Dont Deliver Late Ltd 07499650 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Freight transport by road Digita Accounts Production Advanced 6.30.9574.0 true true true 07499650 2023-04-01 2024-03-31 07499650 2024-03-31 07499650 bus:OrdinaryShareClass1 2024-03-31 07499650 core:CurrentFinancialInstruments 2024-03-31 07499650 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07499650 core:Non-currentFinancialInstruments 2024-03-31 07499650 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07499650 core:Goodwill 2024-03-31 07499650 core:FurnitureFittingsToolsEquipment 2024-03-31 07499650 core:MotorVehicles 2024-03-31 07499650 core:OtherPropertyPlantEquipment 2024-03-31 07499650 bus:SmallEntities 2023-04-01 2024-03-31 07499650 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07499650 bus:FilletedAccounts 2023-04-01 2024-03-31 07499650 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07499650 bus:RegisteredOffice 2023-04-01 2024-03-31 07499650 bus:Director1 2023-04-01 2024-03-31 07499650 bus:Director2 2023-04-01 2024-03-31 07499650 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07499650 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07499650 core:Goodwill 2023-04-01 2024-03-31 07499650 core:FurnitureFittings 2023-04-01 2024-03-31 07499650 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07499650 core:MotorVehicles 2023-04-01 2024-03-31 07499650 core:OfficeEquipment 2023-04-01 2024-03-31 07499650 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07499650 core:PlantMachinery 2023-04-01 2024-03-31 07499650 1 2023-04-01 2024-03-31 07499650 countries:AllCountries 2023-04-01 2024-03-31 07499650 2023-03-31 07499650 core:Goodwill 2023-03-31 07499650 core:FurnitureFittingsToolsEquipment 2023-03-31 07499650 core:MotorVehicles 2023-03-31 07499650 core:OtherPropertyPlantEquipment 2023-03-31 07499650 2022-04-01 2023-03-31 07499650 2023-03-31 07499650 bus:OrdinaryShareClass1 2023-03-31 07499650 core:CurrentFinancialInstruments 2023-03-31 07499650 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07499650 core:Non-currentFinancialInstruments 2023-03-31 07499650 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07499650 core:FurnitureFittingsToolsEquipment 2023-03-31 07499650 core:MotorVehicles 2023-03-31 07499650 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07499650

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Company Information

Directors

Mr Karl Hill

Mrs Joanne Hill

Registered office

B6 Safestore Elstow Road
Kempston
Bedford
MK42 8PL

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

(Registration number: 07499650)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

32,467

39,889

Current assets

 

Debtors

6

203,904

271,528

Cash at bank and in hand

 

163,653

183,505

 

367,557

455,033

Creditors: Amounts falling due within one year

7

(161,691)

(225,124)

Net current assets

 

205,866

229,909

Total assets less current liabilities

 

238,333

269,798

Creditors: Amounts falling due after more than one year

7

(8,333)

(33,333)

Provisions for liabilities

(6,169)

(7,579)

Net assets

 

223,831

228,886

Capital and reserves

 

Called up share capital

100

100

Retained earnings

223,731

228,786

Shareholders' funds

 

223,831

228,886

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

(Registration number: 07499650)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 19 August 2024 and signed on its behalf by:
 

.........................................
Mr Karl Hill
Director

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Unitied Kingdom.

The address of its registered office is:
B6 Safestore Elstow Road
Kempston
Bedford
MK42 8PL
England

These financial statements were authorised for issue by the Board on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and Fittings

25% reducing balance

Motor Vehicles

20% reducing balance

Office equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 9).

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

15,000

15,000

At 31 March 2024

15,000

15,000

Amortisation

At 1 April 2023

15,000

15,000

At 31 March 2024

15,000

15,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

11,289

47,340

1,161

59,790

Additions

890

-

-

890

Disposals

(392)

-

-

(392)

At 31 March 2024

11,787

47,340

1,161

60,288

Depreciation

At 1 April 2023

6,793

12,197

911

19,901

Charge for the year

1,184

7,028

62

8,274

Eliminated on disposal

(354)

-

-

(354)

At 31 March 2024

7,623

19,225

973

27,821

Carrying amount

At 31 March 2024

4,164

28,115

188

32,467

At 31 March 2023

4,496

35,143

250

39,889

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

201,369

265,345

Prepayments

2,535

3,609

Other debtors

-

2,574

 

203,904

271,528

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

25,000

25,000

Trade creditors

 

67,336

105,856

Taxation and social security

 

57,887

63,673

Accruals and deferred income

 

1,575

1,450

Other creditors

 

9,893

29,145

 

161,691

225,124

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12

8,333

33,333

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         
 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Dividends

2024

2023

£

£

Interim dividend of £850.00 (2023 - £760.00) per ordinary share

85,000

76,000

 

 

10

Related party transactions

At the balance sheet date, the company owed £8,730 to (2023: £28,338) to the directors of the company, there is no interest charged and no terms of capital repayment.

 

Dont Deliver Late Ltd

trading as Don't Deliver Late Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

11

Ultimate controlling party

The ultimate controlling party is Karl Hill, by virtual of his shareholdings.

12

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,333

33,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

25,000

25,000

Within loans and borrowings there is a £33,333 Coronavirus business interruption loan from the government provided through Natwest.A charge is in place over all assets of the company arising on the loan.