REGISTERED NUMBER: 03086978 (England and Wales)

Deltic Systems Limited

Unaudited Financial Statements

for the Year Ended 30 June 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

D F G Wood

D J Wood

Secretary:

D J Wood

Registered office:

Erw Nant

Stryt Pentre

Llwynmawr

Llangollen

LL20 7BG

Registered number:

03086978 (England and Wales)

Accountants:

Mitchell Charlesworth

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

2,727

36

Investment property

5

175,000

172,500

177,727

172,536

Current assets

Cash at bank

2,315

814

Creditors

Amounts falling due within one year

6

40,171

34,680

Net current liabilities

(37,856

)

(33,866

)

Total assets less current liabilities

139,871

138,670

Provisions for liabilities

19,361

10,290

Net assets

120,510

128,380

Capital and reserves

Called up share capital

100

100

Fair value reserve

8

82,539

89,110

Retained earnings

37,871

39,170

Shareholders' funds

120,510

128,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

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:

D F G Wood - Director

1.	Statutory information

Deltic Systems 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.

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 is measured at the fair value of the consideration received or receivable.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2024

827

Additions

3,600

At 30 June 2025

4,427

Depreciation

At 1 July 2024

791

Charge for year

909

At 30 June 2025

1,700

Net book value

At 30 June 2025

2,727

At 30 June 2024

36

5.	Investment property

Total

£

Fair value

At 1 July 2024

172,500

Surplus on revaluation

2,500

At 30 June 2025

175,000

Net book value

At 30 June 2025

175,000

At 30 June 2024

172,500

Fair value at 30 June 2025 is represented by:

£

Valuation in 2024

172,500

Valuation in 2025

2,500

175,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.6.25

30.6.24

£

£

Cost

73,100

73,100

Investment properties were valued on an open market basis on 30 June 2025 by the director, D F G Wood .

6.

Creditors: amounts falling due within one year

30.6.25

30.6.24

£

£

Bank loans and overdrafts

-

414

Taxation and social security

2

910

Other creditors

40,169

33,356

40,171

34,680

7.	Secured debts

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Bank loans

-

414

The bank loan is secured on the company's property.

8.

Reserves

Fair

value

reserve

£

At 1 July 2024

89,110

Transfer to retained earnings

(6,571

)

At 30 June 2025

82,539