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REGISTERED NUMBER: 11694590 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Dynamic Performance Hub Ltd

Dynamic Performance Hub Ltd (Registered number: 11694590)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dynamic Performance Hub Ltd

Company Information
for the year ended 30 November 2023







DIRECTOR: Mrs D K So'Oialo-Chan





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 11694590 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Dynamic Performance Hub Ltd (Registered number: 11694590)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,027 23,248

CURRENT ASSETS
Debtors 5 2,911 15,359
Cash at bank 4,123 491
7,034 15,850
CREDITORS
Amounts falling due within one year 6 23,109 41,367
NET CURRENT LIABILITIES (16,075 ) (25,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,952

(2,269

)

CREDITORS
Amounts falling due after more than one
year

7

-

(2,124

)

PROVISIONS FOR LIABILITIES (3,615 ) (4,417 )
NET LIABILITIES (663 ) (8,810 )

Dynamic Performance Hub Ltd (Registered number: 11694590)

Balance Sheet - continued
30 November 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (763 ) (8,910 )
(663 ) (8,810 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 October 2024 and were signed by:





Mrs D K So'Oialo-Chan - Director


Dynamic Performance Hub Ltd (Registered number: 11694590)

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Dynamic Performance Hub Ltd 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.

The director considers that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


Dynamic Performance Hub Ltd (Registered number: 11694590)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Dynamic Performance Hub Ltd (Registered number: 11694590)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 9,237 5,248 14,970 436 29,891
Additions - 778 - - 778
At 30 November 2023 9,237 6,026 14,970 436 30,669
DEPRECIATION
At 1 December 2022 1,533 1,258 3,743 109 6,643
Charge for year 1,156 954 2,807 82 4,999
At 30 November 2023 2,689 2,212 6,550 191 11,642
NET BOOK VALUE
At 30 November 2023 6,548 3,814 8,420 245 19,027
At 30 November 2022 7,704 3,990 11,227 327 23,248

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 14,970
Transfer to ownership (14,970 )
At 30 November 2023 -
DEPRECIATION
At 1 December 2022 3,743
Transfer to ownership (3,743 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 11,227

Dynamic Performance Hub Ltd (Registered number: 11694590)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,253 5,515
Other debtors 658 9,844
2,911 15,359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 4,930
Other creditors 23,109 36,437
23,109 41,367

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,124

8. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's current account in the sum of £15,842 (2022: £33,281). The account is unsecured, interest free and carries no fixed date of repayment.