITED (REGISTERED NUMBER: 03298975)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


DELTA ENERGY (SERVICES) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: R A Iles





REGISTERED OFFICE: No 6 Oak Court
Pilgrims Walk Prologis Park
Coventry
West Midlands
CV6 4QH





REGISTERED NUMBER: 03298975 (England and Wales)






DELTA ENERGY (SERVICES) LIMITED (REGISTERED NUMBER: 03298975)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,388 5,535

CURRENT ASSETS
Debtors 176,811 270,994
Cash at bank 18,018 18,012
194,829 289,006
CREDITORS
Amounts falling due within one year 152,895 183,156
NET CURRENT ASSETS 41,934 105,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,322

111,385

CAPITAL AND RESERVES
Called up share capital 7 21 21
Retained earnings 45,301 111,364
45,322 111,385

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 May 2024 and were signed on its behalf by:



R A Iles - Director


DELTA ENERGY (SERVICES) LIMITED (REGISTERED NUMBER: 03298975)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Delta Energy (Services) 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 3 years

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DELTA ENERGY (SERVICES) LIMITED (REGISTERED NUMBER: 03298975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 67,768
DEPRECIATION
At 1 January 2023 62,233
Charge for year 2,147
At 31 December 2023 64,380
NET BOOK VALUE
At 31 December 2023 3,388
At 31 December 2022 5,535

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,713 11,076
Between one and five years 2,701 9,415
9,414 20,491

6. DEFERRED TAX
£   
Balance at 1 January 2023 (10,865 )
Credit to Income Statement during year (408 )
Deferred tax on losses (9,870 )
Balance at 31 December 2023 (21,143 )

DELTA ENERGY (SERVICES) LIMITED (REGISTERED NUMBER: 03298975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
Value: £ £

17 Ordinary A £1 17 17
1 (2020 - nil) Ordinary B £1 1 1
1 (2020 - nil) Ordinary C £1 1 1
1 (2020 - nil) Ordinary D £1 1 1
1 (2020 - nil) Ordinary E £1 1 1
21 21

Ordinary A shares are entitled to voting rights and is entitled to participate in a distribution arising from a winding up of the company.

Ordinary B, C, D and E shares have no voting rights and is not entitled to participate in a distribution arising from a winding up of the company.

8. PENSION COMMITMENTS

The company operates defined contribution pension schemes in respect of certain employees. The schemes and their assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £11,670 (2022 - £10,476).

Included within creditors is a balance due to pension providers of £808 (2022 - £1,025) representing contributions owed to the funds.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M G McDonald
Balance outstanding at start of year 15,024 15,400
Amounts advanced 1,391 11,585
Amounts repaid - (11,961 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,415 15,024

The directors loan account is repayable on demand and carries no interest rate.

DELTA ENERGY (SERVICES) LIMITED (REGISTERED NUMBER: 03298975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is, Delta Group AS, incorporated in Norway.

Delta Group AS consolidates these financial statements, and are available on request from the registered office address:

PO Box 388 Sentrum
4002 Stavanger
Norway

The ultimate controlling party of the company is R A Iles by virtue of his 100% shareholding in the parent company Delta Group AS.

11. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.