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REGISTERED NUMBER: 07075361 (England and Wales)
















Dynamics Direct Live Ltd

Unaudited Financial Statements

for the Year Ended

31 March 2023






Dynamics Direct Live Ltd (Registered number: 07075361)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dynamics Direct Live Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N C Hart





REGISTERED OFFICE: 5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL





REGISTERED NUMBER: 07075361 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Dynamics Direct Live Ltd (Registered number: 07075361)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,727 25,989

CURRENT ASSETS
Stocks 1,834 910
Debtors 5 823 12,376
Cash at bank 27,038 26,247
29,695 39,533
CREDITORS
Amounts falling due within one year 6 24,288 24,865
NET CURRENT ASSETS 5,407 14,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,134

40,657

CREDITORS
Amounts falling due after more than one
year

7

(21,803

)

(24,941

)

PROVISIONS FOR LIABILITIES (4,128 ) (4,743 )
NET ASSETS 1,203 10,973

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,202 10,972
SHAREHOLDERS' FUNDS 1,203 10,973

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

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

Dynamics Direct Live Ltd (Registered number: 07075361)

Balance Sheet - continued
31 March 2023


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 20 November 2023 and were signed by:





N C Hart - Director


Dynamics Direct Live Ltd (Registered number: 07075361)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dynamics Direct Live Ltd is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 15% on reducing balance and at variable rates on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - at variable rates on reducing balance

Where assets are disposed of after the year end at greater than the net book value of those specific assets, further depreciation has not then been charged. Similarly, where assets have been disposed of after the year end and realised a reduction in value, these deficits have been provided in full.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Dynamics Direct Live Ltd (Registered number: 07075361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 28,399 15,000 4,227 47,626
Additions 560 407 700 1,667
At 31 March 2023 28,959 15,407 4,927 49,293
DEPRECIATION
At 1 April 2022 17,280 2,500 1,857 21,637
Charge for year 1,740 3,218 971 5,929
At 31 March 2023 19,020 5,718 2,828 27,566
NET BOOK VALUE
At 31 March 2023 9,939 9,689 2,099 21,727
At 31 March 2022 11,119 12,500 2,370 25,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 11,942
Other debtors 378 -
Prepayments 445 434
823 12,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,137 3,061
Tax 1,725 -
VAT 348 1,922
Company credit card 141 334
Directors' current accounts 14,957 15,540
Accrued expenses 3,980 4,008
24,288 24,865

Dynamics Direct Live Ltd (Registered number: 07075361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 3,217 3,137
Bank loans - 2-5 years 10,148 9,899
Bank loans more 5 yr by instal 8,438 11,905
21,803 24,941

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,438 11,905

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2022 10,972
Profit for the year 5,230
Dividends (15,000 )
At 31 March 2023 1,202

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year dividends totalling £15,000 (2022 £4,000) were paid to the director.

The director has financed operations from his own resources making loans to the company. The sum owed to the director within other creditors as at 31 March 2023 was £14,957 (2022 £15,540).

11. ULTIMATE CONTROLLING PARTY

The director, N C Hart, is the ultimate controlling party of the company.