Delta 365 Limited - Accounts to registrar (filleted) - small 18.2

Delta 365 Limited - Accounts to registrar (filleted) - small 18.2

DELTA 365 LIMITED - Company Information

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REGISTERED NUMBER: 09325250 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

DELTA 365 LIMITED
DELTA 365 LIMITED (REGISTERED NUMBER: 09325250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELTA 365 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: S J O'Neill
J W Deag





REGISTERED OFFICE: 2-4 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7QE





REGISTERED NUMBER: 09325250 (England and Wales)





ACCOUNTANTS: Nunn Hayward LLP
Chartered Accountants
2-4 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7QE
1
DELTA 365 LIMITED (REGISTERED NUMBER: 09325250)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investments 5 51 -
51 -

CURRENT ASSETS
Stocks 28,124 17,848
Debtors 6 97,326 63,722
Cash at bank - 16,612
125,450 98,182
CREDITORS
Amounts falling due within one year 7 202,486 143,647
NET CURRENT LIABILITIES (77,036 ) (45,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(76,985
)
(45,465
)

CREDITORS
Amounts falling due after more than one
year
8
770
8,550
NET LIABILITIES (77,755 ) (54,015 )

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings (77,955 ) (54,115 )
SHAREHOLDERS' FUNDS (77,755 ) (54,015 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes form part of these financial statements

2 continued...
DELTA 365 LIMITED (REGISTERED NUMBER: 09325250)

BALANCE SHEET - continued
31 DECEMBER 2019


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 on 9 March 2020 and were signed on its behalf by:




S J O'Neill - Director



J W Deag - Director


The notes form part of these financial statements

3
DELTA 365 LIMITED (REGISTERED NUMBER: 09325250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

Delta 365 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Goods provided to customers as part of a telephone contract are included at net cost after any customer
contributions, this cost is then written off over the period of the contract.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

4 continued...
DELTA 365 LIMITED (REGISTERED NUMBER: 09325250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


2. ACCOUNTING POLICIES - continued

Revenue recognition
Commissions receivable in respect of line rentals, call and data charges are recognised in the period when the
user is billed for such charges.

Commission receivable in respect of airtime providers is recognised in two stages. Fifty percent of the initial
commission received, upon the signing of new customer contract, is taken directly to the profit and loss account.
The remaining fifty percent is written off over the period of the contract. The amount written off over this period is
to recognise the ongoing cost of servicing the contract.

Revenue on the sale the goods is recognised on delivery to customer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2019
and 31 December 2019 1,118
DEPRECIATION
At 1 January 2019
and 31 December 2019 1,118
NET BOOK VALUE
At 31 December 2019 -
At 31 December 2018 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 51
At 31 December 2019 51
NET BOOK VALUE
At 31 December 2019 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£ £
Trade debtors 18,691 5,389
Other debtors 78,635 58,333
97,326 63,722

5 continued...
DELTA 365 LIMITED (REGISTERED NUMBER: 09325250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£ £
Bank loans and overdrafts 29,005 -
Hire purchase contracts 6,788 6,515
Trade creditors 33,045 12,625
Amounts owed to group undertakings 51 -
Taxation and social security 7,593 3,348
Other creditors 126,004 121,159
202,486 143,647

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£ £
Hire purchase contracts 770 8,550

9. SECURED LIABILITIES

On 10 January 2019, the company entered into a fixed and floating charge with a negative pledge clause over its
assets with Lloyds Bank Plc.

6