Deliver Plus Limited
Deliver Plus Limited
Company Registration No. 05386707 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Deliver Plus Limited
for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Deliver Plus Limited for the year ended 31 December 2020 as set out on pages 5 - 9 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Deliver Plus Limited , as a body, in accordance with the terms of our engagement letter dated 15 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of Deliver Plus Limited and state those matters that we have agreed to state to the Board of Directors of Deliver Plus Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deliver Plus Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Deliver Plus Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Deliver Plus Limited . You consider that Deliver Plus Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Deliver Plus Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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2020
2019
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Net assets
Capital and reserves
Called up share capital
Capital redemption reserve
Profit and loss account
Shareholders' funds
The financial statements were approved by the Board and authorised for issue on 31 March 2021 and were signed on its behalf by
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1
Statutory information
2
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
Turnover
Tangible fixed assets and depreciation
Fixtures & fittings
Computer equipment
Leased Assets
Cash and cash equivalents
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Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current-carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans, and loans from fellow group companies are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax net of Parcelhero Group tax relief.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
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Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
3
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
Disposals
(98,360 )
(6,098 )
(472,064 )
(576,522 )
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
On disposals
(98,361 )
(6,098 )
(459,115 )
(563,574 )
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019
4
Investments
Subsidiary undertakings
£
Valuation at 1 January 2020
Valuation at 31 December 2020
5
Debtors: amounts falling due within one year
2020
2019
£
£
Trade debtors
Amounts due from group undertakings etc.
Accrued income and prepayments
Other debtors
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6
Creditors: amounts falling due within one year
2020
2019
£
£
VAT
Obligations under finance leases and hire purchase contracts
Trade creditors
Other creditors
Accruals
7
Creditors: amounts falling due after more than one year
2020
2019
£
£
Obligations under finance leases and hire purchase contracts
Other creditors
8
Transactions with related parties
9
Controlling party
10
Average number of employees
During the year the average number of employees was 0 (2019: 0 ).
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