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REGISTERED NUMBER: 04926861 (England and Wales)














Unaudited Financial Statements

for the Year Ended 27 October 2024

for

Delphic International Limited

Delphic International Limited (Registered number: 04926861)






Contents of the Financial Statements
for the Year Ended 27 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Delphic International Limited (Registered number: 04926861)

Balance Sheet
27 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 286,645 297,523
286,645 297,523

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 6 710,602 722,385
Cash at bank 6,647 10,192
737,249 752,577
CREDITORS
Amounts falling due within one year 7 686,495 689,369
NET CURRENT ASSETS 50,754 63,208
TOTAL ASSETS LESS CURRENT LIABILITIES 337,399 360,731

CREDITORS
Amounts falling due after more than one year 8 (162,520 ) (219,760 )

PROVISIONS FOR LIABILITIES (37,450 ) (38,272 )
NET ASSETS 137,429 102,699

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 87,429 52,699
SHAREHOLDERS' FUNDS 137,429 102,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Delphic International Limited (Registered number: 04926861)

Balance Sheet - continued
27 October 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





Mr A S Hulme - Director


Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements
for the Year Ended 27 October 2024

1. STATUTORY INFORMATION

Delphic International 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: 04926861

Registered office: Black Knight Fields Minshull Lane
Wettenhall
Winsford
Cheshire
CW7 4DU

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was amortised evenly over its estimated useful life of ten years.

Goodwill has now been fully amortised.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Tractor Units & Trailers - 10% straight line basis
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.


Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Year Ended 27 October 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 October 2023
and 27 October 2024 108,000
AMORTISATION
At 28 October 2023
and 27 October 2024 108,000
NET BOOK VALUE
At 27 October 2024 -
At 27 October 2023 -

Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Year Ended 27 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures Tractor
Plant and and Units & Computer
machinery fittings Trailers equipment Totals
£    £    £    £    £   
COST
At 28 October 2023 12,300 5,975 606,036 4,567 628,878
Additions - - 50,000 - 50,000
At 27 October 2024 12,300 5,975 656,036 4,567 678,878
DEPRECIATION
At 28 October 2023 10,310 3,612 313,284 4,149 331,355
Charge for year 1,230 354 59,156 138 60,878
At 27 October 2024 11,540 3,966 372,440 4,287 392,233
NET BOOK VALUE
At 27 October 2024 760 2,009 283,596 280 286,645
At 27 October 2023 1,990 2,363 292,752 418 297,523

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tractor
Units &
Trailers
£   
COST
At 28 October 2023 281,733
Additions 50,000
At 27 October 2024 331,733
DEPRECIATION
At 28 October 2023 46,764
Charge for year 33,174
At 27 October 2024 79,938
NET BOOK VALUE
At 27 October 2024 251,795
At 27 October 2023 234,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 452,728 513,076
Other debtors 257,874 209,309
710,602 722,385

Delphic International Limited (Registered number: 04926861)

Notes to the Financial Statements - continued
for the Year Ended 27 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,246 13,697
Hire purchase contracts 73,284 73,283
Trade creditors 192,494 214,018
Taxation and social security 54,893 18,499
Other creditors 355,578 369,872
686,495 689,369

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,048 17,290
Hire purchase contracts 66,444 139,478
Other creditors 89,028 62,992
162,520 219,760

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 139,728 212,761
Bank Loans - 3,648
Debt Factoring 350,880 365,716
490,608 582,125

Hire purchase creditors are secured on the related fixed assets.

Debt factoring is secured by means of fixed and floating charges over all rights in any land and intellectual property.

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included within the balance sheet amount to £Nil (2023 £4,550). This financial commitment represented the total amount of payments remaining on lease ending in 2024.