Registered number: 06870313 | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Delmar World Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Clwyd | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06870313 | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Delmar World Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 JUNE 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Delmar World Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
342,072 | 437,103 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (147,062) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 84,286 | 90,242 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (195,232) | (242,642) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Delmar World Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | straight line 12.50% |
1c. Goodwill | ||||||||
1d. Turnover | ||||||||
Revenue is measured at the fair value of consideration received or receivable and is stated net of discounts and value added tax. | ||||||||
The company recognises revenue and directly associated costs on receipt of the final balance payable by clients. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 July 2023 | 300,000 | 300,000 | ||
At 30 June 2024 | 300,000 | 300,000 | ||
Depreciation | ||||
At 1 July 2023 | 30,000 | 30,000 | ||
For the year | 6,000 | 6,000 | ||
At 30 June 2024 | 36,000 | 36,000 | ||
Net Book Amounts | ||||
At 30 June 2024 | ||||
At 30 June 2023 | ||||
Delmar World Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Fixtures | ||||
and Fittings | Total | |||
£ | £ | |||
Cost | ||||
At 1 July 2023 | 78,497 | 78,497 | ||
Additions | 10,680 | 10,680 | ||
At 30 June 2024 | 89,177 | 89,177 | ||
Depreciation | ||||
At 1 July 2023 | 69,162 | 69,162 | ||
For the year | 3,975 | 3,975 | ||
At 30 June 2024 | 73,137 | 73,137 | ||
Net Book Amounts | ||||
At 30 June 2024 | 16,040 | |||
At 30 June 2023 | 9,335 | |||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 1,661 | 1,288 | ||||||
Prepayments | 7,118 | 6,535 | ||||||
Payments made in advance | 88,200 | 180,410 | ||||||
Directors current account | 838 | - | ||||||
97,817 | 188,233 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | 19,948 | 19,333 | ||||||
PAYE control | 1,502 | 1,949 | ||||||
Directors current account | - | 26,750 | ||||||
Bank loan (unsecured) | 5,956 | 5,956 | ||||||
Payments received on account | 406,958 | 511,307 | ||||||
Trade creditors | 4,658 | 4,089 | ||||||
Other creditors | 4,734 | 5,384 | ||||||
Pension schemes | 676 | 396 | ||||||
Accruals | 6,276 | 5,747 | ||||||
Deferred income - grants received | 2,346 | 3,254 | ||||||
453,054 | 584,165 | |||||||
Delmar World Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loan (unsecured) | 29,286 | 35,242 | ||||||
Redeemable preference shares | 55,000 | 55,000 | ||||||
84,286 | 90,242 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
280,000 | 280,000 | |||||||
280,004 | 280,004 | |||||||
9. OTHER FINANCIAL COMMITMENTS | ||||||||
At 30 June 2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 20,250 | 16,753 | ||||||
Within two to five years | - | 14,875 | ||||||
Delmar World Limited | ||||||||
10. MOVEMENT IN SHAREHOLDER FUNDS | 2024 | 2023 | ||||||
£ | £ | |||||||
Opening shareholders' funds | 37,362 | 81,822 | ||||||
Profit for the year | 53988 | 15,137 | ||||||
Prior year adjustment | 4,671 | (59,597) | ||||||
96,021 | 37,362 | |||||||
In prior reporting periods depreciation had been miscalculated. | ||||||||
The comparative figures for the year to 30 June 2023 have been restated by £4,664 to reflect amounts over depreciated in that year. | ||||||||
The prior year adjustments in the note above of £4,671 represents oversated depreciation in periods prior to 1 July 2022. |