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REGISTERED NUMBER: 08353645 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Delayed Strike Technology Limited

Delayed Strike Technology Limited (Registered number: 08353645)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Delayed Strike Technology Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr R W J Cordle





SECRETARY: Mrs A T Cordle





REGISTERED OFFICE: High House
Lower Chicksgrove
Tisbury
Salisbury
Wiltshire
SP3 6NB





REGISTERED NUMBER: 08353645 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Delayed Strike Technology Limited (Registered number: 08353645)

Abridged Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 95,233 94,792
Tangible assets 5 999 1,372
96,232 96,164

CURRENT ASSETS
Stocks 154,122 169,424
Debtors 1,813 12,453
Prepayments and accrued income 1,606 2,067
Cash at bank 215,295 235,444
372,836 419,388
CREDITORS
Amounts falling due within one year 232,881 226,382
NET CURRENT ASSETS 139,955 193,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,187

289,170

CREDITORS
Amounts falling due after more than one year (268,000 ) (288,000 )

ACCRUALS AND DEFERRED INCOME (1,825 ) (1,675 )
NET LIABILITIES (33,638 ) (505 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 6,313 6,313
Retained earnings (40,951 ) (7,818 )
SHAREHOLDERS' FUNDS (33,638 ) (505 )

Delayed Strike Technology Limited (Registered number: 08353645)

Abridged Statement of Financial Position - continued
31 January 2024


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 director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





Mr R W J Cordle - Director


Delayed Strike Technology Limited (Registered number: 08353645)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Delayed Strike Technology Limited 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 preparing the financial statements
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.

These financial statements have been prepared on the going concern basis which relies on the continued support of the directors and the company bankers. The directors have confirmed their support of the company for a period not less than twelve months from the date of signing these 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.

Patents and licences
Patents and licences are included at cost. These are amortised over their useful lives of twenty years.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
No deferred tax has been recognised due to the timing differences being less than the available losses.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Delayed Strike Technology Limited (Registered number: 08353645)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 118,462
Additions 6,633
At 31 January 2024 125,095
AMORTISATION
At 1 February 2023 23,670
Amortisation for year 6,192
At 31 January 2024 29,862
NET BOOK VALUE

At 31 January 2024 95,233
At 31 January 2023 94,792

Delayed Strike Technology Limited (Registered number: 08353645)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 89,705
DEPRECIATION
At 1 February 2023 88,333
Charge for year 373
At 31 January 2024 88,706
NET BOOK VALUE
At 31 January 2024 999
At 31 January 2023 1,372

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 268,000 288,000

7. PENSION COMMITMENTS

The company operates a money purchase pension scheme on behalf of its directors and employees. The assets of the scheme are held separately in an independently administered fund. At the balance sheet date, unpaid contributions of £56 (2023 - £38) were due to the fund. These are included within creditors.

8. OTHER FINANCIAL COMMITMENTS

There were no other commitments, contingencies or guarantees made on behalf of the director.

9. OFF-BALANCE SHEET ARRANGEMENTS

There were no off-balance sheet arrangements at the balance sheet date.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There were no advances to the director, Mr R W J Cordle during the financial year. At the financial year end, the director was owed a balance of £213,550 (2023 - £218,550). The loan is unsecured, interest free and repayable on demand.

A balance of £268,000 (2023 - £288,000) was owed to Mrs A T Cordle, the company secretary, at the financial year end. The loan is unsecured, interest free and repayable on demand. Mrs A T Cordle is the spouse of the director, Mr R W J Cordle.

Delayed Strike Technology Limited (Registered number: 08353645)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. SHARE-BASED PAYMENT TRANSACTIONS

The company had issued share options to certain individuals to subscribe for ordinary shares of the company. All of the options had been granted under the company Enterprise Management Incentive Scheme. No further share options were granted during the the financial year (2023 - Nil). The number of remaining share options granted which are exercisable under the scheme as at the financial year end was Nil (2023 - Nil). The share options had an exercise price of £58.50 per ordinary share.