IRIS Accounts Production v24.3.2.46 12550310 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125503102023-04-30125503102024-04-30125503102023-05-012024-04-30125503102022-04-30125503102022-05-012023-04-30125503102023-04-3012550310ns15:EnglandWales2023-05-012024-04-3012550310ns14:PoundSterling2023-05-012024-04-3012550310ns10:Director12023-05-012024-04-3012550310ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012550310ns10:SmallEntities2023-05-012024-04-3012550310ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012550310ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012550310ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012550310ns10:FullAccounts2023-05-012024-04-3012550310ns10:OrdinaryShareClass12023-05-012024-04-3012550310ns10:RegisteredOffice2023-05-012024-04-3012550310ns5:CurrentFinancialInstruments2024-04-3012550310ns5:CurrentFinancialInstruments2023-04-3012550310ns5:Non-currentFinancialInstruments2024-04-3012550310ns5:Non-currentFinancialInstruments2023-04-3012550310ns5:ShareCapital2024-04-3012550310ns5:ShareCapital2023-04-3012550310ns5:RetainedEarningsAccumulatedLosses2024-04-3012550310ns5:RetainedEarningsAccumulatedLosses2023-04-3012550310ns5:FurnitureFittings2023-05-012024-04-3012550310ns5:MotorVehicles2023-05-012024-04-3012550310ns5:ComputerEquipment2023-05-012024-04-3012550310ns5:FurnitureFittings2023-04-3012550310ns5:MotorVehicles2023-04-3012550310ns5:ComputerEquipment2023-04-3012550310ns5:FurnitureFittings2024-04-3012550310ns5:MotorVehicles2024-04-3012550310ns5:ComputerEquipment2024-04-3012550310ns5:FurnitureFittings2023-04-3012550310ns5:MotorVehicles2023-04-3012550310ns5:ComputerEquipment2023-04-3012550310ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3012550310ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012550310ns5:DeferredTaxation2023-04-3012550310ns5:DeferredTaxation2023-05-012024-04-3012550310ns5:DeferredTaxation2024-04-3012550310ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 12550310 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Dynamick Limited

Dynamick Limited (Registered number: 12550310)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dynamick Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M A Wilson





REGISTERED OFFICE: Regus House
Office 117, 4 Admiral Way
Doxford International Business Park
Sunderland
Tyne and Wear
SR3 3XW





REGISTERED NUMBER: 12550310 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Dynamick Limited (Registered number: 12550310)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,327 17,997

CURRENT ASSETS
Debtors 5 133,787 250,062
Cash at bank 335,900 304,918
469,687 554,980
CREDITORS
Amounts falling due within one year 6 164,715 212,154
NET CURRENT ASSETS 304,972 342,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,299

360,823

CREDITORS
Amounts falling due after more than one
year

7

(70,232

)

(72,767

)

PROVISIONS FOR LIABILITIES 9 (19,430 ) (4,187 )
NET ASSETS 300,637 283,869

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 300,537 283,769
SHAREHOLDERS' FUNDS 300,637 283,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Dynamick Limited (Registered number: 12550310)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





M A Wilson - Director


Dynamick Limited (Registered number: 12550310)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Dynamick 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.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Commission is recongised in the month in which the sale occured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Dynamick Limited (Registered number: 12550310)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 3,622 - 21,603 25,225
Additions 1,845 91,930 2,078 95,853
At 30 April 2024 5,467 91,930 23,681 121,078
DEPRECIATION
At 1 May 2023 158 - 7,070 7,228
Charge for year 976 22,983 4,564 28,523
At 30 April 2024 1,134 22,983 11,634 35,751
NET BOOK VALUE
At 30 April 2024 4,333 68,947 12,047 85,327
At 30 April 2023 3,464 - 14,533 17,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 500
Prepayments and accrued income 133,787 249,562
133,787 250,062

Dynamick Limited (Registered number: 12550310)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,619 9,163
Trade creditors 34,489 84,580
Taxation and social security 77,929 104,199
Other creditors 6,788 6,633
Directors' current accounts 1,274 2,949
Accruals and deferred income 36,616 4,630
164,715 212,154

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 70,232 72,767

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 77,851 81,930

Hire purchase contracts are secured against the asset to which they relate.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,430 4,187

Deferred
tax
£   
Balance at 1 May 2023 4,187
Provided during year 15,243
Balance at 30 April 2024 19,430

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Dynamick Limited (Registered number: 12550310)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. RELATED PARTY DISCLOSURES

There are no related party transactions not concluded at market rate except for the following:

2024 2023
£    £   

Amounts due to directors 1,274 2,949

No interest was charged.