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REGISTERED NUMBER: 06223220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

DYNAMO IT LIMITED

DYNAMO IT LIMITED (REGISTERED NUMBER: 06223220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DYNAMO IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr I M Siddiqui





REGISTERED OFFICE: 4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP





REGISTERED NUMBER: 06223220 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

DYNAMO IT LIMITED (REGISTERED NUMBER: 06223220)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 978 873
Investments 6 30,285 30,817
31,263 31,690

CURRENT ASSETS
Debtors 2,561 12,703
Cash at bank 89,729 137,866
92,290 150,569
CREDITORS
Amounts falling due within one year 18,887 22,956
NET CURRENT ASSETS 73,403 127,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,666

159,303

CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve (8,456 ) (7,712 )
Retained earnings 113,121 167,014
SHAREHOLDERS' FUNDS 104,666 159,303

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.

DYNAMO IT LIMITED (REGISTERED NUMBER: 06223220)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr I M Siddiqui - Director


DYNAMO IT LIMITED (REGISTERED NUMBER: 06223220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Dynamo IT 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DYNAMO IT LIMITED (REGISTERED NUMBER: 06223220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 17,803
Additions 1,352
Disposals (11,130 )
At 30 April 2024 8,025
DEPRECIATION
At 1 May 2023 16,930
Charge for year 1,247
Eliminated on disposal (11,130 )
At 30 April 2024 7,047
NET BOOK VALUE
At 30 April 2024 978
At 30 April 2023 873

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 May 2023 30,817
Additions 212
Revaluations (744 )
At 30 April 2024 30,285
NET BOOK VALUE
At 30 April 2024 30,285
At 30 April 2023 30,817

DYNAMO IT LIMITED (REGISTERED NUMBER: 06223220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:
Totals
£   
Valuation in 2015 (1,132 )
Valuation in 2016 (280 )
Valuation in 2017 10,404
Valuation in 2018 18,012
Valuation in 2019 (2,331 )
Valuation in 2020 14,525
Valuation in 2021 (246 )
Valuation in 2022 (38,951 )
Valuation in 2023 (7,713 )
Valuation in 2024 (744 )
Cost 38,741
30,285

7. CALLED UP SHARE CAPITAL

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr I M Siddiqui
Balance outstanding at start of year (553 ) 4,434
Amounts advanced 10,556 14,404
Amounts repaid (10,047 ) (19,391 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44 ) (553 )