IRIS Accounts Production v25.1.4.42 04032516 Board of Directors 31.8.23 30.8.24 30.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040325162023-08-30040325162024-08-30040325162023-08-312024-08-30040325162022-08-30040325162022-08-312023-08-30040325162023-08-3004032516ns15:EnglandWales2023-08-312024-08-3004032516ns14:PoundSterling2023-08-312024-08-3004032516ns10:Director12023-08-312024-08-3004032516ns10:PrivateLimitedCompanyLtd2023-08-312024-08-3004032516ns10:SmallEntities2023-08-312024-08-3004032516ns10:AuditExempt-NoAccountantsReport2023-08-312024-08-3004032516ns10:SmallCompaniesRegimeForDirectorsReport2023-08-312024-08-3004032516ns10:SmallCompaniesRegimeForAccounts2023-08-312024-08-3004032516ns10:FullAccounts2023-08-312024-08-3004032516ns10:Director22023-08-312024-08-3004032516ns10:CompanySecretary12023-08-312024-08-3004032516ns10:RegisteredOffice2023-08-312024-08-3004032516ns5:CurrentFinancialInstruments2024-08-3004032516ns5:CurrentFinancialInstruments2023-08-3004032516ns5:Non-currentFinancialInstruments2024-08-3004032516ns5:Non-currentFinancialInstruments2023-08-3004032516ns5:ShareCapital2024-08-3004032516ns5:ShareCapital2023-08-3004032516ns5:RevaluationReserve2024-08-3004032516ns5:RevaluationReserve2023-08-3004032516ns5:RetainedEarningsAccumulatedLosses2024-08-3004032516ns5:RetainedEarningsAccumulatedLosses2023-08-3004032516ns5:LandBuildings2023-08-312024-08-3004032516ns5:PlantMachinery2023-08-312024-08-3004032516ns5:LandBuildings2023-08-3004032516ns5:PlantMachinery2023-08-3004032516ns5:LandBuildings2024-08-3004032516ns5:PlantMachinery2024-08-3004032516ns5:LandBuildings2023-08-3004032516ns5:PlantMachinery2023-08-3004032516ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3004032516ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-312024-08-3004032516ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-08-3004032516ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3004032516ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3004032516ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3004032516ns5:RevaluationReserve2023-08-30
REGISTERED NUMBER: 04032516 (England and Wales)















DELTA SALVAGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 AUGUST 2024






DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELTA SALVAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2024







DIRECTORS: G A Hirst
J A Hirst





SECRETARY: G A Hirst





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 04032516 (England and Wales)






DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

BALANCE SHEET
30 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,729,472 2,718,874
Investments 5 151,500 -
Investment property 6 6,895,060 6,258,696
9,776,032 8,977,570

CURRENT ASSETS
Stocks 7 275,858 321,185
Debtors 8 12,790 12,116
Cash at bank and in hand 908,279 540,850
1,196,927 874,151
CREDITORS
Amounts falling due within one year 9 3,365,213 3,688,150
NET CURRENT LIABILITIES (2,168,286 ) (2,813,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,607,746

6,163,571

CREDITORS
Amounts falling due after more than one
year

10

(184,400

)

(39,611

)

PROVISIONS FOR LIABILITIES (477,539 ) (453,071 )
NET ASSETS 6,945,807 5,670,889

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 1,411,912 1,411,912
Retained earnings 5,533,795 4,258,877
SHAREHOLDERS' FUNDS 6,945,807 5,670,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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.

DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

BALANCE SHEET - continued
30 AUGUST 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 Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





G A Hirst - Director


DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024


1. STATUTORY INFORMATION

Delta Salvage 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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.

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 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 31 August 2023 2,147,147 1,964,023 4,111,170
Additions - 249,497 249,497
Disposals - (421,783 ) (421,783 )
At 30 August 2024 2,147,147 1,791,737 3,938,884
DEPRECIATION
At 31 August 2023 - 1,392,296 1,392,296
Charge for year - 151,729 151,729
Eliminated on disposal - (334,613 ) (334,613 )
At 30 August 2024 - 1,209,412 1,209,412
NET BOOK VALUE
At 30 August 2024 2,147,147 582,325 2,729,472
At 30 August 2023 2,147,147 571,727 2,718,874

Cost or valuation at 30 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 1,505,033 - 1,505,033
Cost 642,114 1,791,737 2,433,851
2,147,147 1,791,737 3,938,884

DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,147,147 2,147,147

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 31 August 2023 524,970
Additions 249,497
Disposals (171,000 )
At 30 August 2024 603,467
DEPRECIATION
At 31 August 2023 159,824
Charge for year 98,880
Eliminated on disposal (83,830 )
At 30 August 2024 174,874
NET BOOK VALUE
At 30 August 2024 428,593
At 30 August 2023 365,146

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other 151,500 -

DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 August 2023 6,258,696
Additions 1,017,677
Disposals (381,313 )
At 30 August 2024 6,895,060
NET BOOK VALUE
At 30 August 2024 6,895,060
At 30 August 2023 6,258,696

Fair value at 30 August 2024 is represented by:
£   
Valuation in 2018 194,214
Cost 6,700,846
6,895,060

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,779,542 2,779,542

7. STOCKS
2024 2023
£    £   
Stocks 275,858 321,185

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,000 5,000
Other debtors 7,790 7,116
12,790 12,116

DELTA SALVAGE LIMITED (REGISTERED NUMBER: 04032516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,333 -
Hire purchase contracts 129,978 110,769
Trade creditors 2,516,640 3,074,488
Taxation and social security 503,531 392,991
Other creditors 144,731 109,902
3,365,213 3,688,150

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 99,639 -
Hire purchase contracts 84,761 39,611
184,400 39,611

11. RESERVES
Revaluation
reserve
£   
At 31 August 2023
and 30 August 2024 1,411,912

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company operate from premises owned by the directors. The company was charged £63,000 (2023: £33,000) in rent at normal commercial rates.

Included in creditors at the year end is £35,958 (2023: £270) owed to the directors. The loan is interest free and has no formal repayment terms.