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Registered number: 03792113
Dynamic Air Conditioning Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03792113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,132 17,082
13,132 17,082
CURRENT ASSETS
Debtors 5 526,195 526,843
Cash at bank and in hand 41,994 71,385
568,189 598,228
Creditors: Amounts Falling Due Within One Year 6 (47,038 ) (58,143 )
NET CURRENT ASSETS (LIABILITIES) 521,151 540,085
TOTAL ASSETS LESS CURRENT LIABILITIES 534,283 557,167
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,032 ) (9,845 )
NET ASSETS 528,251 547,322
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 528,250 547,321
SHAREHOLDERS' FUNDS 528,251 547,322
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A P Abraham
Director
24 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dynamic Air Conditioning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03792113 . The registered office is 115 Woodland Road, Stanton, Burton-On-Trent, Staffordshire, DE15 9TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 6,333 88,231 2,738 97,302
Additions - - 416 416
As at 30 June 2024 6,333 88,231 3,154 97,718
Depreciation
As at 1 July 2023 6,299 71,787 2,134 80,220
Provided during the period 9 4,112 245 4,366
As at 30 June 2024 6,308 75,899 2,379 84,586
Net Book Value
As at 30 June 2024 25 12,332 775 13,132
As at 1 July 2023 34 16,444 604 17,082
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 525,680 525,680
VAT 459 1,107
Other taxes and social security 56 56
526,195 526,843
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 795 788
Director's loan account 46,243 57,355
47,038 58,143
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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