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Company Registration No. 02946308 (England and Wales)
Delcraven Limited Unaudited accounts for the year ended 30 April 2025
Delcraven Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Delcraven Limited Company Information for the year ended 30 April 2025
Directors
Sandra Bayley Wayne Bayley
Company Number
02946308 (England and Wales)
Registered Office
1 Bayley Paddock Mill Lane Littleworth RH13 8JU
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Delcraven Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,929
1,848
Current assets
Inventories
311,298
137,390
Debtors
5
10,991
7,398
Cash at bank and in hand
20,899
31,530
343,188
176,318
Creditors: amounts falling due within one year
6
(733,780)
(591,193)
Net current liabilities
(390,592)
(414,875)
Total assets less current liabilities
(388,663)
(413,027)
Creditors: amounts falling due after more than one year
7
(96,647)
(35,130)
Net liabilities
(485,310)
(448,157)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(485,312)
(448,159)
Shareholders' funds
(485,310)
(448,157)
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by
Wayne Bayley Director Company Registration No. 02946308
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Delcraven Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Delcraven Limited is a private company, limited by shares, registered in England and Wales, registration number 02946308. The registered office is 1 Bayley Paddock, Mill Lane, Littleworth, RH13 8JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
These accounts have been prepared on the going concern basis of accounting. Although there are negative reserves at the balance sheet date the directors have confirmed continued support and have sufficient external funds available to continue trading.
Turnover
Revenue, described as turnover is the the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is charged so as to write off the cost of the assets, other than land and properties under construction over their estimated useful lives, as follows:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Stock
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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Delcraven Limited Notes to the Accounts for the year ended 30 April 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
12,801
3,538
16,339
Additions
-
570
570
At 30 April 2025
12,801
4,108
16,909
Depreciation
At 1 May 2024
11,155
3,336
14,491
Charge for the year
411
78
489
At 30 April 2025
11,566
3,414
14,980
Net book value
At 30 April 2025
1,235
694
1,929
At 30 April 2024
1,646
202
1,848
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
5,793
5,999
Other debtors
5,198
1,399
10,991
7,398
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
(4,610)
3,563
Taxes and social security
5,609
1,846
Loans from directors
731,781
584,784
Accruals
1,000
1,000
733,780
591,193
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
96,647
35,130
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Delcraven Limited Notes to the Accounts for the year ended 30 April 2025
8
Transactions with related parties
Interest is not being charged on a related party loan of £731,369 (2024: £584,784) included within creditors. The balance is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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