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Registration number: SC655089

Dyno Marketing Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Dyno Marketing Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Dyno Marketing Ltd

Company Information

Director

D Hicks

Registered office

30 Westfarm Court
Cambuslang
Glasgow
G72 7TU

 

Dyno Marketing Ltd

(Registration number: SC655089)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

538

717

Current assets

 

Debtors

5

19,524

27,613

Cash at bank and in hand

 

2,154

4,995

 

21,678

32,608

Creditors: Amounts falling due within one year

6

(7,078)

(8,038)

Net current assets

 

14,600

24,570

Total assets less current liabilities

 

15,138

25,287

Creditors: Amounts falling due after more than one year

6

(1,576)

(2,164)

Provisions for liabilities

(102)

(136)

Net assets

 

13,460

22,987

Capital and reserves

 

Called up share capital

100

100

Retained earnings

13,360

22,887

Shareholders' funds

 

13,460

22,987

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2023
 

.........................................
D Hicks
Director

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital incorporated in Scotland and the company registration number is SC655089.

The address of its registered office is:
30 Westfarm Court
Cambuslang
Glasgow
G72 7TU
Scotland

These financial statements were authorised for issue by the director on 15 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of marketing services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 1).

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

897

897

At 28 February 2023

897

897

Depreciation

At 1 March 2022

180

180

Charge for the year

179

179

At 28 February 2023

359

359

Carrying amount

At 28 February 2023

538

538

At 28 February 2022

717

717

5

Debtors

2023
£

2022
£

Other debtors

19,524

27,613

Total current trade and other debtors

19,524

27,613

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

644

683

Taxation and social security

 

4,505

5,654

Accruals and deferred income

 

1,929

1,701

 

7,078

8,038

Due after one year

 

Loans and borrowings

7

1,576

2,164

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7

Loans and borrowings

2023
£

2022
£

Current unsecured loans and borrowings

Bank borrowings

644

683

2023
£

2022
£

Non-current unsecured loans and borrowings

Bank borrowings

1,576

2,164

The bank borrowings include an unsecured bounce back loan and a secured loan, held over the assets of the Company.

8

Related party transactions

Transactions with the Director

2023

At 1 March 2022
£

Advances to Director
£

Repayments by Director
£

At 28 February 2023
£

D Hicks

Unsecured, interest free loan, repayable on demand

27,613

31,383

(39,472)

19,524

         
       

 

Other transactions with the Director

At the year end, the amount owed by the Director was £19,524 (2022: £27,613). The amount is unsecured, interest-free and repayable on demand.