Registered number
04408488
Delivery Partners Limited
Filleted Accounts
30 September 2024
Delivery Partners Limited
Registered number: 04408488
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 58,098 33,044
Investments 5 90,000 36,900
148,098 69,944
Current assets
Debtors 6 103,142 119,652
Cash at bank and in hand 152,117 185,683
255,259 305,335
Creditors: amounts falling due within one year 7 (96,420) (99,768)
Net current assets 158,839 205,567
Total assets less current liabilities 306,937 275,511
Creditors: amounts falling due after more than one year 8 (12,500) (22,389)
Provisions for liabilities (7,959) (7,959)
Net assets 286,478 245,163
Capital and reserves
Called up share capital 100 100
Capital redemption reserve 9 50,000 50,000
Profit and loss account 236,378 195,063
Shareholders' funds 286,478 245,163
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.
Andrew Lummis
Director
Approved by the board on 3 February 2025
Delivery Partners Limited
Notes to the Accounts
for the year ended 30 September 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to property 12.5% reducing balance
Plant and machinery 25% reducing balance
Fixtures and fittings 10% reducing balance
Motor vehicles 25% reducing balance
Computer equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 104,500
At 30 September 2024 104,500
Amortisation
At 1 October 2023 104,500
At 30 September 2024 104,500
Net book value
At 30 September 2024 -
4 Tangible fixed assets
Improvements to property Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 9,535 21,383 58,110 89,028
Additions - 166 48,500 48,666
Disposals - - (17,690) (17,690)
At 30 September 2024 9,535 21,549 88,920 120,004
Depreciation
At 1 October 2023 8,030 13,770 34,184 55,984
Charge for the year 188 1,239 16,747 18,174
On disposals - - (12,252) (12,252)
At 30 September 2024 8,218 15,009 38,679 61,906
Net book value
At 30 September 2024 1,317 6,540 50,241 58,098
At 30 September 2023 1,505 7,613 23,926 33,044
5 Investments
Shares in group
undertakings
£
Cost
At 1 October 2023 36,900
Additions 53,100
At 30 September 2024 90,000
6 Debtors 2024 2023
£ £
Trade debtors 88,050 100,214
Other debtors 15,092 19,438
103,142 119,652
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,111
Trade creditors 37,657 39,487
Taxation and social security costs 28,566 32,286
Other creditors 20,197 17,884
96,420 99,768
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,500 22,389
9 Capital redemption reserve 2024 2023
£ £
At 1 October 2023 50,000 50,000
At 30 September 2024 50,000 50,000
10 Related party transactions
During the year, the company acquired 60 ordinary shares in Secure Storage Solutions (Devon) Ltd comprising:

20 shares purchased from Mr Andrew Lummis, the director of the company, for a total consideration of £17,700.

40 shares purchased from the other shareholders, who are also the shareholders of this company for a total consideration of £35,400.

Following these transactions, the company became the sole shareholder of Secure Storage Solution (Devon) Ltd.

The transactions were conducted at arm's length, with the consideration for the shares determined based on an independent valuation to ensure fair and reasonable terms.

The board of directors approved the transaction, with Mr Andrew Lummis abstaining from any decision-making process related to the purchase of their own shares.
11 Other information
Delivery Partners Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 King Charles Business Park
Old Newton Road, Heathfield
Newton Abbot
Devon
TQ12 6UT
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