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Registered number: 13767194
Deltashor Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Deltashor Ltd For The Year Ended 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Deltashor Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Deltashor Ltd , as a body, in accordance with the terms of our engagement letter dated 06 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Deltashor Ltd and state those matters that we have agreed to state to the director of Deltashor Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deltashor Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Deltashor Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Deltashor Ltd . You consider that Deltashor Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Deltashor Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
06/09/2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Page 1
Page 2
Statement of Financial Position
Registered number: 13767194
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,295,967 747,023
1,295,967 747,023
CURRENT ASSETS
Debtors 5 1,365,491 1,029,190
Cash at bank and in hand 295,308 168,549
1,660,799 1,197,739
Creditors: Amounts Falling Due Within One Year 6 (1,961,622 ) (1,660,178 )
NET CURRENT ASSETS (LIABILITIES) (300,823 ) (462,439 )
TOTAL ASSETS LESS CURRENT LIABILITIES 995,144 284,584
Creditors: Amounts Falling Due After More Than One Year 7 (99,540 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (212,935 ) (71,022 )
NET ASSETS 682,669 213,562
CAPITAL AND RESERVES
Called up share capital 10 200 200
Income Statement 682,469 213,362
SHAREHOLDERS' FUNDS 682,669 213,562
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Richard Sproule
Director
05/09/2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Deltashor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13767194 . The registered office is Thomand House, Beacon Hill Industrial Estate, Botany Way, Purfleet, RM19 1SR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.7. 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 statement of financial position 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 8)
17 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 765,030 - 2,890 767,920
Additions 1,018,541 139,000 2,034 1,159,575
Disposals (585,777 ) - - (585,777 )
As at 31 January 2024 1,197,794 139,000 4,924 1,341,718
Depreciation
As at 1 February 2023 20,770 - 127 20,897
Provided during the period 33,075 10,417 888 44,380
Disposals (19,526 ) - - (19,526 )
As at 31 January 2024 34,319 10,417 1,015 45,751
...CONTINUED
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Net Book Value
As at 31 January 2024 1,163,475 128,583 3,909 1,295,967
As at 1 February 2023 744,260 - 2,763 747,023
5. Debtors
31 January 2024 31 January 2023
£ £
Due within one year
Trade debtors 1,343,229 1,026,675
Prepayments and accrued income 8,920 2,515
Other debtors 13,342 -
1,365,491 1,029,190
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,047 -
Trade creditors 1,479,936 1,328,666
Corporation tax 14,852 -
Other taxes and social security 49,451 45,967
Other creditors 393,086 134,244
Accruals and deferred income 3,250 151,301
1,961,622 1,660,178
7. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 January 2023
£ £
Net obligations under finance lease and hire purchase contracts 99,540 -
99,540 -
8. Secured Creditors
Of the creditors the following amounts are secured.
31 January 2024 31 January 2023
£ £
Net obligations under finance lease and hire purchase contracts 120,587 -
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9. Obligations Under Finance Leases and Hire Purchase
31 January 2024 31 January 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,047 -
Later than one year and not later than five years 99,540 -
120,587 -
120,587 -
10. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 200 200
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Richard Sproule - 13,342 - - 13,342
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
T Vaughan LimitedA company wholly owned by the majority shareholder.During the year Deltashor Ltd supplied the company equipment hire at market rate. Included in trade debtors is £50,209 (2023: £206,113) owing from T Vaughan Limited. Included in trade creditors is £53,539 (2023: £10,439) owing to T Vaughan Limited.

T Vaughan Limited

A company wholly owned by the majority shareholder.

During the year Deltashor Ltd supplied the company equipment hire at market rate. Included in trade debtors is £50,209 (2023: £206,113) owing from T Vaughan Limited. Included in trade creditors is £53,539 (2023: £10,439) owing to T Vaughan Limited.

T Vaughan Plant LimitedA company wholly owned by the majority shareholder.T Vaughan Plant Limited supplied Deltashor Ltd equipment hire at market rate. Included in trade debtors is Nil (2023: £1,304) owing from T Vaughan Plant Limited. Included in trade creditors is £58,073 (2023: £293,649) owing to T Vaughan Plant Limited. Included in other creditors is £390,000 (2023: £132,472) owing to T Vaughan Plant Limited. This is due and payable on demand.

T Vaughan Plant Limited

A company wholly owned by the majority shareholder.

T Vaughan Plant Limited supplied Deltashor Ltd equipment hire at market rate. Included in trade debtors is Nil (2023: £1,304) owing from T Vaughan Plant Limited. Included in trade creditors is £58,073 (2023: £293,649) owing to T Vaughan Plant Limited. Included in other creditors is £390,000 (2023: £132,472) owing to T Vaughan Plant Limited. This is due and payable on demand.

13. Controlling Party
The company's controlling party is Tom Vaughan by virtue of his ownership of 80% of the issued share capital in the company.
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