Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-3111false2022-09-01holding companytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10563142 2022-08-31 10563142 2022-09-01 2023-08-31 10563142 2022-02-01 2022-11-30 10563142 2023-08-31 10563142 2022-11-30 10563142 c:Director1 2022-09-01 2023-08-31 10563142 d:CurrentFinancialInstruments 2023-08-31 10563142 d:CurrentFinancialInstruments 2022-11-30 10563142 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10563142 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10563142 d:ShareCapital 2023-08-31 10563142 d:ShareCapital 2022-11-30 10563142 d:SharePremium 2023-08-31 10563142 d:SharePremium 2022-11-30 10563142 d:CapitalRedemptionReserve 2023-08-31 10563142 d:CapitalRedemptionReserve 2022-11-30 10563142 d:RetainedEarningsAccumulatedLosses 2023-08-31 10563142 d:RetainedEarningsAccumulatedLosses 2022-11-30 10563142 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-08-31 10563142 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2022-11-30 10563142 c:FRS102 2022-09-01 2023-08-31 10563142 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10563142 c:FullAccounts 2022-09-01 2023-08-31 10563142 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10563142 6 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number:  10563142














DYNAMIX CORPORATION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


 
DYNAMIX CORPORATION LIMITED
REGISTERED NUMBER: 10563142

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
102
102

  
102
102

Current assets
  

Debtors
  
1,033,629
790,045

  
1,033,629
790,045

Creditors: amounts falling due within one year
 5 
(921,940)
(789,047)

Net current assets
  
 
 
111,689
 
 
998

Total assets less current liabilities
  
111,791
1,100

  

Net assets
  
111,791
1,100


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
109,994
-

Capital redemption reserve
  
6
-

Profit and loss account
  
1,691
1,000

  
111,791
1,100


Page 1

 
DYNAMIX CORPORATION LIMITED
REGISTERED NUMBER: 10563142
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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 by: 




G Williams
Director

Date: 12 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DYNAMIX CORPORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 10563142). The address of the registered office is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking. The principal activity is that of a holding company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

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.

Page 3

 
DYNAMIX CORPORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

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.

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.

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
Page 4

 
DYNAMIX CORPORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

 
2.7

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 at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2022
102



At 31 August 2023
102





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
921,940
789,047

921,940
789,047


Page 5

 
DYNAMIX CORPORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at amortised cost
1,033,629
790,045


Financial liabilities


Financial liabilities measured at amortised cost
921,940
789,047


Financial assets measured at amortised cost comprise of other debtors.


Financial liabilities measured at amortised cost comprise of other creditors.

Page 6

 
DYNAMIX CORPORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Related party transactions

Included in other debtors and other creditors are the following balances (to) / from related parties:


2023
2022
£
£

People Dynamix Limited
1,033,629
790,044
G Williams
(662,438)
(536,548)
J Williams
(252,499)
(252,496)

During the year the company received management fees amounting to £92,352 (Nov 2022: £84,568) from its subsidiary, People Dynamix Limited.
G Williams is a director.
J Williams is a member of the key management personnel of People Dynamix Limited.


8.


Controlling party

The controlling party is Gareth and Jill Williams.

 
Page 7