DYNAMO SOFTWARE UK. LIMITED

Company Registration Number:
09742935 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

DYNAMO SOFTWARE UK. LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DYNAMO SOFTWARE UK. LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company continued to be that of selling software subscriptions for alternative asset investment management.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Angelina Benham-Hermetz


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 January 2025

And signed on behalf of the board by:
Name: Angelina Benham-Hermetz
Status: Director

DYNAMO SOFTWARE UK. LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 5,954,454 4,564,969
Cost of sales: ( 1,985,429 ) ( 1,843,304 )
Gross profit(or loss): 3,969,025 2,721,665
Administrative expenses: ( 4,298,297 ) ( 4,091,550 )
Operating profit(or loss): (329,272) (1,369,885)
Interest receivable and similar income: 18,198
Interest payable and similar charges: ( 982 )
Profit(or loss) before tax: (329,272) (1,352,669)
Tax: ( 1,008 )
Profit(or loss) for the financial year: (330,280) (1,352,669)

DYNAMO SOFTWARE UK. LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 12,817 14,071
Total fixed assets: 12,817 14,071
Current assets
Debtors: 4 8,455,557 6,053,227
Cash at bank and in hand: 819,329 140,011
Total current assets: 9,274,886 6,193,238
Creditors: amounts falling due within one year: 5 ( 16,614,886 ) ( 13,330,564 )
Net current assets (liabilities): (7,340,000) (7,137,326)
Total assets less current liabilities: (7,327,183) ( 7,123,255)
Provision for liabilities: ( 1,008 )
Total net assets (liabilities): (7,328,191) (7,123,255)
Capital and reserves
Called up share capital: 10 10
Other reserves: 59,317 59,317
Profit and loss account: (7,387,518 ) (7,182,582 )
Total Shareholders' funds: ( 7,328,191 ) (7,123,255)

The notes form part of these financial statements

DYNAMO SOFTWARE UK. LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 January 2025
and signed on behalf of the board by:

Name: Angelina Benham-Hermetz
Status: Director

The notes form part of these financial statements

DYNAMO SOFTWARE UK. LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. It is measured at the fair value of the consideration received or receivable, net of sales taxes, sales returns and any trade discounts. It is generated from licenses subscriptions and related professional and support services. Revenue is recognised over the period of contract in line with the signed agreement on a straight line-basis.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

DYNAMO SOFTWARE UK. LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 26 27

DYNAMO SOFTWARE UK. LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 23,083 23,083
Additions 2,729 2,729
Disposals
Revaluations
Transfers
At 31 December 2023 25,812 25,812
Depreciation
At 1 January 2023 9,012 9,012
Charge for year 3,983 3,983
On disposals
Other adjustments
At 31 December 2023 12,995 12,995
Net book value
At 31 December 2023 12,817 12,817
At 31 December 2022 14,071 14,071

DYNAMO SOFTWARE UK. LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,220,934 1,465,836
Other debtors 6,234,623 4,587,391
Total 8,455,557 6,053,227

DYNAMO SOFTWARE UK. LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 69,309 73,812
Taxation and social security 283,804 356,655
Accruals and deferred income 4,102,568 2,700,830
Other creditors 12,159,205 10,199,267
Total 16,614,886 13,330,564