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REGISTERED NUMBER: 11880643 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023

FOR

DYNAMO ONE LTD

DYNAMO ONE LTD (REGISTERED NUMBER: 11880643)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNAMO ONE LTD

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTOR: G J Redmayne





REGISTERED OFFICE: First Floor, Rear Of 60
Bridge Road East
Welwyn Garden City
England
AL7 1JU





REGISTERED NUMBER: 11880643 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

DYNAMO ONE LTD (REGISTERED NUMBER: 11880643)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,959 5,318
Tangible assets 5 235 350
2,194 5,668

CURRENT ASSETS
Debtors 6 20,907 25,114
Cash at bank 6,362 4,624
27,269 29,738
CREDITORS
Amounts falling due within one year 7 96,047 52,704
NET CURRENT LIABILITIES (68,778 ) (22,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,584

)

(17,298

)

CREDITORS
Amounts falling due after more than one
year

8

19,028

71,834
NET LIABILITIES (85,612 ) (89,132 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (85,613 ) (89,133 )
(85,612 ) (89,132 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DYNAMO ONE LTD (REGISTERED NUMBER: 11880643)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2024 and were signed by:





G J Redmayne - Director


DYNAMO ONE LTD (REGISTERED NUMBER: 11880643)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Dynamo One 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.

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


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.

The director has assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

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

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.

Franchise fee are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% straight line basis

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.

DYNAMO ONE LTD (REGISTERED NUMBER: 11880643)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 16,794
AMORTISATION
At 1 September 2022 11,476
Charge for year 3,359
At 31 August 2023 14,835
NET BOOK VALUE
At 31 August 2023 1,959
At 31 August 2022 5,318

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 1,756
Additions 161
At 31 August 2023 1,917
DEPRECIATION
At 1 September 2022 1,406
Charge for year 276
At 31 August 2023 1,682
NET BOOK VALUE
At 31 August 2023 235
At 31 August 2022 350

DYNAMO ONE LTD (REGISTERED NUMBER: 11880643)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,250
Other debtors 20,907 23,864
20,907 25,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,754 17,263
Taxation and social security 27,049 17,920
Other creditors 51,244 17,521
96,047 52,704

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,028 36,834
Other creditors - 35,000
19,028 71,834

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 10,712 21,159

The loans included within other creditors are secured by way of the following:

A fixed and floating charge over all of the property or undertaking of the company. This charge includes a negative pledge, dated 18th June 2019.

10. GOING CONCERN

The company and the directors are committed to finding a viable solution to support the company's trading in the future, and on that basis the company is considered a going concern.