Registered number
08903378
Dynamic Motors (UK) Ltd
Filleted Accounts
28 February 2023
Apex Associates LLP
Accountants and Tax Consultants
Apex Chambers
58a Ilford Lane
Ilford
Essex
IG1 2JY
Dynamic Motors (UK) Ltd
Registered number: 08903378
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Stocks 9,805 10,701
Cash at bank and in hand 6,613 6,392
16,418 17,093
Creditors: amounts falling due within one year 3 (3,024) (2,464)
Net current assets 13,394 14,629
Total assets less current liabilities 13,394 14,629
Creditors: amounts falling due after more than one year 4 (7,385) (7,908)
Net assets 6,009 6,721
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,008 6,720
Shareholder's funds 6,009 6,721
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nabeel Malik
Director
Approved by the board on 29 November 2023
Dynamic Motors (UK) Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 840 888
Trade creditors 1,385 -
Taxation and social security costs 800 1,576
Other creditors (1) -
3,024 2,464
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,385 7,908
5 Other information
Dynamic Motors (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
177B Francis Road
Leyton
E10 6NQ
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