Company registration number 03435570 (England and Wales)
DYNAMIC WEBS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
DYNAMIC WEBS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DYNAMIC WEBS LIMITED (REGISTERED NUMBER: 03435570)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,512
1,022
Current assets
Debtors
4
69,826
71,579
Cash at bank and in hand
1,851
5,440
71,677
77,019
Creditors: amounts falling due within one year
5
(73,179)
(77,999)
Net current liabilities
(1,502)
(980)
Net assets
10
42
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
8
40
Total equity
10
42

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 21 August 2024
Mr E  Turkenich
Director
DYNAMIC WEBS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Dynamic Webs Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

 

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

- The amount of turnover can be measured reliably

 

 

 

- It is probable that the company will receive the consideration due under the contract

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DYNAMIC WEBS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
1
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2023
3,039
11,830
14,869
Additions
-
0
1,245
1,245
Disposals
(3,039)
(10,462)
(13,501)
At 31 March 2024
-
0
2,613
2,613
Depreciation and impairment
At 1 April 2023
2,999
10,848
13,847
Depreciation charged in the year
-
0
469
469
Eliminated in respect of disposals
(2,999)
(10,216)
(13,215)
At 31 March 2024
-
0
1,101
1,101
Carrying amount
At 31 March 2024
-
0
1,512
1,512
At 31 March 2023
40
982
1,022
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
69,826
71,579
DYNAMIC WEBS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
62,227
50,110
Taxation and social security
6,990
25,990
Other creditors
3,962
1,899
73,179
77,999
6
Director's transactions

As at the balance sheet date the company was owed £48,980 (2023 : £62,681) by the director. This balance is included in other debtors.

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