Company registration number 11972793 (England and Wales)
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
10 - 12 Mulberry Green
Old Harlow
Essex
CM17 0ET
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
COMPANY INFORMATION
Director
Mrs J M Foster
(Appointed 29 October 2024)
Company number
11972793
Registered office
Unit 7 Beech Court
Lakes Business Park
Willow Road
Fenstanton, Huntingdon
Cambridgeshire
PE28 9RF
Accountants
Affinia (Harlow)
10 - 12 Mulberry Green
Old Harlow
Essex
CM17 0ET
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 1 -
30 November 2024
31 May 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
45,668
54,357
Investments
5
323
45,991
54,357
Current assets
Stocks
138,294
113,093
Debtors
6
285,818
306,203
Cash at bank and in hand
4,774
11,501
428,886
430,797
Creditors: amounts falling due within one year
7
(329,577)
(276,055)
Net current assets
99,309
154,742
Net assets
145,300
209,099
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
145,200
208,999
Total equity
145,300
209,099
For the financial period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
Mrs J M Foster
Director
Company registration number 11972793 (England and Wales)
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information
Delilah Fixings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7 Beech Court, Lakes Business Park, Willow Road, Fenstanton, Huntingdon, Cambridgeshire, PE28 9RF.
1.1
Reporting period
The company changed its year end from 31 May 2025 to 30 November 2024. These financial statements cover the 6-month period from 1 June 2024 to 30 November 2024. The comparative period covered 12 months.
1.2
Accounting convention
These financial statements for the period ended 30 November 2024 are the first financial statements of Delilah Fixings Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. In the prior year, the company prepared its financial statements in accordance with FRS 105.
The date of transition to FRS 102 was 1 June 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Turnover
Turnover comprises sales of goods provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Turnover is recognised at the point of sale.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Computers
3 year staight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.7
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.8
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.9
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.10
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.11
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 5 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2024
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 June 2024
115,714
1,200
116,914
Disposals
(9,122)
(9,122)
At 30 November 2024
106,592
1,200
107,792
Depreciation and impairment
At 1 June 2024
61,357
1,200
62,557
Depreciation charged in the period
6,659
6,659
Eliminated in respect of disposals
(7,092)
(7,092)
At 30 November 2024
60,924
1,200
62,124
Carrying amount
At 30 November 2024
45,668
45,668
At 31 May 2024
54,357
54,357
5
Fixed asset investments
2024
2024
£
£
Shares in group undertakings and participating interests
323
DELILAH FIXINGS LTD
(FORMERLY SAMSON FIXINGS LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 June 2024
-
Additions
323
At 30 November 2024
323
Carrying amount
At 30 November 2024
323
At 31 May 2024
-
6
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
14,988
Amounts owed by group undertakings
262,919
262,919
Other debtors
13,712
13,399
Prepayments and accrued income
9,187
14,897
285,818
306,203
7
Creditors: amounts falling due within one year
2024
2024
£
£
Trade creditors
2,446
10,028
Other creditors
324,917
263,788
Accruals and deferred income
2,214
2,239
329,577
276,055
8
Events after the reporting date
On 9 December 2024, the company changed its name from Samson Fixings Ltd to Delilah Fixings Ltd. This change occurred after the reporting date but before the financial statements were authorised for issue.