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REGISTERED NUMBER: SC517270 (Scotland)















Financial Statements for the Year Ended 31 August 2021

for

Dynamix Health and Fitness Ltd

Dynamix Health and Fitness Ltd (Registered number: SC517270)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

Dynamix Health and Fitness Ltd

Company Information
for the Year Ended 31 August 2021







DIRECTOR: M Cargill





REGISTERED OFFICE: Unit 20 Brechin Industrial Estate
Montrose Road
Brechin
Angus
DD9 7RU





REGISTERED NUMBER: SC517270 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Dynamix Health and Fitness Ltd (Registered number: SC517270)

Balance Sheet
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 -
Tangible assets 5 12,163 16,134
16,163 16,134

CURRENT ASSETS
Cash at bank 15,023 8,275

CREDITORS
Amounts falling due within one year 6 17,781 5,533
NET CURRENT (LIABILITIES)/ASSETS (2,758 ) 2,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,405

18,876

CREDITORS
Amounts falling due after more than one
year

7

15,181

27,477
NET LIABILITIES (1,776 ) (8,601 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,778 ) (8,603 )
SHAREHOLDERS' FUNDS (1,776 ) (8,601 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

Dynamix Health and Fitness Ltd (Registered number: SC517270)

Balance Sheet - continued
31 August 2021


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 23 August 2022 and were signed by:





M Cargill - Director


Dynamix Health and Fitness Ltd (Registered number: SC517270)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Dynamix Health and Fitness Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 2 ) .

Dynamix Health and Fitness Ltd (Registered number: SC517270)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 4,000
At 31 August 2021 4,000
NET BOOK VALUE
At 31 August 2021 4,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2020 34,818 1,523 3,540 39,881
Additions 8,000 - - 8,000
At 31 August 2021 42,818 1,523 3,540 47,881
DEPRECIATION
At 1 September 2020 22,260 442 1,045 23,747
Charge for year 10,705 381 885 11,971
At 31 August 2021 32,965 823 1,930 35,718
NET BOOK VALUE
At 31 August 2021 9,853 700 1,610 12,163
At 31 August 2020 12,558 1,081 2,495 16,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 1,886
Taxation and social security 1,391 (25 )
Other creditors 16,390 3,672
17,781 5,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 15,181 27,477

Dynamix Health and Fitness Ltd (Registered number: SC517270)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

8. RELATED PARTY DISCLOSURES

The company was under the control of M Cargill following the resignation of AD Humphries and SA Humphries.

During the year, the company repaid the previous directors net amounts totalling £2,947 (2020 - £1,309). As at 31 August 2021, included within Other Creditors is a balance of £1,000 which represents funds loaned to the company by Mark Cargill. No interest is payable on funds advanced to the company.

Dynamix Health and Fitness Ltd

Report of the Accountant to the Director of
Dynamix Health and Fitness Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


23 August 2022