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REGISTERED NUMBER: 03183162 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DYNAMIC DRAWINGS LIMITED

DYNAMIC DRAWINGS LIMITED (REGISTERED NUMBER: 03183162)






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 DRAWINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs A H Whitehead





SECRETARY: Ms S P Robertson





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham By Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 03183162 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

DYNAMIC DRAWINGS LIMITED (REGISTERED NUMBER: 03183162)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 156,108 160,622

CURRENT ASSETS
Debtors 5 29,073 23,766
Cash at bank and in hand 5,927 5,085
35,000 28,851
CREDITORS
Amounts falling due within one year 6 (35,121 ) (36,574 )
NET CURRENT LIABILITIES (121 ) (7,723 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,987

152,899

CREDITORS
Amounts falling due after more than one
year

7

(40,946

)

(54,239

)

PROVISIONS FOR LIABILITIES 9 (6,451 ) (7,295 )
NET ASSETS 108,590 91,365

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,490 91,265
SHAREHOLDERS' FUNDS 108,590 91,365

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 her 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 DRAWINGS LIMITED (REGISTERED NUMBER: 03183162)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mrs A H Whitehead - Director


DYNAMIC DRAWINGS LIMITED (REGISTERED NUMBER: 03183162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Dynamic Drawings 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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 2 (2022 - 1 ) .

DYNAMIC DRAWINGS LIMITED (REGISTERED NUMBER: 03183162)

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
and 31 March 2023 200,000 49,560 249,560
DEPRECIATION
At 1 April 2022 40,000 48,938 88,938
Charge for year 4,000 514 4,514
At 31 March 2023 44,000 49,452 93,452
NET BOOK VALUE
At 31 March 2023 156,000 108 156,108
At 31 March 2022 160,000 622 160,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,309 23,400
Other debtors 764 366
29,073 23,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,902 16,902
Trade creditors 65 2,762
Taxation and social security 15,512 12,196
Other creditors 2,642 4,714
35,121 36,574

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 40,946 54,239

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 57,848 71,141

The bank loan is secured on the company's freehold property.

DYNAMIC DRAWINGS LIMITED (REGISTERED NUMBER: 03183162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,451 7,295

Deferred
tax
£   
Balance at 1 April 2022 7,295
Capital allowances in (84 )
advance of depreciation
Deferred tax on future (760 )
capital gain
Balance at 31 March 2023 6,451