Dyno Marketing Ltd SC655089 false 2023-03-01 2024-06-30 2024-06-30 The principal activity of the company is Advertising Digita Accounts Production Advanced 6.30.9574.0 true SC655089 2023-03-01 2024-06-30 SC655089 2024-06-30 SC655089 core:CurrentFinancialInstruments 2024-06-30 SC655089 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC655089 core:Non-currentFinancialInstruments 2024-06-30 SC655089 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 SC655089 core:FurnitureFittingsToolsEquipment 2024-06-30 SC655089 bus:SmallEntities 2023-03-01 2024-06-30 SC655089 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-06-30 SC655089 bus:FullAccounts 2023-03-01 2024-06-30 SC655089 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-06-30 SC655089 bus:RegisteredOffice 2023-03-01 2024-06-30 SC655089 bus:Director1 2023-03-01 2024-06-30 SC655089 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-06-30 SC655089 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-06-30 SC655089 core:OfficeEquipment 2023-03-01 2024-06-30 SC655089 1 2023-03-01 2024-06-30 SC655089 countries:Scotland 2023-03-01 2024-06-30 SC655089 2023-02-28 SC655089 core:FurnitureFittingsToolsEquipment 2023-02-28 SC655089 2022-03-01 2023-02-28 SC655089 2023-02-28 SC655089 core:CurrentFinancialInstruments 2023-02-28 SC655089 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC655089 core:Non-currentFinancialInstruments 2023-02-28 SC655089 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 SC655089 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: SC655089

Dyno Marketing Ltd

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 30 June 2024

 

Dyno Marketing Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Dyno Marketing Ltd

Company Information

Director

D Hicks

Registered office

30 Westfarm Court
Cambuslang
Glasgow
G72 7TU

 

Dyno Marketing Ltd

(Registration number: SC655089)
Balance Sheet as at 30 June 2024

2024
£

2023
£

Fixed assets

Tangible assets

-

538

Current assets

Debtors

1,281

19,524

Cash at bank and in hand

10

2,154

1,291

21,678

Creditors: Amounts falling due within one year

(200)

(7,078)

Net current assets

1,091

14,600

Total assets less current liabilities

1,091

15,138

Creditors: Amounts falling due after more than one year

-

(1,576)

Provisions for liabilities

-

(102)

Net assets

1,091

13,460

Capital and reserves

Called up share capital

100

100

Retained earnings

991

13,360

Shareholders' funds

1,091

13,460

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 November 2024
 

.........................................
D Hicks
Director

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital incorporated in Scotland and the company registration number is SC655089.

The address of its registered office is:
30 Westfarm Court
Cambuslang
Glasgow
G72 7TU
Scotland

These financial statements were authorised for issue by the director on 6 November 2024.

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 have been prepared in sterling and are rounded to the nearest pound.

The Company ceased trading on 22.01.2024.

Disclosure of long or short period

The accounts have been prepared to cover a long period of 16 months following the decision by the Director to cease trading. The figures presented in the profit and loss account are not comparable to the prior 12 month period because of this.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of marketing services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 30 June 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

Office equipment

25% reducing balance (fully depreciated)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1 (2023 - 1).

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

897

897

Disposals

(897)

(897)

At 30 June 2024

-

-

Depreciation

At 1 March 2023

359

359

Eliminated on disposal

(359)

(359)

At 30 June 2024

-

-

Carrying amount

At 30 June 2024

-

-

At 28 February 2023

538

538

5

Debtors

2024
£

2023
£

Other debtors

1,281

19,524

1,281

19,524

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

200

644

Taxation and social security

-

4,505

Accruals and deferred income

-

1,929

200

7,078

 

Dyno Marketing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 30 June 2024

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

-

644

Other borrowings

200

-

200

644

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

-

1,576

The bank borrowings include an unsecured bounce back loan and a secured loan, held over the assets of the Company. Other borrowings include unsecured amounts due to Directors.

8

Related party transactions

Other transactions with the Director

At the period end, the amount due to the Director by the Company was £200 (2023: £(19,525)). The amount is unsecured, interest-free and repayable on demand.