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REGISTERED NUMBER: 04838108 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Dynamicads Limited

Dynamicads Limited (Registered number: 04838108)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dynamicads Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S A Ahmed
S Ahmed





SECRETARY: S Ahmed





REGISTERED OFFICE: 105 Parliament Road
Middlesbrough
Cleveland
TS1 4JE





REGISTERED NUMBER: 04838108 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Dynamicads Limited (Registered number: 04838108)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 3 12,735 22,817
Tangible assets 4 1,890 3,188
14,625 26,005

CURRENT ASSETS
Stocks 6,750 6,750
Debtors 5 9,784 20,381
Cash at bank 7,697 9,860
24,231 36,991
CREDITORS
Amounts falling due within one year 6 (37,725 ) (35,012 )
NET CURRENT (LIABILITIES)/ASSETS (13,494 ) 1,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,131

27,984

CREDITORS
Amounts falling due after more than one year 7 (25,655 ) (31,399 )
NET LIABILITIES (24,524 ) (3,415 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,624 ) (3,515 )
(24,524 ) (3,415 )

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.

Dynamicads Limited (Registered number: 04838108)

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.

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 31 July 2024 and were signed on its behalf by:





S A Ahmed - Director


Dynamicads Limited (Registered number: 04838108)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. 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.

INTANGIBLE ASSETS (CRYPTO ASSETS)
Crypto assets are held either at cost less impairment or revalued. Gains are recorded through Other Comprehensive Income (OCI) and a revaluation reserves and losses being taken straight to the profit and loss account unless there are previous gains recorded. In which case the losses are taken to OCI and the revaluation reserve to the extent that it exists from previous revaluation gains, with any remaining loss being taken to the profit and loss account.

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 - 25% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

2. EMPLOYEES AND DIRECTORS

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

Dynamicads Limited (Registered number: 04838108)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. INTANGIBLE FIXED ASSETS
Crypto
assets
£   
COST OR VALUATION
At 1 August 2022 22,817
Revaluations (10,082 )
At 31 July 2023 12,735
NET BOOK VALUE
At 31 July 2023 12,735
At 31 July 2022 22,817

Cost or valuation at 31 July 2023 is represented by:

Crypto
assets
£   
Valuation in 2021 (869 )
Valuation in 2022 (12,314 )
Valuation in 2023 (10,082 )
Cost 36,000
12,735

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 40,763 3,429 5,193 49,385
DEPRECIATION
At 1 August 2022 40,763 3,428 2,006 46,197
Charge for year - - 1,298 1,298
At 31 July 2023 40,763 3,428 3,304 47,495
NET BOOK VALUE
At 31 July 2023 - 1 1,889 1,890
At 31 July 2022 - 1 3,187 3,188

Dynamicads Limited (Registered number: 04838108)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,784 20,381

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,936 2,890
Other loans 4,375 4,375
Trade creditors 2,478 900
Social security and other tax 461 -
VAT 8,723 10,314
Directors' current accounts 16,557 15,533
Accrued expenses 2,195 1,000
37,725 35,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 2,998 2,963
Bank loans - 2-5 years 6,251 7,655
Other loans - 1-2 years 4,375 4,375
Other loans - 2-5 years 12,031 16,406
25,655 31,399