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REGISTERED NUMBER: SC342420 (Scotland)















Dynamic Abseiling Services Limited

Financial Statements For The Year Ended 31 May 2023






Dynamic Abseiling Services Limited (Registered number: SC342420)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Dynamic Abseiling Services Limited

Company Information
For The Year Ended 31 May 2023







DIRECTOR: A Campbell





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC342420 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Dynamic Abseiling Services Limited (Registered number: SC342420)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,960 18,176
Investments 5 18,917 5,625
50,877 23,801

CURRENT ASSETS
Debtors 6 125,746 101,626
Cash at bank 318,461 279,592
444,207 381,218
CREDITORS
Amounts falling due within one year 7 59,873 50,354
NET CURRENT ASSETS 384,334 330,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,211

354,665

PROVISIONS FOR LIABILITIES 8 6,311 3,453
NET ASSETS 428,900 351,212

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 428,800 351,112
SHAREHOLDERS' FUNDS 428,900 351,212

Dynamic Abseiling Services Limited (Registered number: SC342420)

Balance Sheet - continued
31 May 2023


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

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

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 17 November 2023 and were signed by:





A Campbell - Director


Dynamic Abseiling Services Limited (Registered number: SC342420)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Dynamic Abseiling Services Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Dynamic Abseiling Services Limited (Registered number: SC342420)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 June 2022 66,120
Additions 27,618
Disposals (18,505 )
At 31 May 2023 75,233
DEPRECIATION
At 1 June 2022 47,944
Charge for year 10,062
Eliminated on disposal (14,733 )
At 31 May 2023 43,273
NET BOOK VALUE
At 31 May 2023 31,960
At 31 May 2022 18,176

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.5.23 31.5.22
£    £   
Artwork 5,625 -
Artwork 13,292 5,625
18,917 5,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 112,207 79,616
Other debtors 13,539 22,010
125,746 101,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 5,443 6,992
Taxation and social security 47,522 31,225
Other creditors 6,908 12,137
59,873 50,354

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 6,311 3,453

Dynamic Abseiling Services Limited (Registered number: SC342420)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 3,453
Provided during year 2,858
Balance at 31 May 2023 6,311

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2022 351,112
Profit for the year 107,688
Dividends (30,000 )
At 31 May 2023 428,800

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2022 - £20,000) were paid to the director .

Included in other creditors is a interest free directors loan of £1,497 (2022 - £1321) due to Mr A Campbell. There are no repayment terms.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Campbell.

The ultimate controlling party is A Campbell.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Dynamic Abseiling Services Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dynamic Abseiling Services Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Dynamic Abseiling Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dynamic Abseiling Services Limited and state those matters that we have agreed to state to the director of Dynamic Abseiling Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dynamic Abseiling Services Limited and its director for our work or for this report.

It is your duty to ensure that Dynamic Abseiling Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dynamic Abseiling Services Limited. You consider that Dynamic Abseiling Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dynamic Abseiling Services 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 statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


17 November 2023