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REGISTERED NUMBER: 03569208 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

DYNOSPEED AGENCIES LTD

DYNOSPEED AGENCIES LTD (REGISTERED NUMBER: 03569208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DYNOSPEED AGENCIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs J Lyons
Mr J R Lyons





SECRETARY: Mr J R Lyons





REGISTERED OFFICE: 23 Yarm Road
Stockton on Tees
TS18 3NJ





REGISTERED NUMBER: 03569208 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

DYNOSPEED AGENCIES LTD (REGISTERED NUMBER: 03569208)

ABRIDGED BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 819,604 819,604

CURRENT ASSETS
Debtors 920 395
Cash at bank 21,182 20,837
22,102 21,232
CREDITORS
Amounts falling due within one year 5,889 14,228
NET CURRENT ASSETS 16,213 7,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,817

826,608

CREDITORS
Amounts falling due after more than one
year

(425,397

)

(423,994

)

PROVISIONS FOR LIABILITIES (31,579 ) (31,579 )
NET ASSETS 378,841 371,035

CAPITAL AND RESERVES
Called up share capital 140 140
Other reserve 5 134,621 134,621
Retained earnings 244,080 236,274
SHAREHOLDERS' FUNDS 378,841 371,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DYNOSPEED AGENCIES LTD (REGISTERED NUMBER: 03569208)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 April 2024 and were signed on its behalf by:





Mr J R Lyons - Director


DYNOSPEED AGENCIES LTD (REGISTERED NUMBER: 03569208)

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

1. STATUTORY INFORMATION

Dynospeed Agencies 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
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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 819,604
NET BOOK VALUE
At 31 July 2023 819,604
At 31 July 2022 819,604

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 166,200
Cost 653,404
819,604

5. RESERVES
Other
reserve
£   
At 1 August 2022
and 31 July 2023 134,621

6. RELATED PARTY DISCLOSURES

The company received rent of £15,000 (2022 £15,000) from Lyons & Co Ltd, of which Mr J R Lyons is a director. The company paid 3% interest on the loan from Lyons & Co Ltd.

DYNOSPEED AGENCIES LTD (REGISTERED NUMBER: 03569208)

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

7. ULTIMATE CONTROLLING PARTY

There is no controlling party.