Dealtop Limited Accounts






Dealtop Limited

	Company No. 02078288
		Information for Filing with The Registrar
		31 December 2021

The Directors present their report and the accounts for the year ended 31 December 2021.

Principal activities
The principal activity of the company during the year under review was that of coach and bus operators.




Directors

The Directors who served at any time during the year were as follows:

D.M. Dart
D.R. Hounslow




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.M. Dart
Director
17 August 2022

at	31 December 2021
Company No.		02078288	Notes	2021	2020
				£	£
Fixed assets
	Intangible assets		4	250	250
	Tangible assets		5	4,005,504	4,232,961

	Investments		7	653,727	500,000
				4,659,481	4,733,211
Current assets

	Debtors		8	266,020	375,116

	Cash at bank and in hand			760,487	693,201
				1,026,507	1,068,317
Creditors: Amount falling due within one year			9	(1,687,294)	(1,684,082)
Net current liabilities				(660,787)	(615,765)
Total assets less current liabilities				3,998,694	4,117,446
Creditors: Amounts falling due after more than one year			10	(486,302)	(930,696)
Provisions for liabilities
	Deferred taxation		11	(570,870)	(561,749)

Net assets				2,941,522	2,625,001

Capital and reserves
	Called up share capital			6,000	6,000



	Profit and loss account		12	2,935,522	2,619,001

Total equity				2,941,522	2,625,001



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2021 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 17 August 2022
And signed on its behalf by:
D.M. Dart
Director
17 August 2022

for the year ended 31 December 2021

General information

Its registered number is: 02078288

Its registered office is:

3 Southbrook Road

Exeter

EX2 6JA

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

9% straight line

Plant and machinery

9.2% straight line

Motor vehicles

8.33% straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	119	119

4	Intangible fixed assets
			Goodwill	Other	Total
			£	£	£
		Cost
		At 1 January 2021	210,449	250	210,699


		At 31 December 2021	210,449	250	210,699
		Amortisation and impairment
		At 1 January 2021	210,449	-	210,449



		At 31 December 2021	210,449	-	210,449
		Net book values
		At 31 December 2021	-	250	250
		At 31 December 2020	-	250	250

5	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 January 2021	111,205	114,257	7,462,520	159,226	7,847,208
		Additions	-	8,501	475,185	-	483,686


		Disposals	-	-	(399,336)	-	(399,336)
		At 31 December 2021	111,205	122,758	7,538,369	159,226	7,931,558
		Depreciation
		At 1 January 2021	54,402	43,631	3,356,988	159,226	3,614,247
		Charge for the year	10,024	11,341	616,887	-	638,252


		Disposals	-	-	(326,445)	-	(326,445)
		At 31 December 2021	64,426	54,972	3,647,430	159,226	3,926,054
		Net book values
		At 31 December 2021	46,779	67,786	3,890,939	-	4,005,504
		At 31 December 2020	56,803	70,626	4,105,532	-	4,232,961

Assets under Hire Purchase contracts

The net book value of motor vehicles includes £2,389,738 (2020: £2,455,676) in respect of assets leased under hire purchase agreements, the depreciation of which mounted to £258,558 (2020: £267,426) in the year.

7	Investments
			Other investments - Unlisted	Total
			£	£
		Cost or valuation
		At 1 January 2021	500,000	500,000
		Additions	153,727	153,727


		At 31 December 2021	653,727	653,727
		Provisions/Impairment





		Net book values
		At 31 December 2021	653,727	653,727
		At 31 December 2020	500,000	500,000

8	Debtors
			2021	2020
			£	£
		Trade debtors	226,071	280,904

		Corporation tax recoverable	-	34,852

		VAT recoverable	32,495	11,179

		Other debtors	7,454	48,181

			266,020	375,116

9	Creditors:
		amounts falling due within one year
			2021	2020
			£	£


		Other loans	-	250,000
		Obligations under finance lease and hire purchase contracts	490,790	421,855
		Trade creditors	208,764	152,590

