Caseware UK (AP4) 2023.0.135 2023.0.135 122023-01-01falseCarnet support provider11falsetrue 09079171 2023-01-01 2023-12-31 09079171 2022-01-01 2022-12-31 09079171 2023-12-31 09079171 2022-12-31 09079171 2022-01-01 09079171 c:Director3 2023-01-01 2023-12-31 09079171 d:FurnitureFittings 2023-01-01 2023-12-31 09079171 d:FurnitureFittings 2023-12-31 09079171 d:FurnitureFittings 2022-12-31 09079171 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09079171 d:CurrentFinancialInstruments 2023-12-31 09079171 d:CurrentFinancialInstruments 2022-12-31 09079171 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09079171 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09079171 d:ShareCapital 2023-01-01 2023-12-31 09079171 d:ShareCapital 2023-12-31 09079171 d:ShareCapital 2022-01-01 2022-12-31 09079171 d:ShareCapital 2022-12-31 09079171 d:ShareCapital 2022-01-01 09079171 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09079171 d:RetainedEarningsAccumulatedLosses 2023-12-31 09079171 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09079171 d:RetainedEarningsAccumulatedLosses 2022-12-31 09079171 d:RetainedEarningsAccumulatedLosses 2022-01-01 09079171 c:FRS102 2023-01-01 2023-12-31 09079171 c:Audited 2023-01-01 2023-12-31 09079171 c:FullAccounts 2023-01-01 2023-12-31 09079171 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09079171 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09079171 2 2023-01-01 2023-12-31 09079171 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09079171










Dynamic Dox Limited










Financial statements

For the year ended 31 December 2023

 
Dynamic Dox Limited
Registered number: 09079171

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,777
34,420

Current assets
  

Debtors: amounts falling due within one year
 5 
293,119
235,972

Cash at bank and in hand
  
1,165,769
1,635,417

  
1,458,888
1,871,389

Creditors: amounts falling due within one year
 6 
(296,220)
(595,204)

Net current assets
  
 
 
1,162,668
 
 
1,276,185

  

Net assets
  
1,188,445
1,310,605


Capital and reserves
  

Called up share capital 
  
50,002
50,002

Profit and loss account
  
1,138,443
1,260,603

  
1,188,445
1,310,605


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 April 2024.




A J Scott
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 1

 
Dynamic Dox Limited
 

Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
50,002
324,009
374,011


Comprehensive income for the year

Profit for the year
-
1,296,245
1,296,245
Total comprehensive income for the year
-
1,296,245
1,296,245


Contributions by and distributions to owners

Dividends
-
(359,651)
(359,651)


Total transactions with owners
-
(359,651)
(359,651)



At 1 January 2023
50,002
1,260,603
1,310,605


Comprehensive income for the year

Profit for the year
-
1,489,840
1,489,840
Total comprehensive income for the year
-
1,489,840
1,489,840


Contributions by and distributions to owners

Dividends
-
(1,612,000)
(1,612,000)


Total transactions with owners
-
(1,612,000)
(1,612,000)


At 31 December 2023
50,002
1,138,443
1,188,445
Page 2

 
Dynamic Dox Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Dynamic Dox Limited is a private company limited by shares and incorporated in England & Wales, company number 09079171.  The registered office is 2nd Floor, 168 Shoreditch High street, London, E1 6RA and the principal place of business is Unit 1 Trident Industrial Estate, Blackthorne Road, Colnbrook, Slough, Berkshire, SL3 0AX.  The principal activity of the company is a provider of carnet support and administration.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated via the provision of export documentation, principally ATA carnets, and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
Dynamic Dox Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
Dynamic Dox Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
Dynamic Dox Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 11).

Page 6

 
Dynamic Dox Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
82,839



At 31 December 2023

82,839



Depreciation


At 1 January 2023
48,419


Charge for the year
8,643



At 31 December 2023

57,062



Net book value



At 31 December 2023
25,777



At 31 December 2022
34,420

Page 7

 
Dynamic Dox Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
105,619
130,233

Amounts owed by group undertakings
164,718
43,197

Other debtors
20,500
21,656

Prepayments and accrued income
2,282
40,886

293,119
235,972



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
90,930
367,531

Amounts owed to group undertakings
79,661
41,497

Corporation tax
19,423
4,642

Other taxation and social security
90,461
75,583

Other creditors
488
30,610

Accruals and deferred income
15,257
75,341

296,220
595,204



7.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases of £14,669 (2022: £nil).


8.


Controlling party

The immediate parent company is RICH Forwarding Limited, a company registered in England and Wales, whose registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA.
The ultimate parent undertaking is ATL Rock-it AIV LP, a company registered in the Cayman Islands, and in which no individual has a controlling interest.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 9 April 2024 by Robert Sellers FCCA (Senior statutory auditor) on behalf of Kreston Reeves LLP.


Page 8