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Company Registration No. 02946308 (England and Wales)
Delcraven Limited Unaudited accounts for the year ended 30 April 2024
Delcraven Limited Unaudited accounts Contents
Page
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Delcraven Limited Company Information for the year ended 30 April 2024
Directors
Sandra Bayley Wayne Bayley
Company Number
02946308 (England and Wales)
Registered Office
1 Bayley Paddock Mill Lane Littleworth RH13 8JU
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Delcraven Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,848 
39,246 
Current assets
Inventories
137,390 
373,658 
Debtors
7,398 
6,869 
Cash at bank and in hand
31,530 
1,704 
176,318 
382,231 
Creditors: amounts falling due within one year
(591,193)
(437,968)
Net current liabilities
(414,875)
(55,737)
Total assets less current liabilities
(413,027)
(16,491)
Creditors: amounts falling due after more than one year
(35,130)
(377,000)
Net liabilities
(448,157)
(393,491)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(448,159)
(393,493)
Shareholders' funds
(448,157)
(393,491)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Wayne Bayley Director Company Registration No. 02946308
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Delcraven Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Delcraven Limited is a private company, limited by shares, registered in England and Wales, registration number 02946308. The registered office is 1 Bayley Paddock, Mill Lane, Littleworth, RH13 8JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue, described as turnover is the the fair value of the consideration received or receivable for the sale of goods and 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.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is charged so as to write off the cost of the assets, other than land and properties under construction over their estimated useful lives, as follows:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Stock
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Delcraven Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
49,584 
3,538 
53,122 
Disposals
(36,783)
- 
(36,783)
At 30 April 2024
12,801 
3,538 
16,339 
Depreciation
At 1 May 2023
10,607 
3,269 
13,876 
Charge for the year
548 
67 
615 
At 30 April 2024
11,155 
3,336 
14,491 
Net book value
At 30 April 2024
1,646 
202 
1,848 
At 30 April 2023
38,977 
269 
39,246 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
5,999 
5,062 
Other debtors
1,399 
1,807 
7,398 
6,869 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,563 
4,287 
Taxes and social security
1,846 
6,372 
Loans from directors
584,784 
426,309 
Accruals
1,000 
1,000 
591,193 
437,968 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,130 
377,000 
8
Transactions with related parties
Interest is not being charged on a related party loan of £584,784 (2023: £426,308) included within creditors. The balance is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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