DYNAMO MOTOR COMPANY LIMITED

Company Registration Number:
11668447 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

DYNAMO MOTOR COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

DYNAMO MOTOR COMPANY LIMITED

Company Information

for the Period Ended 31 December 2021




Registered office: 56
Bayton Road, Bayton Road Industrial Estate
Exhall
Coventry
GBR
CV7 9EL
Company Registration Number: 11668447 (England and Wales)

DYNAMO MOTOR COMPANY LIMITED

Balance sheet

As at 31 December 2021


Notes

2021
£

2020
£
Fixed assets
Intangible assets: 4 0 1,074,402
Tangible assets: 5 330,819 424,970
Total fixed assets: 330,819 1,499,372
Current assets
Stocks: 261,385 246,604
Debtors: 9,541 126,668
Cash at bank and in hand: 69,044 158,292
Total current assets: 339,970 531,564
Prepayments and accrued income: 50,944 56,755
Creditors: amounts falling due within one year: ( 861,934 ) ( 975,016 )
Net current assets (liabilities): ( 471,020 ) ( 386,697 )
Total assets less current liabilities: ( 140,201 ) 1,112,675
Creditors: amounts falling due after more than one year: ( 1,362,037 ) ( 1,244,213 )
Provision for liabilities: ( 62,031 ) ( 98,500 )
Accruals and deferred income: ( 349,617 ) ( 258,642 )
Total net assets (liabilities): ( 1,913,886 ) ( 488,680 )

The notes form part of these financial statements

DYNAMO MOTOR COMPANY LIMITED

Balance sheet continued

As at 31 December 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 6 0 905,108
Profit and loss account: ( 1,913,887 ) ( 1,393,789 )
Shareholders funds: ( 1,913,886 ) ( 488,680 )

For the year ending 31 December 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 September 2022
And Signed On Behalf Of The Board By:

Name: Brendan O'Toole
Status: Director

The notes form part of these financial statements

DYNAMO MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DYNAMO MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 13 15

DYNAMO MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 3. Off balance sheet disclosure

    No

DYNAMO MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 4. Intangible assets

    Total
    Cost £
    At 01 January 2021 1,129,168
    Additions -
    Disposals (1,129,168)
    Revaluations -
    Transfers -
    At 31 December 2021 0
    Amortisation
    Amortisation at 01 January 2021 54,766
    Charge for year 55,894
    On disposals (110,660)
    Other adjustments -
    Amortisation at 31 December 2021 0
    Net book value
    Net book value at 31 December 2021 0
    Net book value at 31 December 2020 1,074,402

DYNAMO MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Tangible Assets

Total
Cost £
At 01 January 2021 689,774
Additions 71,061
Disposals -
Revaluations -
Transfers -
At 31 December 2021 760,835
Depreciation
At 01 January 2021 264,804
Charge for year 165,212
On disposals -
Other adjustments -
At 31 December 2021 430,016
Net book value
At 31 December 2021 330,819
At 31 December 2020 424,970

DYNAMO MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Revaluation reserve


2021
£
Balance at 01 January 2021 905,108
Surplus or deficit after revaluation ( 905,108 )
Balance at 31 December 2021 0