Company registration number 03890699 (England and Wales)
DELTEC INDUSTRIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DELTEC INDUSTRIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DELTEC INDUSTRIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
358,810
382,277
Current assets
Stocks
449,505
414,545
Debtors
5
369,666
381,896
Cash at bank and in hand
42,581
132,267
861,752
928,708
Creditors: amounts falling due within one year
6
(225,435)
(195,066)
Net current assets
636,317
733,642
Total assets less current liabilities
995,127
1,115,919
Creditors: amounts falling due after more than one year
7
(191,852)
(243,003)
Provisions for liabilities
(83,968)
(76,141)
Net assets
719,307
796,775
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
719,207
796,675
Total equity
719,307
796,775
DELTEC INDUSTRIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year 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 and signed by the director and authorised for issue on 5 September 2025
Mrs K McGregor
Director
Company registration number 03890699 (England and Wales)
DELTEC INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Deltec Industries Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 8, Wyrefields, Poulton Business Park, Poulton le Fylde, FY6 8JX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director true is not aware of any material uncertainties affecting the company and consider s that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director ha s continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services provided net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% Reducing Balance
Plant and machinery
10% Reducing Balance
Fixtures, fittings & equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
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.

DELTEC INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
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.

1.8
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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account on a straight line basis.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 14 (2023 - 15).

DELTEC INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
152,500
Amortisation and impairment
At 1 January 2024 and 31 December 2024
152,500
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
4
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
27,212
667,883
80,808
153,917
929,820
Additions
-
0
29,392
-
0
-
0
29,392
At 31 December 2024
27,212
697,275
80,808
153,917
959,212
Depreciation and impairment
At 1 January 2024
25,480
380,558
70,360
71,145
547,543
Depreciation charged in the year
259
30,341
1,566
20,693
52,859
At 31 December 2024
25,739
410,899
71,926
91,838
600,402
Carrying amount
At 31 December 2024
1,473
286,376
8,882
62,079
358,810
At 31 December 2023
1,732
287,325
10,448
82,772
382,277

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

2024
2023
£
£
Plant and machinery
243,423
239,600
Motor vehicles
61,662
82,216
305,085
321,816
Depreciation charge for the year in respect of leased assets
46,123
50,167
DELTEC INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
207,766
231,243
Corporation tax recoverable
17,095
-
0
Other debtors
144,805
150,653
369,666
381,896
6
Creditors: amounts falling due within one year
2024
2023
£
£
Net obligations due under hire purchase contracts
73,084
77,935
Trade creditors
114,487
103,160
Taxation and social security
37,464
10,171
Accruals and deferred income
400
3,800
225,435
195,066
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Net obligations due under hire purchase contracts
191,852
243,003

Net obligation s due under hire purchase contracts are secured by fixed charges on the assets concerned.

8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
50 A Ordinary shares of £1 each
50
50
50 B Ordinary shares of £1 each
50
50
100
100
9
Directors' transactions

During the year, the company operated a loan account with the director, Mrs K McGregor. At the balance sheet date an amount of £144,805 (2023 - £150,653) was owed to the company. Interest of £2,778 (2023 - £2,415) has been charged on the outstanding amount. The maximum overdrawn balance during the year was £166,557.

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