Dealtop (Plymouth) Ltd Accounts

DEALTOP (PLYMOUTH) LIMITED - Company Information






Dealtop (Plymouth) Ltd

	Company No. 03476008
		Information for Filing with The Registrar
		31 December 2020

The Director presents his report and the accounts for the year ended 31 December 2020.

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




Director

The Director who served at any time during the year was as follows:

R. Risk





































































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

R. Risk
Director
30 May 2022

at	31 December 2020
Company No.		03476008	Notes	2020	2019
				£	£
Fixed assets
	Intangible assets		4	-	-
	Tangible assets		5	406,313	590,356


				406,313	590,356
Current assets

	Debtors		6	97,207	153,444

	Cash at bank and in hand			45,525	-
				142,732	153,444
Creditors: Amount falling due within one year			7	(264,076)	(367,262)
Net current liabilities				(121,344)	(213,818)
Total assets less current liabilities				284,969	376,538
Creditors: Amounts falling due after more than one year			8	(50,000)	(44,591)
Provisions for liabilities
	Deferred taxation		9	(69,979)	(69,979)

Net assets				164,990	261,968

Capital and reserves
	Called up share capital			4	4



	Profit and loss account		10	164,986	261,964

Total equity				164,990	261,968



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 2020 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 30 May 2022
And signed on its behalf by:
R. Risk
Director
30 May 2022

for the year ended 31 December 2020

General information

Its registered number is: 03476008

Its registered office is:

Zone 2

Wrentham Business Centre

Prospect Park

Exeter

EX4 6NA

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.

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

10% Reducing balance

Plant and machinery

10% Straight line

Motor vehicles

10% 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.

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.

3	Employees
			2020	2019
			Number	Number
		The average monthly number of employees (including directors) during the year was:	51	51

4	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 January 2020	14,715	14,715


		At 31 December 2020	14,715	14,715
		Amortisation and impairment
		At 1 January 2020	14,715	14,715



		At 31 December 2020	14,715	14,715
		Net book values
		At 31 December 2020	-	-
		At 31 December 2019	-	-

5	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Total
			£	£	£	£
		Cost or revaluation
		At 1 January 2020	79,592	62,959	1,704,514	1,847,065



		Disposals	-	(1,817)	(582,027)	(583,844)
		At 31 December 2020	79,592	61,142	1,122,487	1,263,221
		Depreciation
		At 1 January 2020	63,672	61,353	1,131,684	1,256,709
		Charge for the year	7,959	125	88,647	96,731


		Disposals	-	(1,027)	(495,505)	(496,532)
		At 31 December 2020	71,631	60,451	724,826	856,908
		Net book values
		At 31 December 2020	7,961	691	397,661	406,313
		At 31 December 2019	15,920	1,606	572,830	590,356

6	Debtors
			2020	2019
			£	£
		Trade debtors	83,645	132,619



		VAT recoverable	8,562	15,825


		Prepayments and accrued income	5,000	5,000
			97,207	153,444

7	Creditors:
		amounts falling due within one year
			2020	2019
			£	£

		Bank loans and overdrafts	3,500	59,934
		Other loans	3,000	3,000
		Obligations under finance lease and hire purchase contracts	60,015	74,473
		Trade creditors	54,471	80,966


		Other taxes and social security	2,102	4,449
		Loans from directors	131,887	135,337

		Accruals and deferred income	9,101	9,103
			264,076	367,262

8	Creditors:
		amounts falling due after more than one year
			2020	2019
			£	£

		Bank loans and overdrafts	50,000	-

		Obligations under finance lease and hire purchase contracts	-	44,591




			50,000	44,591

9	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 January 2020	69,979	69,979


		At 31 December 2020	69,979	69,979



			2020	2019
			£	£
		Accelerated capital allowances	69,979	69,979



			69,979	69,979

Reserves

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