Dynatic Ltd
Registered number: 12779153
Statement of Financial Position
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Financial assets 714,708 714,708
Current assets
Debtors 3 1 1
Creditors: amounts falling due within one year 4 (359,869) (358,512)
Net current liabilities (359,868) (358,511)
Net assets 354,840 356,197
Capital and reserves
Called up share capital 1 1
Profit and loss account 354,839 356,196
Shareholder's funds 354,840 356,197
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neill Hendry
Director
Approved by the board on 4 October 2024
Dynatic Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Changes in fair value/Impairment losses are included in the profit and loss account.
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Other debtors 1 1
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,344 1,284
Other creditors 358,525 357,228
359,869 358,512
5 Prior year adjustment
While preparing the financial statements it was noted that dividends in the 2023 financial statements were understated by £10,420. Consequently the comparative figures in these financial statements have been adjusted to correct this error.
6 Other information
Dynatic Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32 Damer Gardens
Henley-On-Thames
Oxfordshire
RG9 1HX
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