Registered number
11333673
Delvium Ltd
Filleted Accounts
30 April 2024
Delvium Ltd
Registered number: 11333673
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,192 8,256
Current assets
Debtors 4 28,045 -
Cash at bank and in hand 35,397 13,388
63,442 13,388
Creditors: amounts falling due within one year 5 (31,557) (2,600)
Net current assets 31,885 10,788
Total assets less current liabilities 38,077 19,044
Creditors: amounts falling due after more than one year 6 (35,000) (35,000)
Net assets/(liabilities) 3,077 (15,956)
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,977 (16,056)
Shareholders' funds 3,077 (15,956)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Leon Lean
Director
Approved by the board on 6 January 2025
Delvium Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Including directors Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Cost
At 1 May 2023 10,320
At 30 April 2024 10,320
Amortisation
At 1 May 2023 2,064
Provided during the year 2,064
At 30 April 2024 4,128
Net book value
At 30 April 2024 6,192
At 30 April 2023 8,256
Software is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Other debtors 28,045 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings 440 440
Taxation and social security costs 593 -
Other creditors 30,524 2,160
31,557 2,600
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 35,000 35,000
7 Related party transactions
The related party transaction of £35,000, included in 'Other Creditors,' is payable to a company in which the director has a controlling interest. The amount bears no interest and is repayable on demand.
8 Controlling party
The directors have controlling stake in the company.
9 Other information
Delvium Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor
86-90 Paul Street
London
England
EC2A 4NE
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