Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01The company provides telecommunication engineering services.3142truetruefalse 11838900 2023-03-01 2024-02-29 11838900 2022-03-01 2023-02-28 11838900 2024-02-29 11838900 2023-02-28 11838900 c:Director2 2023-03-01 2024-02-29 11838900 d:PlantMachinery 2023-03-01 2024-02-29 11838900 d:PlantMachinery 2024-02-29 11838900 d:PlantMachinery 2023-02-28 11838900 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11838900 d:CurrentFinancialInstruments 2024-02-29 11838900 d:CurrentFinancialInstruments 2023-02-28 11838900 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11838900 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11838900 d:ShareCapital 2024-02-29 11838900 d:ShareCapital 2023-02-28 11838900 d:RetainedEarningsAccumulatedLosses 2024-02-29 11838900 d:RetainedEarningsAccumulatedLosses 2023-02-28 11838900 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 11838900 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 11838900 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11838900 c:OrdinaryShareClass1 2024-02-29 11838900 c:OrdinaryShareClass1 2023-02-28 11838900 c:FRS102 2023-03-01 2024-02-29 11838900 c:Audited 2023-03-01 2024-02-29 11838900 c:FullAccounts 2023-03-01 2024-02-29 11838900 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11838900 c:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11838900 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11838900










DELTAPRO TECH LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
DELTAPRO TECH LTD
REGISTERED NUMBER: 11838900

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,683
8,723

  
2,683
8,723

Current assets
  

Debtors: amounts falling due within one year
 5 
168,268
683,511

Cash at bank and in hand
 6 
359,541
433,800

  
527,809
1,117,311

Creditors: amounts falling due within one year
 7 
(395,277)
(1,000,647)

Net current assets
  
 
 
132,532
 
 
116,664

Total assets less current liabilities
  
135,215
125,387

Provisions for liabilities
  

Deferred tax
 9 
(671)
(1,657)

  
 
 
(671)
 
 
(1,657)

Net assets
  
134,544
123,730


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
134,444
123,630

  
134,544
123,730

Page 1

 
DELTAPRO TECH LTD
REGISTERED NUMBER: 11838900
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2024.




M A Luca
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
DELTAPRO TECH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The Company is a private company with share capital, incorporated and registered in England and Wales. The registered office is 3rd Floor Office, 207 Regent Street, London W1B 3HH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

The Company's revenue is derived from the provision of services.  Revenue is invoiced and recognised in line with time spent at agreed rates.  Revenue in respect of work done that has not yet been invoiced is recorded as Work in Progress within debtors.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
DELTAPRO TECH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the UK.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
DELTAPRO TECH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 42).

Page 5

 
DELTAPRO TECH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2023
18,120



At 29 February 2024

18,120



Depreciation


At 1 March 2023
9,397


Charge for the year on owned assets
6,040



At 29 February 2024

15,437



Net book value



At 29 February 2024
2,683



At 28 February 2023
8,723


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
76,315
419,335

Other debtors
59,199
178,572

Prepayments and accrued income
32,754
85,604

168,268
683,511


Page 6

 
DELTAPRO TECH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
359,541
433,800

359,541
433,800



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
45,233
99,503

Amounts owed to group undertakings
107,184
424,778

Corporation tax
44,802
28,657

Other taxation and social security
109,436
262,564

Other creditors
44,513
115,622

Accruals and deferred income
44,109
69,523

395,277
1,000,647



8.


Loans

Included within amounts owed to group undertakings is a loan from the holding company, Deltatel SRL,  which is repayable on demand. The amount of the outstanding loan at the year end is Nil (2023: £424,778). The loan is unsecured and accrues interest at 2.75% per annum.






9.


Deferred taxation






2024


£






At beginning of year
(1,657)


Charged to profit or loss
986



At end of year
(671)

Page 7

 
DELTAPRO TECH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(671)
(1,657)

(671)
(1,657)


10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Controlling party

The Company is wholly owned by Deltatel SRL, a company registered in Romania with its head office located at 11 Gh. Lazar Str. 300081 Timisoara.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 29 February 2024 was unqualified.

The audit report was signed on 29 October 2024 by Detlev Anderson (Senior Statutory Auditor) on behalf of Kinnair Associates Limited.

 
Page 8