Delta Resins Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01864722 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

DELTA RESINS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr J B Meikle

Mrs A J Meikle

Mr D B Meikle

Mrs K L Barnes

SECRETARY:

Mrs A J Meikle

REGISTERED OFFICE:

Units 28-30 Haigh Park

Haigh Avenue

Whitehill Industrial Estate

Stockport

Cheshire

SK4 1QR

REGISTERED NUMBER:

01864722 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

BANKERS:

National Westminster Bank plc

180 London Road

Hazel Grove

Stockport

Cheshire

SK7 4DH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

282,978

402,977

282,978

402,977

CURRENT ASSETS

Stocks

450,658

447,851

Debtors

6

1,294,954

678,683

Cash at bank and in hand

1,227,427

434,824

2,973,039

1,561,358

CREDITORS

Amounts falling due within one year

7

1,952,935

631,390

NET CURRENT ASSETS

1,020,104

929,968

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,303,082

1,332,945

CREDITORS

Amounts falling due after more than one
year

8

-

(75,009

)

PROVISIONS FOR LIABILITIES

9

(69,085

)

(71,625

)

NET ASSETS

1,233,997

1,186,311

CAPITAL AND RESERVES

Called up share capital

10

1,000

Share premium

5,556

Retained earnings

1,227,441

1,179,755

SHAREHOLDERS' FUNDS

1,233,997

1,186,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2026 and were signed on its behalf by:

Mr D B Meikle - Director

1.	STATUTORY INFORMATION

Delta Resins 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.

Turnover

Turnover is recognised on the date that goods are despatched from the company's premises. Turnover is measured on amounts invoiced for the goods despatched at their fair value, excluding discounts, rebates and value added tax and other sale taxes.

Goodwill

The Goodwill was acquired on the purchase of a trade including plant, equipment and know how. The Goodwill has been written off over 5 years commencing from the 1st January 2004.

Historically the Directors believe that their customer base changes as a whole every 5 years and it is on this basis that the acquired Goodwill has been written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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, 25% on cost, 15% on reducing balance, 10% on cost and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Research and development

Expenditure on research and development incurred in the year other than on fixed assets is charged against profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

37,753

AMORTISATION

At 1st January 2025

and 31st December 2025

37,753

NET BOOK VALUE

At 31st December 2025

-

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

1,000,869

Additions

45,104

Disposals

(147,114

)

At 31st December 2025

898,859

DEPRECIATION

At 1st January 2025

597,892

Charge for year

44,158

Eliminated on disposal

(26,169

)

At 31st December 2025

615,881

NET BOOK VALUE

At 31st December 2025

282,978

At 31st December 2024

402,977

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

880,807

652,565

Amounts owed by group undertakings

387,702

-

Other debtors

26,445

26,118

1,294,954

678,683

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

-

9,607

Trade creditors

307,954

151,559

Amounts owed to group undertakings

-

90,201

Taxation and social security

283,205

189,235

Other creditors

1,361,776

190,788

1,952,935

631,390

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts

-

75,009

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Capital allowances in excess of depreciation

69,085

71,625

Deferred

tax

£

Balance at 1st January 2025

71,625

Credit to Statement of Income and Retained Earnings during year

(2,540

)

Profit & loss account

Balance at 31st December 2025

69,085

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

550

A Ordinary shares

£1

550

50

B Ordinary shares

£1

50

400

C Ordinary shares

£1

400

1,000

All three classes of fully paid "A" , "B" and "C" Ordinary shares have the same rights attaching to them except they carry differential rights to the receipt of such dividends, payable on such class or classes of shares, in such amounts, at such frequency and at such times on the recommendation of the Directors.

11.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by Delta Holdings (UK) Limited, and this is the ultimate holding company.