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 |