Company registration number 06859465 (England and Wales)
DELI 24 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DELI 24 LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
The following pages do not form part of the statutory financial statements
DELI 24 LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,778,527
2,920,163
Current assets
Stocks
5
102,833
102,323
Debtors
6
783,773
663,607
Cash at bank and in hand
1,682,896
846,511
2,569,502
1,612,441
Creditors: amounts falling due within one year
7
(5,050,634)
(5,029,405)
Net current liabilities
(2,481,132)
(3,416,964)
Total assets less current liabilities
297,395
(496,801)
Provisions for liabilities
Deferred tax liability
8
(320,000)
(523,000)
320,000
523,000
Net assets
617,395
26,199
Capital and reserves
Called up share capital
9
2,280,000
2,280,000
Profit and loss reserves
(1,662,605)
(2,253,801)
Total equity
617,395
26,199
DELI 24 LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 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 directors acknowledge their 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 directors of the company have 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 18 November 2025 and are signed on its behalf by:
Mr J R Winter
Director
Company registration number 06859465 (England and Wales)
DELI 24 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Deli 24 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dawson Road, Mount Farm, Bletchley, Milton Keynes, MK1 1JN.

1.1
Accounting convention

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

The financial statements have been prepared on the going concern basis. Certain of the directors and shareholders have prepared long-term loans to the company to finance capital expenditure, start-up costs and on-going working capital. On the assumption that this financial support will be maintained, and increased where necessary, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

1.4
Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of the asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property
over the length of the lease
Plant and machinery
2 to 21 years straight line
Fixtures, fittings and equipment
3 to 21 years straight line
DELI 24 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those assets.

1.6
Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

1.7
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.8
Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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.

1.9
Retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

DELI 24 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Foreign exchange

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 year was:

2025
2024
Number
Number
83
84
4
Tangible fixed assets
Short leasehold property
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost
At 1 April 2024
608,614
5,428,747
950,608
6,987,969
Additions
78,668
68,686
14,924
162,278
At 31 March 2025
687,282
5,497,433
965,532
7,150,247
Depreciation and impairment
At 1 April 2024
415,965
2,936,194
715,647
4,067,806
Depreciation charged in the year
36,628
231,162
36,124
303,914
At 31 March 2025
452,593
3,167,356
751,771
4,371,720
Carrying amount
At 31 March 2025
234,689
2,330,077
213,761
2,778,527
At 31 March 2024
192,649
2,492,553
234,961
2,920,163
DELI 24 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Stocks
2025
2024
£
£
Raw materials and consumables
102,833
102,323
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
696,919
636,738
Prepayments and accrued income
86,854
26,869
783,773
663,607
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
105,308
58,214
Taxation and social security
234,859
279,535
Other creditors
4,670,746
4,666,531
Accruals and deferred income
39,721
25,125
5,050,634
5,029,405
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
489,000
495,500
Tax losses
(808,000)
(1,018,000)
Other timing differences
(1,000)
(500)
(320,000)
(523,000)
2025
Movements in the year:
£
Asset at 1 April 2024
(523,000)
Charge to profit or loss
203,000
Asset at 31 March 2025
(320,000)
DELI 24 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Deferred taxation
(Continued)
- 7 -

The deferred tax asset set out above is expected to reverse within 24 months and relates to accelerated capital allowances and tax losses that are expected to mature within the same period.

9
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,280,000
2,280,000
2,280,000
2,280,000
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
337,933
337,933
Years 2-5
985,638
1,323,571
1,323,571
1,661,504
11
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
281,719
-
12
Transactions with directors

At the balance sheet date the company owed J R Winter the sum of £200,000 (202 4: £200,000) in respect of monies lent in the year ended 31 March 2011, and £1,125,000 (202 4: £1,125,000) in respect of monies lent in the year ended 31 March 2016, on unsecured and interest free bases. These loans can be repaid at the request of the lender after giving thirteen months notice or by the company at any time.

13
Related party transactions

At the balance sheet date, the company owed A Winter the sum of £3,311,279 (202 4: £3,311,279) on an unsecured basis. This money is loaned to the company interest-free. This money can be repaid at the request of the shareholder after giving thirteen months notice or by the company at any time. A Winter has indicated that he will provide further financial support if required, subject to the company achieving certain business targets.

The company operates from premises owned by Highclare Properties Limited, a company under the control of A Winter. A ten year lease is in place effective from 1 March 2019. The initial passing rent is £337,933 per annum after a review on 1 March 202 5.

DELI 24 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
14
Controlling party

The company is controlled by A Winter.

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