Abbreviated Company Accounts - DELTA FLUID TECHNOLOGY LIMITED

DELTA FLUID TECHNOLOGY LIMITED - Company Information

08235578 DELTA FLUID TECHNOLOGY LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 08235578 2014-10-01 2015-09-30 08235578 2015-09-30 08235578 2014-09-30 08235578 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 08235578 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 08235578

DELTA FLUID TECHNOLOGY LIMITED

Abbreviated Accounts

30 September 2015

DELTA FLUID TECHNOLOGY LIMITED Registered Number 08235578

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,067	-
		18,067	-
Current assets
Stocks		390,000	182,585
Debtors		311,340	274,090
Cash at bank and in hand		38,063	12,671
		739,403	469,346
Creditors: amounts falling due within one year		(672,783)	(419,839)
Net current assets (liabilities)		66,620	49,507
Total assets less current liabilities		84,687	49,507
Total net assets (liabilities)		84,687	49,507
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		84,587	49,407
Shareholders' funds		84,687	49,507

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 April 2016

And signed on their behalf by:
A Fletcher, Director

DELTA FLUID TECHNOLOGY LIMITED Registered Number 08235578

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Equipment, fixtures and fittings 15% on cost
Plant and machinery 15% on cost

Other accounting policies
Stock and work in progress is valued at the lower of cost and estimated net realisable value. Cost of raw materials is determined on the first in first out basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can be released in the normal course of business, less further costs to completion of sale.

2Tangible fixed assets

	£
Cost
At 1 October 2014	0
Additions	19,338
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	19,338
Depreciation
At 1 October 2014	-
Charge for the year	1,271
On disposals	-
At 30 September 2015	1,271
Net book values
At 30 September 2015	18,067
At 30 September 2014	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100