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Registered number: 04534213
Dedicated Transport Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Elementary Accountancy Services Limited
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Dedicated Transport Solutions Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dedicated Transport Solutions Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Dedicated Transport Solutions Limited , as a body, in accordance with the terms of our engagement letter dated 28 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Dedicated Transport Solutions Limited and state those matters that we have agreed to state to the directors of Dedicated Transport Solutions Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dedicated Transport Solutions Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Dedicated Transport Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Dedicated Transport Solutions Limited . You consider that Dedicated Transport Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Dedicated Transport Solutions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
18/04/2024
Elementary Accountancy Services Limited
36 Dearne Hall Lane
Barnsley
S751FX
Page 1
Page 2
Balance Sheet
Registered number: 04534213
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,500,044 7,194,269
7,500,044 7,194,269
CURRENT ASSETS
Debtors 5 1,387,410 1,259,182
Cash at bank and in hand 4,171 74,120
1,391,581 1,333,302
Creditors: Amounts Falling Due Within One Year 6 (1,107,722 ) (2,163,113 )
NET CURRENT ASSETS (LIABILITIES) 283,859 (829,811 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,783,903 6,364,458
Creditors: Amounts Falling Due After More Than One Year 7 (175,269 ) (312,264 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (125,011 ) (161,067 )
NET ASSETS 7,483,623 5,891,127
CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 12 3,399,850 3,077,541
Profit and Loss Account 4,083,772 2,813,585
SHAREHOLDERS' FUNDS 7,483,623 5,891,127
Page 2
Page 3
For the year ending 31 December 2023 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nathan Winch
Director
18/04/2024
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Dedicated Transport Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04534213 . The registered office is Dts International Freight Terminal, Nelson Park West, Cramlington, Northumberland, NE23 1WG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 
2.2. Going Concern Disclosure
The director notes the appointment of a receiver over part of the property owned by the company in relation to a secured loan of the parent company. The current circumstances and ongoing trade of the company have been reviewed by the director and he believes the company has sufficient reserves and cashflow to continue to trade for at least a period of twelve months from the balance sheet date. The director does not consider that the receivership poses any material uncertainty to the ongoing trade of the business and so the accounts have been prepared on a going concern basis. 
2.3. Significant judgements and estimations
The signifcant judgements and estimates within these accounts relate to the valuation of investment properties. The director considers that the carrying value within the accounts is a reasonable representation of market value. The accounting policy in relation to this is detailed below. 
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover relates to the provision of transport, freight and distribution services and rental of warehousing space. Transport, freight and distribution is recognised when the goods are delivered to the destination. Warehouse rental is recognised in line with the enjoyment of the rental space by the customer. 
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets, with the exception of freehold property, are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
Motor Vehicles 15-25% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.6. Investment Properties
All investment properties are carried at fair value determined by the directors based on their knowledge and experience of marketing the property during the year. Depreciation was charged historically as this had previously been accounted for under the historical cost convemntion. Changes in fair value are recognised in the profit and loss account.
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.8. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2022: 15)
17 15
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2023 7,112,835 354,479 650,754 19,313 8,137,381
Additions 127,691 1,370 4,800 1,509 135,370
Disposals - (40,360 ) (11,989 ) (1,605 ) (53,954 )
Revaluation 322,309 - - - 322,309
As at 31 December 2023 7,562,835 315,489 643,565 19,217 8,541,106
Depreciation
As at 1 January 2023 562,835 147,645 218,270 14,362 943,112
Provided during the period - 43,757 80,368 903 125,028
Disposals - (16,454 ) (9,835 ) (789 ) (27,078 )
As at 31 December 2023 562,835 174,948 288,803 14,476 1,041,062
...CONTINUED
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Page 6
Net Book Value
As at 31 December 2023 7,000,000 140,541 354,762 4,741 7,500,044
As at 1 January 2023 6,550,000 206,834 432,484 4,951 7,194,269
The investment property is accounted for using the valuation method. The valuation was based on the directors knowledge and experience using a proffesional valuation obtained historically and adjusting for current market conditions, circumstances and changes in tenancy.The directors consider this to be the fair value of the property as at 31st December 2023.
A small portion of the premises are used by the company in relation to its trade but this is minimal compared to the size of the site and so no adjustment has been made to reflect this use. 
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties
£
Cost 4,162,985
Accumulated depreciation and impairment 637,916
Carrying amount 3,525,069
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 320,947 244,130
Prepayments and accrued income 187,585 101,977
Amounts owed by group undertakings 878,878 913,075
1,387,410 1,259,182
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 131,970 145,074
Trade creditors 324,418 134,863
Bank loans and overdrafts 9,500 190,213
Corporation tax 50,061 44,799
Other taxes and social security 9,719 17,464
VAT 121,726 170,918
Other creditors 230,272 191,678
Accruals and deferred income 29,303 14,103
Amounts owed to group undertakings 200,753 -
Amounts owed to parent undertaking - 1,254,001
1,107,722 2,163,113
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7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 159,818 286,923
Bank loans 15,451 25,341
175,269 312,264
8. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 291,788 431,997
Other Creditors 227,362 180,713
9. Obligations Under Finance Leases and Hire Purchase
31 December 2023 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 131,970 145,074
Later than one year and not later than five years 159,818 286,923
291,788 431,997
291,788 431,997
10. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
11. Other Commitments
TFG Capital holds a fixed and floating charge over the assets of the comapny in relation to a loan faciity of the parent company, Buys Direct Limited. The amount outstanding under this facility as at 31 December 2023 was £6,966,317 (2022: £5,300,000). 
12. Reserves
Revaluation Reserve
£
As at 1 January 2023 3,077,541
Surplus on revaluation 322,309
As at 31 December 2023 3,399,850
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13. Related Party Transactions
A total balance of £878,878 (2022: £913,074) is owed from entites which are under the same control as this entity. 
A total balance of £200,753.20 (2022: £1,254,001) is owed to entites under the same control as this entity. 
These loans are all interest free and have no set paymemt terms. 
Management fees of £257, 644 (2022: £107,000) were paid to an entity under the same control as this entity. 
A debt of £837,684 was forgiven in the year by the parent company (2022: Nil). 
Group relief was surrendered from an entity which controls this entity which reduced this entities tax charge by £205,840 (2022: £75,601.27). 
14. Exceptional Items
The exceptional item within the accounts relates to a debt forgiven by the parent company of £837,684. 
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