Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsefalse2023-05-01No description of principal activity1415trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11755827 2023-05-01 2024-04-30 11755827 2022-05-01 2023-04-30 11755827 2024-04-30 11755827 2023-04-30 11755827 1 2023-05-01 2024-04-30 11755827 d:Director8 2023-05-01 2024-04-30 11755827 c:PlantMachinery 2023-05-01 2024-04-30 11755827 c:PlantMachinery 2024-04-30 11755827 c:PlantMachinery 2023-04-30 11755827 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11755827 c:OfficeEquipment 2023-05-01 2024-04-30 11755827 c:OfficeEquipment 2024-04-30 11755827 c:OfficeEquipment 2023-04-30 11755827 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11755827 c:ComputerEquipment 2023-05-01 2024-04-30 11755827 c:ComputerEquipment 2024-04-30 11755827 c:ComputerEquipment 2023-04-30 11755827 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11755827 c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11755827 c:ComputerSoftware 2024-04-30 11755827 c:ComputerSoftware 2023-04-30 11755827 c:CurrentFinancialInstruments 2024-04-30 11755827 c:CurrentFinancialInstruments 2023-04-30 11755827 c:CurrentFinancialInstruments 2 2024-04-30 11755827 c:CurrentFinancialInstruments 2 2023-04-30 11755827 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 11755827 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 11755827 c:ShareCapital 2024-04-30 11755827 c:ShareCapital 2023-04-30 11755827 c:RetainedEarningsAccumulatedLosses 2024-04-30 11755827 c:RetainedEarningsAccumulatedLosses 2023-04-30 11755827 d:FRS102 2023-05-01 2024-04-30 11755827 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11755827 d:FullAccounts 2023-05-01 2024-04-30 11755827 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11755827 2 2023-05-01 2024-04-30 11755827 c:ComputerSoftware c:OwnedIntangibleAssets 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered Number:11755827













DELLONDA LIMITED




UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024











 
DELLONDA LIMITED
REGISTERED NUMBER:11755827


BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
21,825
39,285

Tangible assets
 5 
15,809
16,666

  
37,634
55,951

Current assets
  

Stocks
 6 
1,407,135
5,983,600

Debtors: amounts falling due within one year
 7 
3,164,498
588,356

Cash at bank and in hand
 8 
625,708
626,042

  
5,197,341
7,197,998

Creditors: amounts falling due within one year
 9 
(5,326,792)
(6,819,798)

Net current (liabilities)/assets
  
 
 
(129,451)
 
 
378,200

Total assets less current liabilities
  
(91,817)
434,151

  

Net (liabilities)/assets
  
(91,817)
434,151


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(91,917)
434,051

  
(91,817)
434,151


- 1 -



 
DELLONDA LIMITED
REGISTERED NUMBER:11755827

    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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 comprehensive income 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 27 November 2024.




G S Dolman
Director

The notes on pages 3 to 12 form part of these financial statements.

- 2 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Dellonda Limited (the "Company") is a company limited by shares and incorporated and domiciled in England and Wales. The address of the registered office is 820 The Crescent, Colchester Business Park, Colchester, Essex CO4 9YQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

On 1 May 2024, Sealey (UK) Limited acquired the Company's entire share capital. Also, on 1 May 2024, the Company transferred its trade and assets at net book value to Jack Sealey Limited, a wholly owned subsidiary of Sealey (UK) Limited. The Company subsequently ceased to trade. Accordingly, the financial statements have not been prepared on a going concern basis. The carrying values of the Company's assets and liabilities at 30 April 2024 reflect those transferred to Jack Sealey Limited on 1 May 2024.


- 3 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'Cost of Sales'.

 
2.4

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.


- 4 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method. 

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


- 5 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 countries where the Company operates and generates income.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Computer software is amortised at a rate of 25% per annum on cost. 

 
2.11

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.


- 6 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

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
-
20%
per annum on cost
Office equipment
-
20%
per annum on cost
Computer equipment
-
25%
per annum on cost

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.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.13

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.

 
2.14

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.

 
2.15

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.


- 7 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.16

Share capital

Share capital classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Shares which are redeemable at the request of the holders and provide them with a right to receive dividends are recognised as liabilities.

 
2.17

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
14
15


- 8 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Computer software

£



Cost


At 1 May 2023
69,840



At 30 April 2024

69,840



Amortisation


At 1 May 2023
30,555


Charge for the year
17,460



At 30 April 2024

48,015



Net book value



At 30 April 2024
21,825



At 30 April 2023
39,285




- 9 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
4,003
10,376
2,866
17,245


Additions
895
-
3,466
4,361


Disposals
-
-
(909)
(909)



At 30 April 2024

4,898
10,376
5,423
20,697



Depreciation


At 1 May 2023
114
346
119
579


Charge for the year
940
2,075
1,363
4,378


Disposals
-
-
(69)
(69)



At 30 April 2024

1,054
2,421
1,413
4,888



Net book value



At 30 April 2024
3,844
7,955
4,010
15,809



At 30 April 2023
3,889
10,030
2,747
16,666


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,407,135
5,983,600



- 10 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
2,407,636
177,647

Other debtors
128,750
142,467

Prepayments and accrued income
320,861
132,784

Deferred taxation
307,251
135,458

3,164,498
588,356



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
625,708
626,042



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
-
1,600,000

Trade creditors
479,492
925,393

Corporation tax
155
-

Other taxation and social security
775,656
200,807

Other creditors
35,315
47,414

Accruals and deferred income
36,174
46,184

Share capital treated as debt
4,000,000
4,000,000

5,326,792
6,819,798


The Company issued 4,000,000 £1.00 Redeemble Preference shares on 23 November 2022. The shares do not provide any voting rights. The shares are redeemable at the request of the holders. The shares provide a right to dividends.


10.


Contingent liabilities

The Company entered into a debenture with Barclays Bank PLC on 26 April 2021. The debenture provides Barclays Bank PLC with fixed and floating charges over the Company's assets in respect of any borrowings owed by the Company. The debenture was satisfied in full on 3 May 2024.


- 11 -



 
DELLONDA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Post balance sheet events

On 1 May 2024, Sealey (UK) Limited acquired the Company's entire share capital. Also, on 1 May 2024, the Company transferred its trade and assets at net book value to Jack Sealey Limited, a wholly owned subsidiary of Sealey (UK) Limited. The Company subsequently ceased to trade.

 

- 12 -