Delco Safety Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of Delco Safety Limited For The Year Ended 28 February 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Delco Safety Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Delco Safety Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Delco Safety Limited and state those matters that we have agreed to state to the director of Delco Safety Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delco Safety Limited and its director as a body for our work or for this report.

It is your duty to ensure that Delco Safety Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Delco Safety Limited . You consider that Delco Safety 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 accounts of Delco Safety 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 financial statements.

02/06/2025

Purvis Stevens LLP

Hayles Bridge Offices

228 Mulgrave Road

Cheam

Surrey

SM2 6JT

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Delco Safety Limited

Balance Sheet

As At 28 February 2025

Balance Sheet

Registered number: 06090259

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,372		3,875

			6,372		3,875
CURRENT ASSETS
Stocks	5	1,000		1,000
Debtors	6	598,503		924,222
Cash at bank and in hand		281,669		260,388

		881,172		1,185,610
Creditors: Amounts Falling Due Within One Year	7	(228,261 )		(319,376 )

NET CURRENT ASSETS (LIABILITIES)			652,911		866,234

TOTAL ASSETS LESS CURRENT LIABILITIES			659,283		870,109

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,593 )		(946 )

NET ASSETS			657,690		869,163

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			657,590		869,063

SHAREHOLDERS' FUNDS			657,690		869,163

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Delco Safety Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Derek Andrews

Director

02/06/2025

The notes on pages 4 to 6 form part of these financial statements.

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Delco Safety Limited

Notes to the Financial Statements

For The Year Ended 28 February 2025

Notes to the Financial Statements

1. General Information

Delco Safety Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06090259 . The registered office is Hayles Bridge Offices, 228 Mulgrave Road, Cheam, Surrey, SM2 6JT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Delco Safety Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 20)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 March 2024	19,233
Additions	4,472

As at 28 February 2025	23,705

Depreciation
As at 1 March 2024	15,358
Provided during the period	1,975

As at 28 February 2025	17,333

Net Book Value
As at 28 February 2025	6,372

As at 1 March 2024	3,875

5. Stocks

	2025	2024
	£	£
Stock	1,000	1,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	207,452	270,671
Prepayments and accrued income	-	15,000
Other debtors	27,500	20,000
Amounts owed by group undertakings	363,551	618,551

	598,503	924,222

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,201	19,887
Corporation tax	136,627	182,445
Other taxes and social security	8,734	16,274
VAT	67,681	95,589
Other creditors	1,163	1,733
Other creditors (1)	2,307	-
Accruals and deferred income	2,575	2,475
Director's loan account	973	973

	228,261	319,376

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Delco Safety Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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