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REGISTERED NUMBER: 05292055 (England and Wales)












Financial Statements

for the Year Ended 31 March 2023

for

DYNAMIC MANUFACTURING SOLUTIONS LIMITED

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)






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


DYNAMIC MANUFACTURING SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: K A J Evans
Mrs K A Evans





SECRETARY: Mrs K A Evans





REGISTERED OFFICE: 25 Barnes Wallis Road
Segensworth East
Fareham
Hampshire
PO15 5TT





REGISTERED NUMBER: 05292055 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,914 21,203

CURRENT ASSETS
Stocks 40,000 -
Debtors 5 156,075 63,071
Cash at bank 28,489 59,174
224,564 122,245
CREDITORS
Amounts falling due within one year 6 202,600 18,607
NET CURRENT ASSETS 21,964 103,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,878

124,841

CREDITORS
Amounts falling due after more than one year 7 32,389 42,095
NET ASSETS 11,489 82,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,389 82,646
SHAREHOLDERS' FUNDS 11,489 82,746

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 directors acknowledge their 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.

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





K A J Evans - Director


DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

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

1. STATUTORY INFORMATION

Dynamic Manufacturing Solutions Limited 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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 50,727
Additions 916
At 31 March 2023 51,643
DEPRECIATION
At 1 April 2022 29,524
Charge for year 205
At 31 March 2023 29,729
NET BOOK VALUE
At 31 March 2023 21,914
At 31 March 2022 21,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150,342 58,663
Other debtors 5,733 4,408
156,075 63,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 176,113 12,125
Taxation and social security 8,381 4,256
Other creditors 18,106 2,226
202,600 18,607

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,389 42,095