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REGISTERED NUMBER: 07668667 (England and Wales)









DYNAMITE RECRUITMENT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






DYNAMITE RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07668667)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNAMITE RECRUITMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M G Fox
Miss F S Curtis
Miss K Dalgleish





REGISTERED OFFICE: 1000 Lakeside
Western Road
Portsmouth
Hampshire
PO6 3EN





REGISTERED NUMBER: 07668667 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

DYNAMITE RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07668667)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,109 36,441

CURRENT ASSETS
Debtors 5 385,399 496,322
Cash at bank and in hand 152,297 241,473
537,696 737,795
CREDITORS
Amounts falling due within one year 6 466,050 581,291
NET CURRENT ASSETS 71,646 156,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,755

192,945

CREDITORS
Amounts falling due after more than one
year

7

70,833

120,829
NET ASSETS 28,922 72,116

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 3 3
Retained earnings 28,819 72,013
SHAREHOLDERS' FUNDS 28,922 72,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DYNAMITE RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07668667)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





M G Fox - Director


DYNAMITE RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07668667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dynamite Recruitment Solutions 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.

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.

Turnover
Turnover 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.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

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 balance sheet date.


DYNAMITE RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07668667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 109,443
Additions 65,988
Disposals (64,500 )
At 31 December 2023 110,931
DEPRECIATION
At 1 January 2023 73,002
Charge for year 9,820
At 31 December 2023 82,822
NET BOOK VALUE
At 31 December 2023 28,109
At 31 December 2022 36,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 276,658 390,582
Other debtors 108,741 105,740
385,399 496,322

DYNAMITE RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07668667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,004
Trade creditors 38,433 35,717
Taxation and social security 215,266 201,973
Other creditors 162,351 293,597
466,050 581,291

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 70,833 120,829

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other creditors 125,540 268,765

Included within other creditors is £125,540 (2022: £268,765) due in respect of Invoice Discount finance facility. The creditor is secured over the trade debtors of the company.

9. RELATED PARTY DISCLOSURES

The company has lent Dynamite Property Solutions Limited, a company under common control, £88,001 was outstanding at the year end.