Delph & Co (Accountancy) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04699182

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		636

			-		636
CURRENT ASSETS
Stocks	5	3,230		820
Debtors	6	1,301		10,837
Cash at bank and in hand		2,181		957

		6,712		12,614
Creditors: Amounts Falling Due Within One Year	7	(6,509 )		(13,220 )

NET CURRENT ASSETS (LIABILITIES)			203		(606 )

TOTAL ASSETS LESS CURRENT LIABILITIES			203		30

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(288 )

NET ASSETS/(LIABILITIES)			203		(258 )

CAPITAL AND RESERVES
Called up share capital	8		2,000		2,000
Profit and Loss Account			(1,797 )		(2,258 )

SHAREHOLDERS' FUNDS			203		(258)

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Delph & Co (Accountancy) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 Michael Delph

Director

30/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Delph & Co (Accountancy) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04699182 . The registered office is 10, Bradshaw Road, Drayton, Norwich, Norfolk, NR8 6DJ.

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.

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	25% per annum (straight line)
Fixtures & Fittings	25% per annum (straight line)
Computer Equipment	25% per annum (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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Delph & Co (Accountancy) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,889	8,511	10,400

As at 31 March 2025	1,889	8,511	10,400

Depreciation
As at 1 April 2024	1,732	8,032	9,764
Provided during the period	157	479	636

As at 31 March 2025	1,889	8,511	10,400

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	157	479	636

5. Stocks

	2025	2024
	£	£
Materials	50	50
Work in progress	3,180	770

	3,230	820

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94	-
Prepayments and accrued income	1,207	784
Director's loan account	-	10,053

	1,301	10,837

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	445
Corporation tax	213	11,736
VAT	385	452
Accruals and deferred income	196	587
Director's loan account	5,716	-

	6,509	13,220

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

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Delph & Co (Accountancy) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors (and Creditors) are the following loans to the director (31st March 2025 being balance due to the director):

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Michael Delph	10,052	17,742	33,510	-	(5,716 )

The Director operates a Directors Account (DLA), which when overdrawn is repayable on demand.

No Dividends were paid or credited to the Directors Account during the 2024/25 Financial Year.

The Director fully redeemed the £10,052 loan amount balance brought forward by paying specific monies from personal funds into the company on 9th April 2024 (£12,000), on 8th July 2024 (£10,000), and on 30th October 2024) (£5,000); Combined these amounts being £27,000.

The Director was Advanced amounts totalling £17,742 during the year.

In addition to the £27,000 above, the Director personally Repaid / was credited a further £6,510, and being £33,510 in total repaid during the year.

The net movement (credit) in the year of £15,768 left the Directors personal account in significant credit from July 2024, through to the 31st March 2025 (Balance then due to the Director = £5,716; and no Director loan, no longer was, or is outstanding.

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