Company Registration No. 10349811 (England and Wales)
DYNAMIC FOOD LTD
Accounts
for the year ended 31 January 2024
DYNAMIC FOOD LTD
Accounts
Contents
DYNAMIC FOOD LTD
Statement of financial position
as at 31 January 2024
Intangible assets
134,915
135,730
Tangible assets
806,165
807,419
Cash at bank and in hand
73,032
80,750
Creditors: amounts falling due within one year
(1,337,411)
(895,884)
Net current liabilities
(1,008,061)
(557,736)
Total assets less current liabilities
(66,981)
385,413
Creditors: amounts falling due after more than one year
(258,102)
(360,509)
Net (liabilities)/assets
(325,083)
24,904
Called up share capital
100
100
Profit and loss account
(325,183)
24,804
Shareholders' funds
(325,083)
24,904
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Abdul Qadeer Awan
Director
Company Registration No. 10349811
DYNAMIC FOOD LTD
Notes to the Accounts
for the year ended 31 January 2024
DYNAMIC FOOD LTD is a private company, limited by shares, registered in England and Wales, registration number 10349811. The registered office is 70 HORBURY ROAD, WAKEFIELD, WF2 8TU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
5% Reducing Balance
Computer equipment
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
DYNAMIC FOOD LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2023
125,135
16,300
141,435
At 31 January 2024
125,135
16,300
141,435
At 1 February 2023
-
5,705
5,705
Charge for the year
-
815
815
At 31 January 2024
-
6,520
6,520
At 31 January 2024
125,135
9,780
134,915
At 31 January 2023
125,135
10,595
135,730
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2023
355,381
59,068
8,068
488,712
19,566
930,795
Additions
-
5,984
-
4,449
1,940
12,373
At 31 January 2024
355,381
65,052
8,068
493,161
21,506
943,168
At 1 February 2023
-
4,715
2,362
106,390
9,909
123,376
Charge for the year
-
2,131
566
9,556
1,374
13,627
At 31 January 2024
-
6,846
2,928
115,946
11,283
137,003
At 31 January 2024
355,381
58,206
5,140
377,215
10,223
806,165
At 31 January 2023
355,381
54,353
5,706
382,322
9,657
807,419
Amounts falling due within one year
Accrued income and prepayments
2,863
-
Amounts falling due after more than one year
Other debtors
238,891
237,574
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
534,734
318,159
Taxes and social security
1,524
19,517
Other creditors
203,117
54,511
Loans from directors
463,395
387,594
DYNAMIC FOOD LTD
Notes to the Accounts
for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
258,102
360,509
9
Average number of employees
During the year the average number of employees was 72 (2023: 98).