DE LUCA ASSOCIATES LIMITED - Filleted accounts

Registered number

05943242

DE LUCA ASSOCIATES LIMITED

Filleted Accounts

31 March 2025

DE LUCA ASSOCIATES LIMITED
Registered number:		05943242
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Stocks and WIP		689			689
Debtors	4	14,509			12,526
Cash at bank and in hand		3,093			3,620
		18,291			16,835

Creditors: amounts falling due within one year	5	(8,002)			(673)

Net current assets			10,289			16,162

Total assets less current liabilities			10,289			16,162

Creditors: amounts falling due after more than one year	6		-			(6,143)



Net assets			10,289			10,019

Capital and reserves
Called up share capital			2			2
Share premium			9,689			9,689
Profit and loss account			598			328

Shareholders' funds			10,289			10,019

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P. De Luca
Director
Approved by the board on 12 December 2025

DE LUCA ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							20,385
	At 31 March 2025							20,385

	Amortisation
	At 1 April 2024							20,385
	At 31 March 2025							20,385

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Debtors					2025		2024
£							£

	Other debtors					14,509		12,526


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					3,064		-
	Corporation Tax					2,911		673
	Taxation and social security costs					1,267		-
	Value Added Tax					760		-
						8,002		673


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		6,143


7	Loans to directors
B/fwd			Paid		Repaid		C/fwd
£			£		£		£

	Directors loan	13,524		12,995		(12,310)		14,209

		13,524		12,995		(12,310)		14,209


8	Other information

	DE LUCA ASSOCIATES LIMITED is a private company limited by shares and incorporated in England.
	The Nurseries
	Burnt House Lane
	Bransgore
	Christchurch
	BH23 8AL