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Registration number: 07487762

Dynamic Health Systems Services Ltd

Unaudited Filleted Financial Statements

for the Period from 1 February 2023 to 30 January 2024

 

Dynamic Health Systems Services Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Dynamic Health Systems Services Ltd

(Registration number: 07487762)
Balance Sheet as at 30 January 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Intangible assets

4

 

422,848

 

693,634

Current assets

   

 

Debtors

5

37,567

 

104,515

 

Cash at bank and in hand

 

72,073

 

269,763

 

 

109,640

 

374,278

 

Creditors: Amounts falling due within one year

6

(25,532)

 

(315,076)

 

Net current assets

   

84,108

 

59,202

Total assets less current liabilities

   

506,956

 

752,836

Creditors: Amounts falling due after more than one year

6

 

(19,062)

 

(29,097)

Net assets

   

487,894

 

723,739

Capital and reserves

   

 

Called up share capital

8

1,262

 

1,262

 

Share premium reserve

49,938

 

49,938

 

Retained earnings

436,694

 

672,539

 

Shareholders' funds

   

487,894

 

723,739

 

Dynamic Health Systems Services Ltd

(Registration number: 07487762)
Balance Sheet as at 30 January 2024

For the financial period ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2024 and signed on its behalf by:
 

.........................................
S M Ali
Director

 

Dynamic Health Systems Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
York House
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PE

The principal place of business is:
33 Heaton Grove
Bradford
West Yorkshire
BD9 4DZ

These financial statements were authorised for issue by the Board on 12 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

 

Dynamic Health Systems Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses.

Where factors, such as technological advancement or changes in market price, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

Costs associated with maintaining computer software are recognised as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets when the following criteria are met:

- it is technically feasible to complete the software so that it will be available for use;
- management intends to complete the software and use or sell it;
- there is an ability to use or sell the software;
- it can be demonstrated how the software will generate probable future economic benefits;
- adequate technical, financial and other resources to complete the development and to use or sell the software are available; and the expenditure attributable to the software during its development can be reliably measured.

Other development expenditures that do not meet these criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks, patents and licences

25% straight line

Internally generated software development costs

20% straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Dynamic Health Systems Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

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.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 4).

 

Dynamic Health Systems Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 February 2023

121,400

1,440,337

1,561,737

Additions acquired separately

-

87,130

87,130

At 30 January 2024

121,400

1,527,467

1,648,867

Amortisation

At 1 February 2023

121,200

746,903

868,103

Amortisation charge

100

357,816

357,916

At 30 January 2024

121,300

1,104,719

1,226,019

Carrying amount

At 30 January 2024

100

422,748

422,848

At 31 January 2023

200

693,434

693,634

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

67,680

Prepayments

-

4,321

Other debtors

37,567

32,514

 

37,567

104,515

 

Dynamic Health Systems Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,035

9,788

Trade creditors

 

-

96,309

Taxation and social security

 

-

50,773

Accruals and deferred income

 

13,750

158,206

Other creditors

 

1,747

-

 

25,532

315,076

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

19,062

29,097

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,035

9,788

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

19,062

29,097

 

Dynamic Health Systems Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary shares of £1 each

150

150

150

150

B Ordinary shares of £1 each

150

150

150

150

C Ordinary shares of £1 each

300

300

300

300

D Ordinary shares of £1 each

150

150

150

150

E Ordinary shares of £1 each

150

150

150

150

F Ordinary shares of £1 each

150

150

150

150

G Ordinary shares of £1 each

150

150

150

150

H Ordinary shares of £1 each

62

62

62

62

1,262

1,262

1,262

1,262