Company Registration No. 05366759 (England and Wales)
Delipod Ltd
Unaudited accounts
for the year ended 28 February 2018
Delipod Ltd
Unaudited accounts
Contents
Delipod Ltd
Company Information
for the year ended 28 February 2018
Company Number
05366759 (England and Wales)
Registered Office
18 CLARENDON COURT
SIDMOUTH ROAD
LONDON
NW2 5HB
Accountants
Newbury Hale Accountancy Services Ltd
19 Clements Road
Chorleywood
Hertfordshire
WD3 5JS
Delipod Ltd
Statement of financial position
as at 28 February 2018
Intangible assets
1,000
1,000
Cash at bank and in hand
8,677
8,025
Creditors: amounts falling due within one year
(450,741)
(427,475)
Net current liabilities
(412,925)
(388,778)
Net liabilities
(411,925)
(386,945)
Called up share capital
1,000
1,000
Profit and loss account
(412,925)
(387,945)
Shareholders' funds
(411,925)
(386,945)
For the year ending 28 February 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 July 2018.
Peter Howson
Director
Company Registration No. 05366759
Delipod Ltd
Notes to the Accounts
for the year ended 28 February 2018
Delipod Ltd is a private company, limited by shares, registered in England and Wales, registration number 05366759. The registered office is 18 CLARENDON COURT , SIDMOUTH ROAD, LONDON, NW2 5HB.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Website costs which have been capitalised will be amortised over 5 years once the website is available for use.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Delipod Ltd
Notes to the Accounts
for the year ended 28 February 2018
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Intangible fixed assets
Other
The intangible fixed asset is in respect of the costs of developing a website for the business. This website will have the facility whereby orders can be placed and therefore generate sales. It is expected that the level of these sales will exceed the costs associated with developing the website.
The website is in the process of being tested and the asset will be amortised over its useful economic life once the website is available for use.
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Tangible fixed assets
Plant & machinery
At 28 February 2018
26,791
At 28 February 2018
26,791
Finished goods
25,660
25,660
Amounts due from group undertakings etc.
3,457
3,344
Delipod Ltd
Notes to the Accounts
for the year ended 28 February 2018
8
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,682
1,770
Other creditors
296,963
287,603
Loans from directors
131,099
123,035
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Operating lease commitments
2018
2017
At 28 February 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
117,468
121,500
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Transactions with related parties
Loan to parent - How-So Holdings Limited: £3,457 (2017: £3,344)
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Average number of employees
During the year the average number of employees was 3 (2017: 1).
