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REGISTERED NUMBER: 05292055 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

DYNAMIC MANUFACTURING SOLUTIONS LIMITED

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNAMIC MANUFACTURING SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K A J Evans
Mrs K A Evans





SECRETARY: Mrs K A Evans





REGISTERED OFFICE: 25 Barnes Wallis Road
Segensworth East
Fareham
Hampshire
PO15 5TT





REGISTERED NUMBER: 05292055 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,570 21,914

CURRENT ASSETS
Stocks - 40,000
Debtors 5 69,079 156,075
Cash at bank 29,510 28,489
98,589 224,564
CREDITORS
Amounts falling due within one year 6 91,281 202,600
NET CURRENT ASSETS 7,308 21,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,878

43,878

CREDITORS
Amounts falling due after more than one year 7 28,689 32,389
NET ASSETS 189 11,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89 11,389
SHAREHOLDERS' FUNDS 189 11,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

Balance Sheet - continued
31 March 2024


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 12 November 2024 and were signed on its behalf by:





K A J Evans - Director


DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dynamic Manufacturing 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 - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

DYNAMIC MANUFACTURING SOLUTIONS LIMITED (REGISTERED NUMBER: 05292055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 51,643
Disposals (5 )
At 31 March 2024 51,638
DEPRECIATION
At 1 April 2023 29,729
Charge for year 339
At 31 March 2024 30,068
NET BOOK VALUE
At 31 March 2024 21,570
At 31 March 2023 21,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (66,516 ) 150,342
Other debtors 135,595 5,733
69,079 156,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 90,869 176,113
Taxation and social security 196 8,381
Other creditors 216 18,106
91,281 202,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,689 32,389