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REGISTERED NUMBER: 04158992 (England and Wales)









Financial Statements

for the Year Ended 29 February 2024

for

Dynateck Limited

Dynateck Limited (Registered number: 04158992)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Dynateck Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs M Garrett





SECRETARY: Mrs M Garrett





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 04158992 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Dynateck Limited (Registered number: 04158992)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 5,129 5,115

CURRENT ASSETS
Inventories 5 43,775 54,847
Debtors 6 72,988 46,779
Cash at bank 39,035 19,998
155,798 121,624
CREDITORS
Amounts falling due within one year 7 (62,246 ) (31,041 )
NET CURRENT ASSETS 93,552 90,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,681

95,698

PROVISIONS FOR LIABILITIES (871 ) (871 )
NET ASSETS 97,810 94,827

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,710 94,727
SHAREHOLDERS' FUNDS 97,810 94,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 17 June 2024 and were signed by:





Mrs M Garrett - Director


Dynateck Limited (Registered number: 04158992)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Dynateck Limited 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 company is reliant on the support of it's director for day to day financing and working capital requirements. The director has indicated that the funding and support provided will not be withdrawn in the foreseeable future. It is on this basis that the director considers it appropriate to prepare the financial statements on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Dynateck Limited (Registered number: 04158992)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
Short fittings
leasehold & equipment Totals
£    £    £   
COST
At 1 March 2023 700 12,911 13,611
Additions - 676 676
At 29 February 2024 700 13,587 14,287
DEPRECIATION
At 1 March 2023 - 8,496 8,496
Charge for year - 662 662
At 29 February 2024 - 9,158 9,158
NET BOOK VALUE
At 29 February 2024 700 4,429 5,129
At 28 February 2023 700 4,415 5,115

5. INVENTORIES
2024 2023
£    £   
Finished goods 43,775 54,847

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,988 46,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,955 15,045
Tax 14,778 10,506
Value added tax 8,762 2,655
Directors' current accounts 347 671
Accruals & deferred income 3,404 2,164
62,246 31,041

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs M Garrett
Balance outstanding at start of year (671 ) (230 )
Amounts advanced 671 52,793
Amounts repaid - (53,234 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (671 )