Delphian Ballistics Limited - Accounts to registrar (filleted) - small 18.2

Delphian Ballistics Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv18.2.1.62SC281437Board of DirectorsBoard of Directors1.1.1731.12.1731.12.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2814372016-12-31SC2814372017-12-31SC2814372017-01-012017-12-31SC2814372015-12-31SC2814372016-01-012016-12-31SC2814372016-12-31SC281437ns15:Scotland2017-01-012017-12-31SC281437ns14:PoundSterling2017-01-012017-12-31SC281437ns10:Director12017-01-012017-12-31SC281437ns10:Director22017-01-012017-12-31SC281437ns10:PrivateLimitedCompanyLtd2017-01-012017-12-31SC281437ns10:SmallEntities2017-01-012017-12-31SC281437ns10:AuditExempt-NoAccountantsReport2017-01-012017-12-31SC281437ns10:SmallCompaniesRegimeForDirectorsReport2017-01-012017-12-31SC281437ns10:SmallCompaniesRegimeForAccounts2017-01-012017-12-31SC281437ns10:FullAccounts2017-01-012017-12-31SC281437ns10:Director32017-01-012017-12-31SC281437ns10:Director42017-01-012017-12-31SC281437ns10:Director52017-01-012017-12-31SC281437ns10:RegisteredOffice2017-01-012017-12-31SC281437ns5:CurrentFinancialInstruments2017-12-31SC281437ns5:CurrentFinancialInstruments2016-12-31SC281437ns5:ShareCapital2017-12-31SC281437ns5:ShareCapital2016-12-31SC281437ns5:SharePremium2017-12-31SC281437ns5:SharePremium2016-12-31SC281437ns5:RetainedEarningsAccumulatedLosses2017-12-31SC281437ns5:RetainedEarningsAccumulatedLosses2016-12-31SC281437ns5:PlantMachinery2017-01-012017-12-31SC281437ns5:PlantMachinery2016-12-31SC281437ns5:PlantMachinery2017-12-31SC281437ns5:PlantMachinery2016-12-31SC281437ns5:CostValuation2016-12-31SC281437ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-31SC281437ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-31


REGISTERED NUMBER: SC281437(Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

DELPHIAN BALLISTICS LIMITED

DELPHIAN BALLISTICS LIMITED (REGISTERED NUMBER: SC281437)

Contents of the Financial Statements
for the Year Ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELPHIAN BALLISTICS LIMITED

Company Information
for the Year Ended 31 December 2017







DIRECTORS: S C McLeod
D MacNiven
D Donald
K Dunbar
J P Teigland





REGISTERED OFFICE: 39 Albert Street
Aberdeen
AB25 1XU





REGISTERED NUMBER: SC281437(Scotland)






DELPHIAN BALLISTICS LIMITED (REGISTERED NUMBER: SC281437)

Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9 1,935
Investments 5 401,500 401,500
401,509 403,435

CURRENT ASSETS
Debtors 6 12,376 57,683
Cash at bank and in hand 238,578 6,139
250,954 63,822
CREDITORS
Amounts falling due within one year 7 166,602 170,906
NET CURRENT ASSETS/(LIABILITIES) 84,352 (107,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,861

296,351

CAPITAL AND RESERVES
Called up share capital 2,805 2,205
Share premium 3,584,709 2,985,309
Retained earnings (3,101,653 ) (2,691,163 )
SHAREHOLDERS' FUNDS 485,861 296,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

DELPHIAN BALLISTICS LIMITED (REGISTERED NUMBER: SC281437)

Balance Sheet - continued
31 December 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 21 September 2018and were signed on its behalf
by:




S C McLeod- Director



D Donald- Director


DELPHIAN BALLISTICS LIMITED (REGISTERED NUMBER: SC281437)

Notes to the Financial Statements
for the Year Ended 31 December 2017


1. STATUTORY INFORMATION

Delphian Ballistics Limited is a private company, limited by shares, registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 - 33% on cost

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

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.

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.

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.

DELPHIAN BALLISTICS LIMITED (REGISTERED NUMBER: SC281437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4(2016 - 3) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017
and 31 December 2017 15,569
DEPRECIATION
At 1 January 2017 13,634
Charge for year 1,926
At 31 December 2017 15,560
NET BOOK VALUE
At 31 December 2017 9
At 31 December 2016 1,935

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2017
and 31 December 2017 401,500
NET BOOK VALUE
At 31 December 2017 401,500
At 31 December 2016 401,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 2,729 -
Amounts owed by group undertakings 8,552 8,702
Other debtors 1,095 48,981
12,376 57,683

DELPHIAN BALLISTICS LIMITED (REGISTERED NUMBER: SC281437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 1,182 19,629
Taxation and social security 2,002 8,755
Other creditors 163,418 142,522
166,602 170,906

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

9. SHARE-BASED PAYMENT TRANSACTIONS

The company has an EMI option scheme for certain employees. Options are exercisable at a price equal to
average market price, as agreed with HM Revenue and Customs, of the company's shares on the date of the
grant. The vesting period is over ten years, with restrictions in place as to the number of options that could be
exercised until certain performance criteria have been achieved.

If the options remain unexercised after a period of ten years from the date of the grant, the options expire.
Options are forfeited if the employee leaves the company before the options vest.

10. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and
shareholders will continue to financially support the company.

11. REDEEMABLE SHARES

Included within share capital are redeemable B Ordinary shares with an aggregate nominal value of £600. The
shares are redeemable 12 months after issue or if there is a sale of more than 50% of the Company's issued share
capital or of the whole of the Company's business as a going concern and only if there Company has sufficient
distributable reserves at the Company's sole election.