BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of management consultancy services other than financial information. 19 August 2024 NI644904 2024-03-31 NI644904 2023-03-31 NI644904 2022-03-31 NI644904 2023-04-01 2024-03-31 NI644904 2022-04-01 2023-03-31 NI644904 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI644904 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI644904 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI644904 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI644904 uk-core:ShareCapital 2024-03-31 NI644904 uk-core:ShareCapital 2023-03-31 NI644904 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI644904 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI644904 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI644904 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI644904 uk-bus:FRS102 2023-04-01 2024-03-31 NI644904 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI644904 uk-core:ParentEntities 2023-04-01 2024-03-31 NI644904 uk-countries:NorthernIreland 2023-04-01 2024-03-31 NI644904 uk-bus:Director1 2023-04-01 2024-03-31 NI644904 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Dynamite Lifestyle Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Dynamite Lifestyle Ltd
Company Registration Number: NI644904
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Tangible assets 4 206,745 71,621
───────── ─────────
 
Current Assets
 
Debtors 191,011 652,469
 
Cash at bank and in hand 514,373 1,739,082
───────── ─────────
705,384 2,391,551
───────── ─────────
 
Creditors: amounts falling due within one year (181,682) (652,872)
───────── ─────────
 
Net Current Assets 523,702 1,738,679
───────── ─────────
 
Total Assets less Current Liabilities 730,447 1,810,300
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 1 1
 
Retained earnings 730,446 1,810,299
───────── ─────────
Shareholders' Funds 730,447 1,810,300
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 19 August 2024
           
           
           
________________________________          
Kimberlee-Jo Calvert          
Director          
           



Dynamite Lifestyle Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Dynamite Lifestyle Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI644904. The registered office of the company is 51 Hill Street, Belfast, BT1 2LB, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity, Dynamite Lifestyle Ltd for the financial year ended 31st March 2024.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Reducing alance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was
 
  2024 2023
  Number Number
 
Director 1 1
Employees 6 3
  ───────── ─────────
  7 4
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2023 83,689 83,689
Additions 180,054 180,054
  ───────── ─────────
At 31 March 2024 263,743 263,743
  ───────── ─────────
Depreciation
At 1 April 2023 12,068 12,068
Charge for the financial year 44,930 44,930
  ───────── ─────────
At 31 March 2024 56,998 56,998
  ───────── ─────────
Net book value
At 31 March 2024 206,745 206,745
  ═════════ ═════════
At 31 March 2023 71,621 71,621
  ═════════ ═════════
   
5. Parent company
 
The company regards The House of Dynamite Ltd as its parent company. The companys ultimate parent undertaking is The House of Dynamite Ltd. The address of The House of Dynamite Ltd is 51 Hill Street, Belfast, Co Antrim, BT1 2LB, Northern Ireland. The House of Dynamite Ltd is regarded as both the controlling party and the ultimate controlling party.
 
       
6. Financial commitments and guarantees
 
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension contributions are charged to the profit and loss in the year that they occur. There is £3,051 owed to the fund at the 31 March 2024. This is included in Creditors: amounts falling due within one year.