Registered number:
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
COMPANY INFORMATION
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DELTA GLOBAL SOURCE (UK) LIMITED
CONTENTS
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DELTA GLOBAL SOURCE (UK) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The principal activity of the Company during the year continued to be the sale and supply of specialist packaging products.
Turnover decreased from £13,434,401 in FY23 to £8,501,088 in the year with the slowdown in UK retail and the continued range rationalisation of our key customers contributing to this downturn. We took the business decision to maintain our cost base to ensure that our high level of service was not interrupted whilst we won new business to take us back to growth. In doing so we made a loss of £206,725 in year compared to a profit of £515,638 last year.
The downturn has continued into FY25 but the Company continues to invest in new business opportunities and has secured a significant pipeline that will see the Company and the Group return to profitability. This has required significant investment in marketing and PR to create this opportunity and the accounts reflect this. We are very conscious of our environmental responsibility of a paper-based products company and ensure we are doing everything we can to minimise our environmental impact, with much of our production being in the far east, making sure that we are being socially and environmentally responsible. In FY24, as part of our continued supply chain improvements, we maintained the EcoVadis Gold standard which demonstrates our commitment to sustainability. We have continued to develop our carbon reporting and have increased the amount of primary data we use to calculate our emissions and are also now able to calculate the emissions by product which we then publish to our customers to allow them to see their packaging emissions in detail. To support our efforts in Australia we achieved APCO accreditation, and we also made the decision to pursue BCorp status to further demonstrate our commitment to sustainability. We continue to invest in our people and systems to ensure we are improving the business and the service to our customers. We have implemented further system automation to improve productivity and have rolled out further reporting on our CO2 emissions across the Group.
The Company uses financial instruments comprising borrowings, cash and other liquid resources and various other items such as trade debtors and creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the Company's operations. The main risks arising from these financial instruments are interest rate risk, liquidity risk and foreign currency risk. The Directors review and agrees policies for managing each of these risks. These policies have remained unchanged from previous periods.
Interest rate risk The Company finances its operations through a mixture of retained profits and other borrowings. Liquidity risk The Company seeks to manage liquidity risk by ensuring sufficient liquidity is available to meet foreseeable needs and by investing cash assets safely and profitably. Short term flexibility is achieved by invoice financing facilities.
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DELTA GLOBAL SOURCE (UK) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Currency risk
The Company is exposed to transaction foreign exchange risk. Management monitor the level of overall exposure and buy and sell currencies to create a natural hedge. As the Company further enhances its revenue and profit streams from outside the UK, the natural hedge generated by day to day trading activities will continue to increase.
The Directors consider the key financial performance indicators to be turnover, profit and cash. All of which are available in the financial statements.
The Company pays particular attention to the quality of the products it supplies and employs stringent quality assurance procedures, as evidenced by its ongoing ISO 9001 accreditation, which drives continuous improvement.
The Company also has ISO 14001 accreditation, which drives ethical and sustainable protocols throughout our supply chain. Also incorporated within this accreditation are customer satisfaction surveys and the Company is proud of our impeccable record within the sector. Our FSC accreditation further enhances our sustainable credentials ensuring that all FSC products are sustainably sourced with minimal impact on our environment.
This report was approved by the board and signed on its behalf.
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DELTA GLOBAL SOURCE (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The directors present their report and the financial statements for the year ended 30 September 2024.
The loss for the year, after taxation, amounted to £206,725 (2023 - profit £515,638).
Dividends totalling £592,742 (2023 - £345,542) have been declared in the year.
The directors who served during the year were:
Environmental matters The Company seeks to minimise adverse impacts on the environment from it’s activities, whilst continuing to address health, safety and economic issues. The Company has complied with all applicable legislation and regulations. The Company has decided to voluntarily disclose it’s annual Greenhouse Gas emissions and we have included our results for 2023 as a comparative. As these are voluntarily disclosed they are not intended to completely comply with regulations in place for larger entities. Greenhouse Gas emissions (tCO2e) totals Scope 1 – direct emissions from those activities owned or controller by the Company. This relates to the combustion of natural gas. Scope 2 – energy indirect emissions are the released into the atmosphere in relation to the consumption of purchased electricity in day to day business operations. Scope 3 – other indirect emissions resulting from sources not directly owned by the Company. Totals The total emissions (tCO2e) figures: Emissions Source (Carbon (tCo2e)) FY24 FY23 YoY % Scope 1 9 10 -10.00% Scope 2 25 26 -3.85% Total Scope 1 & 2 34 36 -5.56% Scope 3 3,482 4,795 -27.38% Total Scope 1,2 & 3 3,516 4,831 -27.22% Intensity Ratio The chosen intensity measurement ratio is total gross emission in metric tonnes CO2e per £1m of turnover: tCO2e / £m = 351
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DELTA GLOBAL SOURCE (UK) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Qualification and reporting methodology We calculate our Carbon Footprint, based on the internationally recognised Greenhouse Gas Protocol and using relevant UK Government Conversion factors and international energy agency factors to measure and track our performance across our full carbon footprint. We have contracted with Smart Carbon to support our sustainable journey and to assist with SECR-compliant reporting. Measures taken to improve energy efficiency The Company is committed to year on year improvements in their operational energy efficiency, some initiatives we have implemented are:
∙Flexible working arrangements to reduce employee commuting;
∙EV charging point installed to encourage greener commuting;
∙Improved customer facing reporting to improve supply chain efficiency reducing storage requirements and reducing distribution related emissions; and
∙Upgraded all warehouse lighting to energy efficient LEDs.
