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REGISTERED NUMBER: 09838097 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Deli Supplies Limited

Deli Supplies Limited (Registered number: 09838097)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deli Supplies Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S A Thornton





REGISTERED OFFICE: Suite 1 Lancaster Road
Carnaby
Bridlington
East Riding
YO15 3QY





REGISTERED NUMBER: 09838097 (England and Wales)





ACCOUNTANTS: Edward Milnes & Co
Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW

Deli Supplies Limited (Registered number: 09838097)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 41,348 -
Tangible assets 5 56,212 26,108
97,560 26,108

CURRENT ASSETS
Stocks 133,038 114,468
Debtors 6 86,152 137,861
Cash at bank and in hand 138,961 214,199
358,151 466,528
CREDITORS
Amounts falling due within one year 7 153,033 208,973
NET CURRENT ASSETS 205,118 257,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,678

283,663

CREDITORS
Amounts falling due after more than one
year

8

(295,503

)

(265,612

)

PROVISIONS FOR LIABILITIES (4,467 ) (4,790 )
NET ASSETS 2,708 13,261

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 2,705 13,258
2,708 13,261

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

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

Deli Supplies Limited (Registered number: 09838097)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





S A Thornton - Director


Deli Supplies Limited (Registered number: 09838097)

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

1. STATUTORY INFORMATION

Deli Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 2015, has now been fully amortised.

That recognised in respect of a further acquisition in 2024, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 10% on cost and in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Deli Supplies Limited (Registered number: 09838097)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 55,000
Additions 45,942
At 31 December 2024 100,942
AMORTISATION
At 1 January 2024 55,000
Charge for year 4,594
At 31 December 2024 59,594
NET BOOK VALUE
At 31 December 2024 41,348
At 31 December 2023 -

Deli Supplies Limited (Registered number: 09838097)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 10,697 17,300 7,712
Additions 6,187 - -
Disposals - (3,621 ) -
At 31 December 2024 16,884 13,679 7,712
DEPRECIATION
At 1 January 2024 9,797 13,850 1,264
Charge for year 67 865 644
Eliminated on disposal - (2,605 ) -
At 31 December 2024 9,864 12,110 1,908
NET BOOK VALUE
At 31 December 2024 7,020 1,569 5,804
At 31 December 2023 900 3,450 6,448

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 33,250 9,721 78,680
Additions 31,323 3,149 40,659
Disposals - (3,733 ) (7,354 )
At 31 December 2024 64,573 9,137 111,985
DEPRECIATION
At 1 January 2024 22,730 4,931 52,572
Charge for year 5,240 1,688 8,504
Eliminated on disposal - (2,698 ) (5,303 )
At 31 December 2024 27,970 3,921 55,773
NET BOOK VALUE
At 31 December 2024 36,603 5,216 56,212
At 31 December 2023 10,520 4,790 26,108

Deli Supplies Limited (Registered number: 09838097)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 31,323
At 31 December 2024 31,323
DEPRECIATION
Charge for year 2,610
At 31 December 2024 2,610
NET BOOK VALUE
At 31 December 2024 28,713

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 8,869 13,417
Amounts owed by associates - 7,769
Directors' current accounts 69,544 100,076
Accrued income 3,083 639
Prepayments 4,656 3,086
86,152 124,987

Amounts falling due after more than one year:
Amounts owed by associates - 12,874

Aggregate amounts 86,152 137,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 11,480 11,195
Other loans 57,007 149,091
Hire purchase contracts 4,835 -
Trade creditors 47,592 9,891
Tax 9,638 4,841
VAT 19,953 29,341
Other creditors 993 1,505
Accrued expenses 1,535 3,109
153,033 208,973

Deli Supplies Limited (Registered number: 09838097)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 5,848 11,479
Bank loans - 2-5 years - 5,848
Other loans - 1-2 years 66,858 40,389
Other loans - 2-5 years 207,441 165,835
Other loans more 5yrs instal - 42,061
Hire purchase contracts 15,356 -
295,503 265,612

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 42,061

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
S A Thornton
Balance outstanding at start of year 100,076 (297 )
Amounts advanced 196,379 198,840
Amounts repaid (226,911 ) (98,467 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,544 100,076

Interest was charged by the company on overdrawn director's loan account balances in excess of £10,000 at an interest rate of 2.25%.

During the year, this amounted to £3,083 (2023 - £639).

The director, S A Thornton, has given personal guarantees in respect of loans from Funding Circle. At the year end this loan comprised £57,007 included in creditors falling due within one year (2023 - £34,656) and £274,299 included in creditors falling due after more than one year (2023 - £248,285).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,400 (2023 - £38,302) were paid to the director .

During the year, the company sold goods and services totalling £5,707 (2023 - £9,168) to Coffee Pods Online Ltd, a company under the control of S A Thornton. These transactions were conducted on ordinary commercial terms.

On 1 July 2024, the company acquired the assets, liabilities and business of Coffee Pods Online Ltd for £45,942.

11. ULTIMATE CONTROLLING PARTY

The controlling party is S A Thornton.