Deltawaite Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03352573 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DELTAWAITE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms K M Brocklebank

Mr N Harrison

Mr D J McHugh

REGISTERED OFFICE:

Roose Road

Barrow in Furness

Cumbria

LA13 0EP

REGISTERED NUMBER:

03352573 (England and Wales)

BANKERS:

National Westminster Bank plc

113 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1WY

FIXED ASSETS

Intangible assets

4

4,103

Tangible assets

5

244,499

252,744

Investments

6

9,030

257,632

265,877

CURRENT ASSETS

Stocks

848,540

705,070

Debtors

7

1,214,393

1,296,989

Cash at bank

3,500,847

3,138,768

5,563,780

5,140,827

CREDITORS

Amounts falling due within one year

921,847

730,105

NET CURRENT ASSETS

4,641,933

4,410,722

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,899,565

4,676,599

CREDITORS

Amounts falling due after more than one
year

(12,501

)

(26,998

)

PROVISIONS FOR LIABILITIES

(11,069

)

(10,270

)

NET ASSETS

4,875,995

4,639,331

CAPITAL AND RESERVES

Called up share capital

9

98,005

Capital redemption reserve

2,024

Other reserves

11,000

Retained earnings

4,764,966

4,528,302

SHAREHOLDERS' FUNDS

4,875,995

4,639,331

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Ms K M Brocklebank - Director

Mr N Harrison - Director

1.	STATUTORY INFORMATION

Deltawaite 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.

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

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 represents net invoiced sales of goods and services, excluding VAT.

Turnover from the sale of products is recognised when significant risks and rewards or ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits of the transaction will flow to the company, and the costs incurred or to be incurred in respect of the transaction can be reliably measured. This is usually on dispatch of the goods or collection by the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Solar Panels

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 22 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

17,555

AMORTISATION

At 1 January 2024

and 31 December 2024

13,452

NET BOOK VALUE

At 31 December 2024

4,103

At 31 December 2023

4,103

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

744,159

Additions

23,317

At 31 December 2024

767,476

DEPRECIATION

At 1 January 2024

491,415

Charge for year

31,562

At 31 December 2024

522,977

NET BOOK VALUE

At 31 December 2024

244,499

At 31 December 2023

252,744

The net book value of tangible fixed assets includes £10,547 (2023 : £14,063) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £3,516 (2023 : £4,688) for the financial year.

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

703,294

PROVISIONS

At 1 January 2024

and 31 December 2024

694,264

NET BOOK VALUE

At 31 December 2024

9,030

At 31 December 2023

9,030

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2019

703,294

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Delatwaite Tools Limited

Registered office: c/o Deltawaite Limited, Roose Road, Barrow in Furness, Cumbira LA13 0EP

Nature of business: Dormant

%

Class of shares:

holding

Ordinary Shares of £1 each

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

130

Deltawaite (NBE) Limited

Registered office: Roose Road, Barrow-In-Furness, Cumbria, LA13 0EP

Nature of business: Dormant

%

Class of shares:

holding

Ordinary Shares of £1 each

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

400

John Hunter and Company (Barrow) Limited

Registered office: C/O Deltawaite Ltd, Roose Road, Barrow-In-Furness, Cumbria, LA13 0EP

Nature of business: Dormant

%

Class of shares:

holding

Ordinary Shares of £1 each

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

8,500

All the above companies remained dormant throughout both the current and previous years and therefore no profits were made.

Deltawaite Limited, as the parent company, is exempt from the requirement to prepare group accounts, under section 405 of the Companies Act 2006, as all of its subsidiary undertakings can be excluded from consolidation in Companies Act group accounts.

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Deltawaite Properties Limited

233,738

228,037

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Hire purchase contracts

14,490

17,414

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

25,000

A Ordinary

£1

25,000

20,000

B Ordinary

£1

20,000

C Ordinary

£1

20,000

33,000

D Ordinary

£1

33,000

1

Dividend A

£1

1

Dividend B

£1

1

Dividend C

£1

1

Dividend D

£1

1

Dividend E

£1

1

98,005

During the financial year the issued share capital was reclassified.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the financial year the directors were charged £931 (2023: £1,908) interest on the loan which is unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES

Included within debtors, amounts falling due after more than one year, is an amount due from Deltawaite Properties Limited of £233,738 (2023: 228,037). The Company charges Deltawaite Properties Limited £5,701 (2023: £5,562) for the provision of this loan, which represents the current HM Revenue and Customs rate.