Going forward the directors aim to continue to grow the business whilst keeping a tight control over costs.
Going concern Whilst the Company is loss making in the current year the directors have secured new contracts and expect trade to return to profitability towards the end of 2025 and into 2026. The Company has sufficient working capital and resources to continue as a going concern for at least 12 months from the approval of the financial statements. After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors have not identified any material uncertainty in relation to going concern and the Company continues to adopt the going concern basis in preparing its financial statements.
There have been no significant events affecting the Company since the year end.
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DELTA GLOBAL SOURCE (UK) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.
MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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DELTA GLOBAL SOURCE (UK) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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DELTA GLOBAL SOURCE (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DELTA GLOBAL SOURCE (UK) LIMITED
We have audited the financial statements of Delta Global Source (UK) Limited (the 'Company') for the year ended 30 September 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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DELTA GLOBAL SOURCE (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DELTA GLOBAL SOURCE (UK) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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DELTA GLOBAL SOURCE (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DELTA GLOBAL SOURCE (UK) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual, potential or suspected litigation, claims or non-compliance with applicable laws and regulations and fraud;
∙Enquiry of entity staff in tax and compliance functions and external advisors to identify any instances of non-compliance with laws and regulations;
∙Performing audit work over the risk of management override, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale for significant transactions outside the normal course of business, and reviewing accounting estimates for bias;
∙Reviewing of financial statements disclosures and testing to support documentation to assess compliance with applicable laws and regulations; and
∙Discussions amongst the engagement team in relation to how and where fraud might occur in the financial statements and any potential indicators of fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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DELTA GLOBAL SOURCE (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DELTA GLOBAL SOURCE (UK) LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Liam Hammond FCA (Senior Statutory Auditor) for and on behalf of Statutory Auditor, Leicester, United Kingdom Date: MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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DELTA GLOBAL SOURCE (UK) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
REGISTERED NUMBER: 06378991
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
REGISTERED NUMBER: 06378991
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 34 form part of these financial statements.
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DELTA GLOBAL SOURCE (UK) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Delta Global Source (UK) Limited is a private company, limited by shares, incorporated and registered in England and Wales. The Company's registered number is 06378991. The address of its registered office is Unit H Whiteacres, Whetstone, Leicester, LE8 6ZG.
The principal activity of the Company during the year continued to be the sale and supply of specialist packing materials and bags.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Delta Global Source Holdings Limited as at 30 September 2024 and these financial statements may be obtained from Companies House.
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Whilst the Company is loss making in the current year the directors have secured new contracts and expect trade to return to profitability towards the end of 2025 and into 2026. The Company has sufficient working capital and resources to continue as a going concern for at least 12 months from the approval of the financial statements.
After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors have not identified any material uncertainty in relation to going concern and the Company continues to adopt the going concern basis in preparing its financial statements.
Functional and presentation currency
Transactions and balances
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided on the following bases:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or public benefit entity concessionary loan. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Consolidated Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below: Key sources of estimation uncertainty i) Useful economic lives of tangible and intangible assets The annual depreciation and amortisation charges for tangible and intangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. ii) Recovery of trade debtors Trade debtors relating to amounts falling due from customers are assessed regularly for potential bad debts. Factors considered include the period overdue and discussions with the customers to date, sales terms, payment history and future services. Judgments in accounting policies i) Fair value measurement of share-based payments The Company's ultimate parent's entity has issued share options to certain directors in 2022. Share-based payments arrangements are recognised at fair value at the date of the grant. The fair value so determined is expensed based on the Company's estimate of the number of shares that will vest over the vesting period and take account of non-vesting or conditional vesting conditions attaching to options. Fair value is measured by HMRC's Shares and Assets Valuation division. The annual vesting charge is not considered material to the financial statements and has not been included as a transaction within these financial statements. However, the corresponding disclosures regarding the existence of the share based payments are included in the notes to the financial statements.
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The whole of the turnover is attributable to the principal activity of the Company apart from management charge income charged to other members of the Group of £152,149 (2023 - £230,650).
Analysis of turnover by country of destination:
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
There were no factors that may affect future tax changes.
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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DELTA GLOBAL SOURCE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
On the 2 November 2022 share options were granted to a director of a subsidiary company to purchase ordinary B shares of £1 each in the Company under an Enterprise Management Scheme (EMI). The last date on which these shares are exercisable is 2 November 2025. The options vested upon the sale of the Company and no options were exercisable by the end of the period.
The number of shares in the scheme was 54 (2023 - 54) and the weighted average exercise price was £868 (2023 - £868).
The fair value per share option at date of inception was £913 (2023 - £913). The total value of the share options was £49,318 (2023 - £49,318). These share options have a vesting period of 3 years.
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund during the period and amounted to £
The ultimate and immediate parent undertaking is
The ultimate controlling party is
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