IRIS Accounts Production v23.3.1.45 SC353045 Board of Directors 1.4.22 31.3.23 31.3.23 1.2.24 false true false false false true false Auditors Opinion A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3530452022-03-31SC3530452023-03-31SC3530452022-04-012023-03-31SC3530452021-03-31SC3530452021-04-012022-03-31SC3530452022-03-31SC353045ns16:Scotland2022-04-012023-03-31SC353045ns15:PoundSterling2022-04-012023-03-31SC353045ns11:Director12022-04-012023-03-31SC353045ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC353045ns11:SmallEntities2022-04-012023-03-31SC353045ns11:Audited2022-04-012023-03-31SC353045ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC353045ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC353045ns11:FullAccounts2022-04-012023-03-31SC35304512022-04-012023-03-31SC353045ns11:OrdinaryShareClass12022-04-012023-03-31SC353045ns11:Director22022-04-012023-03-31SC353045ns11:Director62022-04-012023-03-31SC353045ns11:RegisteredOffice2022-04-012023-03-31SC353045ns6:CurrentFinancialInstruments2023-03-31SC353045ns6:CurrentFinancialInstruments2022-03-31SC353045ns6:ShareCapital2023-03-31SC353045ns6:ShareCapital2022-03-31SC353045ns6:RetainedEarningsAccumulatedLosses2023-03-31SC353045ns6:RetainedEarningsAccumulatedLosses2022-03-31SC353045ns6:NetGoodwill2022-04-012023-03-31SC353045ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC353045ns6:ComputerSoftware2022-04-012023-03-31SC353045ns6:FurnitureFittings2022-04-012023-03-31SC353045ns6:MotorVehicles2022-04-012023-03-31SC353045ns6:ComputerEquipment2022-04-012023-03-31SC353045ns6:NetGoodwill2022-03-31SC353045ns6:IntangibleAssetsOtherThanGoodwill2022-03-31SC353045ns6:NetGoodwill2023-03-31SC353045ns6:IntangibleAssetsOtherThanGoodwill2023-03-31SC353045ns6:NetGoodwill2022-03-31SC353045ns6:IntangibleAssetsOtherThanGoodwill2022-03-31SC353045ns6:FurnitureFittings2022-03-31SC353045ns6:MotorVehicles2022-03-31SC353045ns6:ComputerEquipment2022-03-31SC353045ns6:FurnitureFittings2023-03-31SC353045ns6:MotorVehicles2023-03-31SC353045ns6:ComputerEquipment2023-03-31SC353045ns6:FurnitureFittings2022-03-31SC353045ns6:MotorVehicles2022-03-31SC353045ns6:ComputerEquipment2022-03-31SC353045ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC353045ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC353045ns6:WithinOneYear2023-03-31SC353045ns6:WithinOneYear2022-03-31SC353045ns6:BetweenOneFiveYears2023-03-31SC353045ns6:BetweenOneFiveYears2022-03-31SC353045ns6:AllPeriods2023-03-31SC353045ns6:AllPeriods2022-03-31SC353045ns11:OrdinaryShareClass12023-03-31SC3530452ns11:Director22022-03-31SC3530452ns11:Director22021-03-31SC3530452ns11:Director22022-04-012023-03-31SC3530452ns11:Director22021-04-012022-03-31SC3530452ns11:Director22023-03-31SC3530452ns11:Director22022-03-31SC35304512022-04-012023-03-31
REGISTERED NUMBER: SC353045 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DYNAMIC EDGE SOLUTIONS
LIMITED

DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DYNAMIC EDGE SOLUTIONS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mr S Winterburn
Mr O J Gee
Mr M W Bateman





REGISTERED OFFICE: Cirrus Building
6 International Avenue
Abz Business Park
Dyce
ABERDEEN
AB21 0BH





REGISTERED NUMBER: SC353045 (Scotland)





INDEPENDENT AUDITORS: Anderson Anderson & Brown Audit LLP
Prime Four Business Park
Kingswells
Aberdeen
AB15 8PU

DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,750 2,613
Tangible assets 6 39,822 53,791
41,572 56,404

CURRENT ASSETS
Stocks - 11,881
Debtors 7 3,339,219 560,329
Cash at bank 28,913 757,179
3,368,132 1,329,389
CREDITORS
Amounts falling due within one year 8 3,045,437 879,654
NET CURRENT ASSETS 322,695 449,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,267

506,139

PROVISIONS FOR LIABILITIES 7,566 10,717
NET ASSETS 356,701 495,422

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 346,701 485,422
SHAREHOLDERS' FUNDS 356,701 495,422

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 Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





Mr O J Gee - Director


DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dynamic Edge Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans, are recognised at transaction price.


DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months, following the date of approval of these financial statements. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 44 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 145,000 4,250 149,250
AMORTISATION
At 1 April 2022 145,000 1,637 146,637
Charge for year - 863 863
At 31 March 2023 145,000 2,500 147,500
NET BOOK VALUE
At 31 March 2023 - 1,750 1,750
At 31 March 2022 - 2,613 2,613

DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 88,376 383 200,390 289,149
Additions - - 1,502 1,502
At 31 March 2023 88,376 383 201,892 290,651
DEPRECIATION
At 1 April 2022 67,203 80 168,075 235,358
Charge for year 4,235 76 11,160 15,471
At 31 March 2023 71,438 156 179,235 250,829
NET BOOK VALUE
At 31 March 2023 16,938 227 22,657 39,822
At 31 March 2022 21,173 303 32,315 53,791

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 324,663
Amounts owed by group undertakings 3,074,306 140,142
Other debtors 264,913 95,524
3,339,219 560,329

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 56,399 319,100
Amounts owed to group undertakings 2,963,070 37,166
Taxation and social security 1,733 249,795
Other creditors 24,235 273,593
3,045,437 879,654

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 62,333 68,500
Between one and five years 57,750 120,083
120,083 188,583

DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

10. SECURED DEBTS

There are floating charges against the company at the year end date issued by Triple Point Advancr Leasing PLC. These were satisfied in full on 27 September 2023.

On 20 December 2023, a floating charge against the company was issued by GLAS Trust Corporation Limited.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 A Ordinary £1 10,000 10,000

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graeme Penman (Senior Statutory Auditor)
for and on behalf of Anderson Anderson & Brown Audit LLP


Anderson Anderson & Brown Audit LLP

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr R J Hamilton
Balance outstanding at start of year (356 ) (356 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (356 ) (356 )

Mr S Winterburn
Balance outstanding at start of year 6,041 6,041
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,041 6,041

These amounts bear no interest and have no fixed repayment terms.

14. RELATED PARTY DISCLOSURES

The company has taken advantage of the available exemption from disclosing transactions with wholly owned group companies.

15. POST BALANCE SHEET EVENTS

In September 2023, a majority stake in Treglown Topco Limited was acquired by the private equity arm of Macquarie Group. Macquarie Group are a global financial services group with a significant experience acquiring and supporting the growth of businesses in a variety of industries. In addition, Redini Bidco Limited raised debt finance from Apera, a leading provider of debt to European midmarket companies. This will allow the Group to continue to invest in growth and acquire complementary and like-minded businesses.

DYNAMIC EDGE SOLUTIONS
LIMITED (REGISTERED NUMBER: SC353045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

16. ULTIMATE CONTROLLING PARTY

The immediate parent company is Dynamic Edge Group Limited, a company registered in the United Kingdom, which owns 100% of the issued share capital.

The smallest Group these financial statements are consolidated into are Treglown Topco Limited, a company registered in the United Kingdom.
The consolidated financial statements of Treglown Topco Limited are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party at 31st March 2023 is FHI LP, a limited partnership registered in Guernsey.

As per note 15 of these financial statements, the Treglown Topco Limited group was acquired by Macquarie Group in September 2023, as a result, the ultimate controlling party at the date of our directors' report is Macquarie Group Limited, a company incorporated in Australia.