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REGISTERED NUMBER: 07586177 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Dynamic Asset Recovery Ltd

Dynamic Asset Recovery Ltd (Registered number: 07586177)






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 Asset Recovery Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B M Pople





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 07586177 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Dynamic Asset Recovery Ltd (Registered number: 07586177)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,793 5,247

CURRENT ASSETS
Stocks 1,350 5,680
Debtors 5 17,775 27,561
Cash at bank 187,550 298,341
206,675 331,582
CREDITORS
Amounts falling due within one year 6 26,914 70,237
NET CURRENT ASSETS 179,761 261,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,554

266,592

PROVISIONS FOR LIABILITIES 2,241 997
NET ASSETS 189,313 265,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 189,213 265,495
SHAREHOLDERS' FUNDS 189,313 265,595

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.

Dynamic Asset Recovery Ltd (Registered number: 07586177)

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 23 November 2023 and were signed by:





B M Pople - Director


Dynamic Asset Recovery Ltd (Registered number: 07586177)

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

1. STATUTORY INFORMATION

Dynamic Asset Recovery 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
The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Dynamic Asset Recovery Ltd (Registered number: 07586177)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 - 27,027 27,027
Additions 4,183 4,337 8,520
At 31 March 2023 4,183 31,364 35,547
DEPRECIATION
At 1 April 2022 - 21,780 21,780
Charge for year 135 1,839 1,974
At 31 March 2023 135 23,619 23,754
NET BOOK VALUE
At 31 March 2023 4,048 7,745 11,793
At 31 March 2022 - 5,247 5,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 444 1,447
Other debtors 17,331 26,114
17,775 27,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,352 2,752
Taxation and social security 4,736 58,101
Other creditors 15,826 9,384
26,914 70,237

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 27,853 -
Between one and five years 106,770 -
134,623 -

Dynamic Asset Recovery Ltd (Registered number: 07586177)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023 an amount of £866 (2022 £23,008) was owed to the company by the director.

The amounts were made interest free with no set repayment terms.