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REGISTERED NUMBER: 05678021 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Delta Corporate Risk Limited

Delta Corporate Risk Limited (Registered number: 05678021)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Delta Corporate Risk Limited (Registered number: 05678021)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 95,000
Tangible assets 5 108,213 20,623
183,213 115,623

CURRENT ASSETS
Debtors 6 357,068 302,833
Cash at bank and in hand 208,081 408,937
565,149 711,770
CREDITORS
Amounts falling due within one year 7 294,355 288,460
NET CURRENT ASSETS 270,794 423,310
TOTAL ASSETS LESS CURRENT LIABILITIES 454,007 538,933

CREDITORS
Amounts falling due after more than one year 8 38,387 33,128
NET ASSETS 415,620 505,805

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Retained earnings 403,120 493,305
SHAREHOLDERS' FUNDS 415,620 505,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2025 and were signed by:





J C Lawson - Director


Delta Corporate Risk Limited (Registered number: 05678021)

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

1. STATUTORY INFORMATION

Delta Corporate Risk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05678021

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Equally over the term of the lease
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Delta Corporate Risk Limited (Registered number: 05678021)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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

Insurance broking assets and liabilities
The company acts as agents in broking the insurable risks for their clients and, generally, are not liable as
a principle for premiums due to underwriters or for claims payable to clients. Notwithstanding the company's legal relationship with clients and underwriters and since in practice premium and claim monies are usually accounted for by insurance intermediaries, generally accepted accounting practice has been followed by showing cash, debtors and creditors relating to the insurance business held in the company's client accounts at the year end as assets and liabilities of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 200,000
AMORTISATION
At 1 August 2023 105,000
Amortisation for year 20,000
At 31 July 2024 125,000
NET BOOK VALUE
At 31 July 2024 75,000
At 31 July 2023 95,000

Delta Corporate Risk Limited (Registered number: 05678021)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short and Motor Computer
leasehold equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 5,465 36,754 11,448 5,707 59,374
Additions - 408 119,180 2,806 122,394
At 31 July 2024 5,465 37,162 130,628 8,513 181,768
DEPRECIATION
At 1 August 2023 5,465 25,011 6,618 1,657 38,751
Charge for year - 2,430 31,002 1,372 34,804
At 31 July 2024 5,465 27,441 37,620 3,029 73,555
NET BOOK VALUE
At 31 July 2024 - 9,721 93,008 5,484 108,213
At 31 July 2023 - 11,743 4,830 4,050 20,623

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 11,448
Additions 119,180
At 31 July 2024 130,628
DEPRECIATION
At 1 August 2023 6,618
Charge for year 31,002
At 31 July 2024 37,620
NET BOOK VALUE
At 31 July 2024 93,008
At 31 July 2023 4,830

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 214,009 145,901
Other debtors 143,059 156,932
357,068 302,833

Delta Corporate Risk Limited (Registered number: 05678021)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,119 9,870
Hire purchase contracts 14,110 1,004
Trade creditors 21,226 52,937
Taxation and social security 211,252 198,895
Other creditors 37,648 25,754
294,355 288,460

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,661 25,780
Hire purchase contracts 22,726 7,348
38,387 33,128

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 36,836 8,352

The obligations under hire purchase are secured against the asset to which they relate.