DK Dynamics Ltd 08067805 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is to provide chassis dynamics and control consultancy services to the automotive industry. Digita Accounts Production Advanced 6.30.9574.0 true 08067805 2023-06-01 2024-05-31 08067805 2024-05-31 08067805 bus:OrdinaryShareClass1 2024-05-31 08067805 core:RetainedEarningsAccumulatedLosses 2024-05-31 08067805 core:ShareCapital 2024-05-31 08067805 core:CurrentFinancialInstruments 2024-05-31 08067805 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 08067805 core:FurnitureFittingsToolsEquipment 2024-05-31 08067805 core:OtherPropertyPlantEquipment 2024-05-31 08067805 bus:SmallEntities 2023-06-01 2024-05-31 08067805 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08067805 bus:FilletedAccounts 2023-06-01 2024-05-31 08067805 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08067805 bus:RegisteredOffice 2023-06-01 2024-05-31 08067805 bus:Director1 2023-06-01 2024-05-31 08067805 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08067805 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08067805 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 08067805 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 08067805 core:PlantMachinery 2023-06-01 2024-05-31 08067805 countries:EnglandWales 2023-06-01 2024-05-31 08067805 2023-05-31 08067805 core:FurnitureFittingsToolsEquipment 2023-05-31 08067805 core:OtherPropertyPlantEquipment 2023-05-31 08067805 2022-06-01 2023-05-31 08067805 2023-05-31 08067805 bus:OrdinaryShareClass1 2023-05-31 08067805 core:RetainedEarningsAccumulatedLosses 2023-05-31 08067805 core:ShareCapital 2023-05-31 08067805 core:CurrentFinancialInstruments 2023-05-31 08067805 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08067805 core:FurnitureFittingsToolsEquipment 2023-05-31 08067805 core:OtherPropertyPlantEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08067805

DK Dynamics Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

DK Dynamics Ltd

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

DK Dynamics Ltd

Registration number: 08067805

Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

285

Current assets

 

Debtors

5

281

282

Cash at bank and in hand

 

9,382

50,840

 

9,663

51,122

Creditors: Amounts falling due within one year

6

(2,431)

(26,944)

Net current assets

 

7,232

24,178

Net assets

 

7,232

24,463

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

6,232

23,463

Shareholders' funds

 

7,232

24,463



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

DK Dynamics Ltd

Registration number: 08067805

Balance Sheet as at 31 May 2024 (continued)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2024 and signed on its behalf by:
 

D A Kay
Director

   
     

 

DK Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Runhall Barn
Church Road
Runhall
Norwich
Norfolk
NR9 4DR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets. Government grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

DK Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures, fittings and equipment

33.3% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

5,848

1,342

7,190

Disposals

(5,848)

(1,342)

(7,190)

At 31 May 2024

-

-

-

Depreciation

At 1 June 2023

5,699

1,206

6,905

Charge for the year

149

34

183

Eliminated on disposal

(5,848)

(1,240)

(7,088)

At 31 May 2024

-

-

-

Carrying amount

At 31 May 2024

-

-

-

At 31 May 2023

149

136

285

 

DK Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Other debtors

281

282

 

281

282

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

145

1,882

Director's loan accounts

2,044

23,389

Other creditors

 

242

1,673

 

2,431

26,944

 

DK Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000