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DEALCOMP LIMITED

REPORT OF THE DIRECTOR AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023






DEALCOMP LIMITED (REGISTERED NUMBER: 02257959)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DEALCOMP LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTOR: L F Thomas



REGISTERED OFFICE: 4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



REGISTERED NUMBER: 02257959 (England and Wales)



ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



BANKERS: Lloyds TSB PLC
Threadneedle Street Branch
39 Threadneedle Street
London
EC2R 8AU

DEALCOMP LIMITED (REGISTERED NUMBER: 02257959)

STATEMENT OF FINANCIAL POSITION
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 281 330
Investments 6 67,106 73,125
67,387 73,455

CURRENT ASSETS
Cash at bank 3,511 55,786

CREDITORS
Amounts falling due within one year 7 153,803 194,401
NET CURRENT LIABILITIES (150,292 ) (138,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,905

)

(65,160

)

PROVISIONS FOR LIABILITIES 5,137 6,312
NET LIABILITIES (88,042 ) (71,472 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 5,548 10,551
Retained earnings (93,690 ) (82,123 )
SHAREHOLDERS' FUNDS (88,042 ) (71,472 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DEALCOMP LIMITED (REGISTERED NUMBER: 02257959)

STATEMENT OF FINANCIAL POSITION - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 February 2024 and were signed by:





L F Thomas - Director


DEALCOMP LIMITED (REGISTERED NUMBER: 02257959)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023


1. STATUTORY INFORMATION

Dealcomp Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DEALCOMP LIMITED (REGISTERED NUMBER: 02257959)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 September 2022
and 31 August 2023 7,773
Depreciation
At 1 September 2022 7,443
Charge for year 49
At 31 August 2023 7,492
Net book value
At 31 August 2023 281
At 31 August 2022 330

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost or valuation
At 1 September 2022 73,125
Additions 1,257
Disposals (1,100 )
Revaluations (6,176 )
At 31 August 2023 67,106
Net book value
At 31 August 2023 67,106
At 31 August 2022 73,125

DEALCOMP LIMITED (REGISTERED NUMBER: 02257959)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2023 is represented by:

Other
investments
£   
Valuation in 2021 42,430
Valuation in 2022 (8,757 )
Valuation in 2023 (6,176 )
Cost 39,609
67,106

If Fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 39,452 39,452

Fixed Asset Investments were valued on an open market basis on 31 August 2022 by the company's stockbrokers .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - (3 )
Taxation and social security 67 346
Other creditors 153,736 194,058
153,803 194,401

8. RESERVES
Revaluation
reserve
£   
At 1 September 2022 10,551
Revaluation of investments (5,003 )

At 31 August 2023 5,548

9. CONTINGENT LIABILITIES

As far as the Director is aware, there were no contingent liabilities at the balance sheet date.


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L F Thomas.