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REGISTERED NUMBER: 04846034 (England and Wales)
























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Dynamic Merchandise Limited

Dynamic Merchandise Limited (Registered number: 04846034)






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


Dynamic Merchandise Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Harvey
T Kirk





SECRETARY: T Kirk





REGISTERED OFFICE: Unit 5 Saxby Road Industrial Estate
Hudson Road
Melton Mowbray
Leicestershire
LE13 1BS





REGISTERED NUMBER: 04846034 (England and Wales)





ACCOUNTANTS: KD3 Accountancy Services Ltd
Apex House
7 Park Lane Business Centre
Basford
Nottingham
Nottinghamshire
NG6 0DW

Dynamic Merchandise Limited (Registered number: 04846034)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,736 44,524
Tangible assets 5 75,706 78,620
100,442 123,144

CURRENT ASSETS
Stocks 330,864 638,518
Debtors 6 2,183,611 1,724,327
Cash at bank and in hand 135,052 1,128,061
2,649,527 3,490,906
CREDITORS
Amounts falling due within one year 7 1,540,874 2,542,264
NET CURRENT ASSETS 1,108,653 948,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,209,095

1,071,786

CREDITORS
Amounts falling due after more than one
year

8

(317,557

)

(423,333

)

PROVISIONS FOR LIABILITIES (25,111 ) (19,655 )
NET ASSETS 866,427 628,798

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 1,538 1,538
Capital redemption reserve 2 2
Retained earnings 864,883 627,254
866,427 628,798

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 directors acknowledge their 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.

Dynamic Merchandise Limited (Registered number: 04846034)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:




P Harvey - Director



T Kirk - Director


Dynamic Merchandise Limited (Registered number: 04846034)

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

1. STATUTORY INFORMATION

Dynamic Merchandise 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Dynamic Merchandise Limited (Registered number: 04846034)

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

2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 100 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 395,771
AMORTISATION
At 1 May 2023 351,247
Charge for year 19,788
At 30 April 2024 371,035
NET BOOK VALUE
At 30 April 2024 24,736
At 30 April 2023 44,524

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 7,800 238,877 246,677
Additions - 26,459 26,459
At 30 April 2024 7,800 265,336 273,136
DEPRECIATION
At 1 May 2023 7,782 160,275 168,057
Charge for year 18 29,355 29,373
At 30 April 2024 7,800 189,630 197,430
NET BOOK VALUE
At 30 April 2024 - 75,706 75,706
At 30 April 2023 18 78,602 78,620

Dynamic Merchandise Limited (Registered number: 04846034)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,031,571 1,436,272
Other debtors 152,040 288,055
2,183,611 1,724,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 257
Trade creditors 602,032 618,865
Taxation and social security 607,716 746,038
Other creditors 331,126 1,177,104
1,540,874 2,542,264

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 299,917 423,333
Hire purchase contracts 17,640 -
317,557 423,333