3 3 Delego Limited 11458075 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of bid writing and marketing services. Digita Accounts Production Advanced 6.30.9574.0 true 11458075 2023-08-01 2024-07-31 11458075 2024-07-31 11458075 core:RetainedEarningsAccumulatedLosses 2024-07-31 11458075 core:ShareCapital 2024-07-31 11458075 core:CurrentFinancialInstruments 2024-07-31 11458075 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 11458075 core:Non-currentFinancialInstruments 2024-07-31 11458075 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 11458075 core:FurnitureFittingsToolsEquipment 2024-07-31 11458075 bus:SmallEntities 2023-08-01 2024-07-31 11458075 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11458075 bus:FilletedAccounts 2023-08-01 2024-07-31 11458075 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11458075 bus:RegisteredOffice 2023-08-01 2024-07-31 11458075 bus:Director1 2023-08-01 2024-07-31 11458075 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11458075 core:FurnitureFittings 2023-08-01 2024-07-31 11458075 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 11458075 core:OfficeEquipment 2023-08-01 2024-07-31 11458075 countries:EnglandWales 2023-08-01 2024-07-31 11458075 2023-07-31 11458075 core:FurnitureFittingsToolsEquipment 2023-07-31 11458075 2022-08-01 2023-07-31 11458075 2023-07-31 11458075 core:RetainedEarningsAccumulatedLosses 2023-07-31 11458075 core:ShareCapital 2023-07-31 11458075 core:CurrentFinancialInstruments 2023-07-31 11458075 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11458075 core:Non-currentFinancialInstruments 2023-07-31 11458075 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 11458075 core:FurnitureFittingsToolsEquipment 2023-07-31 xbrli:pure iso4217:GBP

Registration number: 11458075

Delego Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Delego Limited

(Registration number: 11458075)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,582

2,115

Current assets

 

Debtors

5

26,143

25,386

Cash at bank and in hand

 

22,427

24,806

 

48,570

50,192

Creditors: Amounts falling due within one year

6

(40,799)

25,206

Net current assets

 

7,771

75,398

Total assets less current liabilities

 

10,353

77,513

Creditors: Amounts falling due after more than one year

6

(6,509)

(13,716)

Provisions for liabilities

(646)

-

Net assets

 

3,198

63,797

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,098

63,697

Shareholders' funds

 

3,198

63,797

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

Director's 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 director acknowledges her 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 January 2025
 

.........................................
H J Syers
Director

 

Delego Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG
England

These financial statements were authorised for issue by the director on 10 January 2025.

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.

Revenue recognition

Turnover comprises 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.

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.

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.

 

Delego Limited

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

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.

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

Fixtures and fittings

33% straight line method

Office equipment

33% straight line method

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Delego Limited

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

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.

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 the director) during the year, was 3 (2023 - 3).

 

Delego Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

10,488

10,488

Additions

3,183

3,183

At 31 July 2024

13,671

13,671

Depreciation

At 1 August 2023

8,373

8,373

Charge for the year

2,716

2,716

At 31 July 2024

11,089

11,089

Carrying amount

At 31 July 2024

2,582

2,582

At 31 July 2023

2,115

2,115

5

Debtors

Current

2024
£

2023
£

Trade debtors

23,280

21,776

Prepayments

2,155

2,760

Other debtors

708

850

 

26,143

25,386

 

Delego Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,031

(72,318)

Trade creditors

 

1,362

3,260

Taxation and social security

 

33,979

41,498

Accruals and deferred income

 

1,485

2,196

Other creditors

 

942

158

 

40,799

(25,206)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

6,509

13,716

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,509

13,716

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,167

7,167

Other borrowings

(4,136)

(79,485)

3,031

(72,318)