		Corporation tax	102,111	-
		Other taxes and social security	54,636	42,812
		Loans from directors	73,893	143,893
		Other creditors	5,548	2,500
		Accruals and deferred income	751,552	670,432
			1,687,294	1,684,082

10	Creditors:
		amounts falling due after more than one year
			2021	2020
			£	£



		Obligations under finance lease and hire purchase contracts	486,302	930,696




			486,302	930,696

11	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 January 2021	561,749	561,749
		Charge to the profit and loss account for the period	9,121	9,121

		At 31 December 2021	570,870	570,870



			2021	2020
			£	£
		Accelerated capital allowances	570,870	561,749



			570,870	561,749

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

13	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	112,800	113,000

			112,800	113,000

		Dividends by type:

		Equity dividends	112,800	113,000
			112,800	113,000

Dealtop Limited0207828831 December 202101 January 2021false17 August 2022BTCSoftware AP Solution 2022 9.2.019.2.01true020782882021-01-012021-12-31020782882021-12-31020782882020-12-3102078288core:WithinOneYear2021-12-3102078288core:WithinOneYear2020-12-3102078288core:AfterOneYear2021-12-3102078288core:AfterOneYear2020-12-3102078288core:ShareCapital2021-12-3102078288core:ShareCapital2020-12-3102078288core:RetainedEarningsAccumulatedLosses2021-12-3102078288core:RetainedEarningsAccumulatedLosses2020-12-3102078288bus:RegisteredOffice2021-01-012021-12-3102078288core:LeasedAssetsHeldAsLesseecore:LandBuildings2021-01-012021-12-3102078288core:PlantMachinery2021-01-012021-12-3102078288core:MotorVehicles2021-01-012021-12-31020782882020-01-012020-12-3102078288core:Goodwill2021-01-0102078288core:OtherResidualIntangibleAssets2021-01-01020782882021-01-0102078288core:Goodwill2021-12-3102078288core:OtherResidualIntangibleAssets2021-12-3102078288core:Goodwill2020-12-3102078288core:OtherResidualIntangibleAssets2020-12-3102078288core:LandBuildings2021-01-0102078288core:PlantMachinery2021-01-0102078288core:MotorVehicles2021-01-0102078288core:FurnitureFittingsToolsEquipment2021-01-0102078288core:LandBuildings2021-01-012021-12-3102078288core:FurnitureFittingsToolsEquipment2021-01-012021-12-3102078288core:LandBuildings2021-12-3102078288core:PlantMachinery2021-12-3102078288core:MotorVehicles2021-12-3102078288core:FurnitureFittingsToolsEquipment2021-12-3102078288core:LandBuildings2020-12-3102078288core:PlantMachinery2020-12-3102078288core:MotorVehicles2020-12-3102078288core:FurnitureFittingsToolsEquipment2020-12-3102078288core:CostValuationcore:UnlistedNon-exchangeTraded2021-01-0102078288core:CostValuation2021-01-0102078288core:AdditionsToInvestmentscore:UnlistedNon-exchangeTraded2021-12-3102078288core:AdditionsToInvestments2021-12-3102078288core:CostValuationcore:UnlistedNon-exchangeTraded2021-12-3102078288core:UnlistedNon-exchangeTraded2021-12-3102078288core:UnlistedNon-exchangeTraded2020-12-3102078288core:AcceleratedTaxDepreciationDeferredTax2021-12-3102078288core:AcceleratedTaxDepreciationDeferredTax2020-12-3102078288core:RetainedEarningsAccumulatedLosses2021-01-012021-12-3102078288bus:AllOrdinaryShares2021-01-012021-12-3102078288bus:SmallEntities2021-01-012021-12-3102078288bus:FullAccounts2021-01-012021-12-3102078288bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3102078288bus:Director12021-01-012021-12-3102078288bus:PrivateLimitedCompanyLtd2021-01-012021-12-31iso4217:GBPxbrli:pure