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REGISTERED NUMBER: 04857787 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DELGAR LTD

DELGAR LTD (REGISTERED NUMBER: 04857787)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELGAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs A C Drewell
Miss L Drewell





SECRETARY: Mrs A C Drewell





REGISTERED OFFICE: Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 04857787 (England and Wales)





ACCOUNTANTS: SRG Newmans Ltd
Chartered Certified Accountants
Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

DELGAR LTD (REGISTERED NUMBER: 04857787)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,734 9,200
5,734 9,200

CURRENT ASSETS
Debtors 6 72,484 66,097
Cash at bank and in hand 46,152 112,660
118,636 178,757
CREDITORS
Amounts falling due within one year 7 21,953 25,609
NET CURRENT ASSETS 96,683 153,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,417

162,348

CAPITAL AND RESERVES
Called up share capital 136 136
Capital redemption reserve 8 8
Retained earnings 102,273 162,204
SHAREHOLDERS' FUNDS 102,417 162,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

DELGAR LTD (REGISTERED NUMBER: 04857787)

BALANCE SHEET - continued
31 JANUARY 2024


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

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 27 March 2024 and were signed on its behalf by:





Mrs A C Drewell - Director


DELGAR LTD (REGISTERED NUMBER: 04857787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Delgar Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparation
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.

Going concern
The director believes that the company is experiencing good levels of sales and profitability despite the current difficult times surrounding the COVID-19 virus, and that it is well placed to manage its business and staff risks successfully, with sufficient systems in place. Accordingly there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost


DELGAR LTD (REGISTERED NUMBER: 04857787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

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 21 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 300,000
AMORTISATION
At 1 February 2023
and 31 January 2024 300,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

DELGAR LTD (REGISTERED NUMBER: 04857787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 2,003 21,835 32,262 48,854 104,954
Additions - 239 - 148 387
At 31 January 2024 2,003 22,074 32,262 49,002 105,341
DEPRECIATION
At 1 February 2023 1,941 18,820 29,448 45,545 95,754
Charge for year 16 813 703 2,321 3,853
At 31 January 2024 1,957 19,633 30,151 47,866 99,607
NET BOOK VALUE
At 31 January 2024 46 2,441 2,111 1,136 5,734
At 31 January 2023 62 3,015 2,814 3,309 9,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,750 62,823
Other debtors 4,194 1,485
Prepayments 1,540 1,789
72,484 66,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,466 2,115
Tax - 8,692
Social security and other taxes 13,656 12,599
Other creditors 3,726 1,409
Directors' current accounts 1,105 794
21,953 25,609

8. ULTIMATE CONTROLLING PARTY

It is the opinion of the director that Mrs A C Drewell is the controlling party by virtue of her majority shareholding.