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REGISTERED NUMBER: 02902484 (England and Wales)














Financial Statements

for the Year Ended 31 December 2024

for

Dynamic Battery Services Limited

Dynamic Battery Services Limited (Registered number: 02902484)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Dynamic Battery Services Limited (Registered number: 02902484)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 77,939 35,350
Investments 6 - 1
77,939 35,351

CURRENT ASSETS
Stocks 7 1,415,293 2,603,964
Debtors 8 878,290 1,492,948
Cash at bank and in hand 387,814 415,544
2,681,397 4,512,456
CREDITORS
Amounts falling due within one year 9 756,394 2,652,046
NET CURRENT ASSETS 1,925,003 1,860,410
TOTAL ASSETS LESS CURRENT LIABILITIES 2,002,942 1,895,761

CREDITORS
Amounts falling due after more than one year 10 - 1,458
NET ASSETS 2,002,942 1,894,303

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 2,002,842 1,894,203
SHAREHOLDERS' FUNDS 2,002,942 1,894,303

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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr R F Bezuidenhout - Director


Dynamic Battery Services Limited (Registered number: 02902484)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Dynamic Battery Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02902484

Registered office: Unit 1 Gillibrands Road
East Gillibrands Estate
Skelmersdale
Lancashire
WN8 9TA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, and therefore the financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard F102 regarding transactions between fellow group companies.

Turnover
Turnover represents invoiced sales less allowances, trade discounts and value added tax.

The company operates substantially in one class of business, the supply of batteries and from one geographic location, the United Kingdom.

Turnover is recognised once goods are despatched.

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.

Intellectual property rights are being amortised evenly over their estimated useful life of three years.

Website creation is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 20% on cost
Plant and machinery - 20% on cost
Office fixtures and equipment - 20% - 33% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Dynamic Battery Services Limited (Registered number: 02902484)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Operating leases
Payments under operating leases are charged to the profit and loss account 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 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
property Website
rights creation Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 26,134 8,750 34,884
AMORTISATION
At 1 January 2024
and 31 December 2024 26,134 8,750 34,884
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

5. TANGIBLE FIXED ASSETS
Office
fixtures
Leasehold Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 - 52,680 91,717 29,750 174,147
Additions 27,500 33,225 - - 60,725
Disposals - (14,811 ) (42,601 ) (12,750 ) (70,162 )
At 31 December 2024 27,500 71,094 49,116 17,000 164,710
DEPRECIATION
At 1 January 2024 - 43,606 82,972 12,219 138,797
Charge for year 1,375 6,135 3,706 5,844 17,060
Eliminated on disposal - (14,502 ) (41,834 ) (12,750 ) (69,086 )
At 31 December 2024 1,375 35,239 44,844 5,313 86,771
NET BOOK VALUE
At 31 December 2024 26,125 35,855 4,272 11,687 77,939
At 31 December 2023 - 9,074 8,745 17,531 35,350

Dynamic Battery Services Limited (Registered number: 02902484)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 7,950
DEPRECIATION
At 1 January 2024 4,770
Charge for year 1,590
At 31 December 2024 6,360
NET BOOK VALUE
At 31 December 2024 1,590
At 31 December 2023 3,180

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 1
Disposals (1 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Imperium Batteries Limited
Registered office: Unit 1, Gillibrands Road, East Gillibrands, Skelmersdale, Lancashire, WN8 9TA
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves - 715

Imperium Batteries was voluntarily struck off the register and dissolved on 11th June 2024.

7. STOCKS
2024 2023
£    £   
Stocks 1,415,293 2,603,964

Dynamic Battery Services Limited (Registered number: 02902484)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 555,238 1,164,411
Other debtors 27,000 27,000
Prepayments 46,052 51,537
628,290 1,242,948

Amounts falling due after more than one year:
Deferred tax 250,000 250,000

Aggregate amounts 878,290 1,492,948

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) 1,458 1,590
Trade creditors 110,635 1,635,320
Amounts owed to group undertakings 513,129 794,087
Social security and other taxes 109,917 204,748
Accruals 21,255 16,301
756,394 2,652,046

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) - 1,458

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,458 1,590
Between one and five years - 1,458
1,458 3,048

Non-cancellable operating leases
2024 2023
£    £   
Within one year 89,067 65,335
Between one and five years 276,619 37,909
365,686 103,244

The total amount includes amounts under non cancellable operating leases for property rentals and other assets. The analysis is as follows :- Property rentals £347,630 (2023 £68,432) and other assets of £18,056 (2023 £34,812).

Dynamic Battery Services Limited (Registered number: 02902484)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,458 3,048

The assets on hire purchase are secured on the specific items to which they relate.

13. CALLED UP SHARE CAPITAL

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

14. RESERVES
Retained
earnings
£   

At 1 January 2024 1,894,203
Profit for the year 108,639
At 31 December 2024 2,002,842

15. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

16. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard F102 regarding transactions between fellow group companies.

17. ULTIMATE CONTROLLING PARTY

The parent company is Metair International Holdings Co-operatief U.A., incorporated in The Netherlands.

A copy of the consolidated financial statements can be obtained from the registered office of the ultimate controlling party, Metair Investments Limited, Suite 1, Ground Floor, Building 2, Oxford & Glenhove, 114 Oxford Road, Houghton Estate, Johannesburg, 2198.

There is no individual ultimate controlling party.