Print Dynamic Ltd
Registered number: 06953632
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 12,000 -
Tangible assets 4 66,910 2,410
Investments 5 122,150 99,500
201,060 101,910
Current assets
Stocks 10,000 51,000
Debtors 6 282,261 313,012
Cash at bank and in hand 212,473 240,118
504,734 604,130
Creditors: amounts falling due within one year 7 (197,771) (239,006)
Net current assets 306,963 365,124
Total assets less current liabilities 508,023 467,034
Creditors: amounts falling due after more than one year 8 (183) (1,909)
Net assets 507,840 465,125
Capital and reserves
Called up share capital 100 100
Profit and loss account 507,740 465,025
Shareholders' funds 507,840 465,125
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 P Braham
Director
Approved by the board on 13 March 2024
Print Dynamic Ltd
Notes to the Accounts
for the year ended 31 July 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.
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,000
At 31 July 2023 12,000
Amortisation
At 31 July 2023 -
Net book value
At 31 July 2023 12,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 24,850 - 24,850
Additions - 86,000 86,000
At 31 July 2023 24,850 86,000 110,850
Depreciation
At 1 August 2022 22,440 - 22,440
Charge for the year - 21,500 21,500
At 31 July 2023 22,440 21,500 43,940
Net book value
At 31 July 2023 2,410 64,500 66,910
At 31 July 2022 2,410 - 2,410
5 Investments
Other
investments
£
Cost
At 1 August 2022 99,500
Additions 22,650
At 31 July 2023 122,150
6 Debtors 2023 2022
£ £
Trade debtors 202,211 232,962
Other debtors 80,050 80,050
282,261 313,012
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 143,375 180,064
Corporation tax 35,218 45,382
Other taxes and social security costs 19,178 13,560
197,771 239,006
8 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 183 1,909
9 Related party transactions
A total of £143863.56 of Sales Invoices and £9847.40 of Purchases invoices were made during the period to/from Graphichem Ltd. Paul Braham is also a Director of Graphichem Ltd.
10 Controlling party
The ultimate controlling party during the year was Mr P Braham.
11 Other information
Print Dynamic Ltd is a private company limited by shares and incorporated in England. Its registered office is:
All Saints Meadow
Swindon Lane
Kirkby Overblow
North Yorkshire
HG3 1HH
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