1 January 2024 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP101045492024-01-012024-12-31101045492024-12-31101045492023-12-3110104549core:WithinOneYear2024-12-3110104549core:WithinOneYear2023-12-3110104549core:AfterOneYear2024-12-3110104549core:AfterOneYear2023-12-3110104549core:ShareCapital2024-12-3110104549core:ShareCapital2023-12-3110104549core:RetainedEarningsAccumulatedLosses2024-12-3110104549core:RetainedEarningsAccumulatedLosses2023-12-3110104549bus:Director12024-01-012024-12-3110104549bus:RegisteredOffice2024-01-012024-12-311010454912024-01-012024-12-31101045492023-01-012023-12-3110104549countries:EnglandWales2024-01-012024-12-3110104549bus:AuditExemptWithAccountantsReport2024-01-012024-12-3110104549bus:PrivateLimitedCompanyLtd2024-01-012024-12-3110104549bus:SmallEntities2024-01-012024-12-3110104549bus:FullAccounts2024-01-012024-12-31
Company registration number:
10104549
Delfo (Ilford) Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Delfo (Ilford) Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Delfo (Ilford) Limited
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Delfo (Ilford) Limited
for the year ended
31 December 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Delfo (Ilford) Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Delfo (Ilford) Limited
and state those matters that we have agreed to state to the Board of Directors of
Delfo (Ilford) Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Delfo (Ilford) Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Delfo (Ilford) Limited
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 loss of
Delfo (Ilford) Limited
. You consider that
Delfo (Ilford) Limited
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 Delfo (Ilford) Limited. 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.
Prime Advisory UK Ltd
Unit 3.12 East London Works
65 Whitechapel Road
London
E1 1DU
United Kingdom
Delfo (Ilford) Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Current assets    
Stocks
15,245,640
 
15,236,783
 
Debtors 5
60,645
 
95,813
 
Cash at bank and in hand
14,598
 
48,954
 
15,320,883
 
15,381,550
 
Creditors: amounts falling due within one year 6
(26,464
)
(70,146
)
Net current assets
15,294,419
 
15,311,404
 
Total assets less current liabilities 15,294,419   15,311,404  
Creditors: amounts falling due after more than one year 7
(18,203,573
)
(17,862,726
)
Net liabilities
(2,909,154
)
(2,551,322
)
Capital and reserves    
Called up share capital
5
 
5
 
Profit and loss account
(2,909,159
)
(2,551,327
)
Shareholders deficit
(2,909,154
)
(2,551,322
)
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The 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 directors acknowledge their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 September 2025
, and are signed on behalf of the board by:
G Williams
Director
Company registration number:
10104549
Delfo (Ilford) Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3.12 East London Works
,
65 Whitechapel Road
,
London
,
E1 1DU
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company incurred a loss of £357,832 (2023: £572,331) In the year ended 31 December 2024 and as at that date its liabilities exceeded its assests by £2,909,154 (2023: £2,551,332) The company is dependent upon the continuing financial support of its shareholders without which there would be significant doubt about its ability to continue as agoing concern as well as its ability to realise its assets and discharge its liabilities in the ordibnary course of business. The shareholders have indicated their intention to continue providing such financial assistance to the company to enable it to continue as a going concern and to meet its obligations as they fall due.

Stocks

Stocks are measured at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Debtors

20242023
££
Other debtors
60,645
 
95,813
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
23,802
 
67,484
 
Taxation and social security
562
 
562
 
Other creditors
2,100
 
2,100
 
26,464
 
70,146
 

7 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
18,203,573
 
17,862,726