Delta Management And Consulting Limited
Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 02824551 (England and Wales)
Delta Management and Consulting Limited
Delta Management And Consulting Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Delta Management and Consulting Limited
Delta Management And Consulting Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
298,000
80,400
Cash at bank and in hand
5,710
26,954
303,710
107,354
Creditors: amounts falling due within one year
4
(377,611)
(158,358)
Net current liabilities
(73,901)
(51,004)
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
(74,901)
(52,004)
Total equity
(73,901)
(51,004)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 July 2024 and are signed on its behalf by:
S Zelicha
R Saban
Director
Director
Company Registration No. 02824551
Delta Management and Consulting Limited
Delta Management And Consulting Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information
Delta Management and Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the balance sheet date, the company made a trueloss for the year of £112,897 (2022: Loss of £27,829), and had net liabilities at that date of £163,901. Subsequent to the year end, the company has continued to trade in line with previously set expectations. The company’s parent company, Rhonda Limited has confirmed that it will provide financial support to the company for a period of at least 12 months from the date of approval of these financial statements. Therefore the directors believe that it is appropriate to prepare these financial statements on a going concern basis.
1.3
Turnover
Turnover represents amounts receivable from the provision of management and consulting services. Sales are recognised at the date the services are provided.
1.4
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost with no items measured at fair value.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 5 (2022: 5).
Delta Management and Consulting Limited
Delta Management And Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
78,000
78,000
Other debtors
-
2,400
Prepayments and accrued income
220,000
298,000
80,400
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
357,426
137,426
Taxation and social security
15,685
15,932
Accruals and deferred income
4,500
5,000
377,611
158,358
5
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
The senior statutory auditor was Jonathan Dawson
The auditor was Moore Kingston Smith LLP.
7
Parent company
The company's parent undertaking is Rhonda Limited (a company registered in Charter Place, 23/27 Seaton Place, St Helier, Jersey, Channel Islands JE1 1JY) by virtue of their ownership of 100% of the issues share capital in the company.
There is no ultimate controlling party.