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REGISTERED NUMBER: 08440371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

ETA DELTA LTD

ETA DELTA LTD (REGISTERED NUMBER: 08440371)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ETA DELTA LTD

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr J A Myles





REGISTERED OFFICE: C/O Sedulo Office 605
Albert House
256-260 Old Street
London
England
EC1V 9DD





REGISTERED NUMBER: 08440371 (England and Wales)





ACCOUNTANTS: McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL

ETA DELTA LTD (REGISTERED NUMBER: 08440371)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,425 2,431

CURRENT ASSETS
Debtors 5 110,386 108,935
Cash at bank 82,312 57,164
192,698 166,099
CREDITORS
Amounts falling due within one year 6 94,517 66,592
NET CURRENT ASSETS 98,181 99,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,606

101,938

CREDITORS
Amounts falling due after more than one
year

7

26,962

32,844
NET ASSETS 73,644 69,094

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 73,643 69,093
SHAREHOLDERS' FUNDS 73,644 69,094

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

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

ETA DELTA LTD (REGISTERED NUMBER: 08440371)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2025 and were signed by:





Mr J A Myles - Director


ETA DELTA LTD (REGISTERED NUMBER: 08440371)

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

1. STATUTORY INFORMATION

Eta Delta Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company is a wholly owned subsidiary of Myles Holdings Limited, a company incorporated in the UK.

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.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates or judgements used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discount and value added taxes. Turnover includes revenue earned from the technical, licensing and security compliance assistance for regulated businesses.

Rendering of services
Turnover from technical, licensing and security compliance assistance for regulated businesses is recognised by reference to the stage of completion of the work agreed with the customer. Amounts that have been received in advance of the work being done are excluded from turnover and included in the balance sheet as deferred income. Amounts for work done by the end of the period, but not invoiced until after the period, are included in turnover and shown in the balance sheet as accrued income.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to profit or loss over the estimated useful economic lives, as follows:

Computer equipment - 33% on cost
Fixtures & Fittings - 25% on reducing balance

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use.
Any impairment loss is recognised immediately as an expense within profit or loss

ETA DELTA LTD (REGISTERED NUMBER: 08440371)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits

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 within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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

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.

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.

ETA DELTA LTD (REGISTERED NUMBER: 08440371)

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

2. ACCOUNTING POLICIES - continued

Provisions
A provision is recognised when the company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation. No provisions have been recognised in the current year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 2,427 8,658 11,085
Additions - 2,135 2,135
At 31 October 2024 2,427 10,793 13,220
DEPRECIATION
At 1 November 2023 1,733 6,921 8,654
Charge for year 173 1,968 2,141
At 31 October 2024 1,906 8,889 10,795
NET BOOK VALUE
At 31 October 2024 521 1,904 2,425
At 31 October 2023 694 1,737 2,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 70,986 66,602
Amounts owed by group undertakings 11,608 19,147
Other debtors 9,739 13,578
Accrued income 18,053 9,608
110,386 108,935

ETA DELTA LTD (REGISTERED NUMBER: 08440371)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,882 5,882
Trade creditors 11,267 8,193
Tax 22,510 9,508
Social security and other taxes 3,308 1,454
VAT 27,525 17,614
Other creditors 3,450 1,381
Deferred income 19,887 22,560
Accrued expenses 688 -
94,517 66,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 11,765 11,765
Bank loans - 2-5 years 15,197 17,647
Bank loans more 5 yr by instal - 3,432
26,962 32,844

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,432

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Directors remuneration in the year was £4,000 and there were pensions paid of £85,000. No dividends were paid to directors.

10. ULTIMATE CONTROLLING PARTY

Myles Holdings Limited became the sole shareholder in Eta Delta Limited on 6th February 2023. James Myles owns 100% of Myles Holdings Limited and is therefore the ultimate controlling party.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Eta Delta Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eta Delta Ltd for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Eta Delta Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eta Delta Ltd and state those matters that we have agreed to state to the director of Eta Delta Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Eta Delta Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eta Delta Ltd. You consider that Eta Delta Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eta Delta Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL


2 July 2025