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REGISTERED NUMBER: 01327061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Dynamic Heating Services Limited

Dynamic Heating Services Limited (Registered number: 01327061)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dynamic Heating Services Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: I M Hudd
J P Telling
G A Trujillo





REGISTERED OFFICE: 77-79 Stokes Croft
Bristol
BS1 3RD





REGISTERED NUMBER: 01327061 (England and Wales)





ACCOUNTANTS: Business Control Limited
Red Lion Yard
Odd Down
Bath
Somerset
BA2 2PP

Dynamic Heating Services Limited (Registered number: 01327061)

Balance Sheet
31st December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 3,287 3,343
Tangible assets 5 30,210 2,100
33,497 5,443

CURRENT ASSETS
Stocks 28,053 28,053
Debtors 6 846,034 920,891
Cash at bank and in hand 237,630 182,228
1,111,717 1,131,172
CREDITORS
Amounts falling due within one year 7 (251,419 ) (225,681 )
NET CURRENT ASSETS 860,298 905,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,795

910,934

CAPITAL AND RESERVES
Called up share capital 10,220 10,220
Retained earnings 883,575 900,714
SHAREHOLDERS' FUNDS 893,795 910,934

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Dynamic Heating Services Limited (Registered number: 01327061)

Balance Sheet - continued
31st 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 18th September 2024 and were signed on its behalf by:





G A Trujillo - Director


Dynamic Heating Services Limited (Registered number: 01327061)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Dynamic Heating Services 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

Dynamic Heating Services Limited (Registered number: 01327061)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. INTANGIBLE FIXED ASSETS
Website
development
£
COST
At 1st January 2023
and 31st December 2023 16,366
AMORTISATION
At 1st January 2023 13,023
Amortisation for year 56
At 31st December 2023 13,079
NET BOOK VALUE
At 31st December 2023 3,287
At 31st December 2022 3,343

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1st January 2023 - 84,639 23,485 108,124
Additions 807 3,234 28,116 32,157
Disposals - - (39,370 ) (39,370 )
At 31st December 2023 807 87,873 12,231 100,911
DEPRECIATION
At 1st January 2023 - 84,639 21,385 106,024
Charge for year 161 1,077 934 2,172
Eliminated on disposal - - (37,495 ) (37,495 )
At 31st December 2023 161 85,716 (15,176 ) 70,701
NET BOOK VALUE
At 31st December 2023 646 2,157 27,407 30,210
At 31st December 2022 - - 2,100 2,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 115,620 119,506
Intercompany debtors 674,165 732,486
Prepayments and accrued income 56,249 68,899
846,034 920,891

Dynamic Heating Services Limited (Registered number: 01327061)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 192,753 159,125
Tax - 18,815
Social security and other taxes 11,688 5,988
VAT 38,430 34,711
Other creditors 3,445 1,313
Accruals and deferred income 5,103 5,729
251,419 225,681