2023-06-01 2024-05-31 false Capium Accounts Production 1.1 12014911 2023-06-01 2024-05-31 12014911 bus:FullAccounts 2023-06-01 2024-05-31 12014911 bus:FRS102 2023-06-01 2024-05-31 12014911 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12014911 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12014911 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12014911 2023-06-01 2024-05-31 12014911 2024-05-31 12014911 bus:RegisteredOffice 2023-06-01 2024-05-31 12014911 core:WithinOneYear 2024-05-31 12014911 core:AfterOneYear 2024-05-31 12014911 1 2023-06-01 2024-05-31 12014911 bus:Director1 2023-06-01 2024-05-31 12014911 bus:Director1 2024-05-31 12014911 bus:Director1 2022-06-01 2023-05-31 12014911 2022-06-01 12014911 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 12014911 2022-06-01 2023-05-31 12014911 2023-05-31 12014911 core:WithinOneYear 2023-05-31 12014911 core:AfterOneYear 2023-05-31 12014911 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 12014911 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 12014911 bus:OrdinaryShareClass1 2024-05-31 12014911 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 12014911 bus:OrdinaryShareClass1 2023-05-31 12014911 core:ComputerEquipment 2023-06-01 2024-05-31 12014911 core:ComputerEquipment 2024-05-31 12014911 core:ComputerEquipment 2023-05-31 12014911 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 12014911 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 12014911 core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 12014911 core:OtherResidualIntangibleAssets 2024-05-31 12014911 core:OtherResidualIntangibleAssets 2023-05-31 12014911 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 12014911 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 12014911 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 12014911 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 12014911 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 12014911 core:Non-currentFinancialInstruments 2024-05-31 12014911 core:Non-currentFinancialInstruments 2023-05-31 12014911 core:ShareCapital 2024-05-31 12014911 core:ShareCapital 2023-05-31 12014911 core:SharePremium 2024-05-31 12014911 core:SharePremium 2023-05-31 12014911 core:RetainedEarningsAccumulatedLosses 2024-05-31 12014911 core:RetainedEarningsAccumulatedLosses 2023-05-31 12014911 dpl:Item1 2023-06-01 12014911 dpl:Item1 2024-05-31 12014911 dpl:Item1 2022-06-01 12014911 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12014911
England and Wales

 

 

 

DYLOGIC MANAGEMENT SERVICES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 15,572    25,391 
Tangible fixed assets 4 599    899 
16,171    26,290 
Current assets      
Debtors 5 5,201    1,770 
Cash at bank and in hand 96,454    23,184 
101,655    24,954 
Creditors: amount falling due within one year 6 (47,013)   (32,066)
Net current assets 54,642    (7,112)
 
Total assets less current liabilities 70,813    19,178 
Creditors: amount falling due after more than one year 7 (35,161)   (43,212)
Provisions for liabilities 8 (3,072)   (4,995)
Net assets 32,580    (29,029)
 

Capital and reserves
     
Called up share capital 9 114    102 
Share premium account 10 155,147   
Profit and loss account (122,681)   (29,131)
Shareholders' funds 32,580    (29,029)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 February 2025 and were signed on its behalf by:


-------------------------------
Darren Evans
Director
1
General Information
Dylogic Management Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12014911, registration address Monkswell, Little Baldon, Oxford, OX44 9PU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are not yet amortised as projects are still under development. Once the projects are complete, amortisation will be at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Development expenditures
Research and development expenditure is capitalised as an intangible asset as the directors are satisfied as to the technical, commercial and financial viability of the project. Development expenditure will be amortised over 3 years during which the company is expected to benefit.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).
3.

Intangible fixed assets

Cost Development Costs   Total
  £   £
At 01 June 2023 62,994    62,994 
Additions 9,690    9,690 
Disposals  
At 31 May 2024 72,684    72,684 
Amortisation
At 01 June 2023 37,603    37,603 
Charge for year 19,509    19,509 
On disposals  
At 31 May 2024 57,112    57,112 
Net book values
At 31 May 2024 15,572    15,572 
At 31 May 2023 25,391    25,391 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 June 2023 1,343    1,343 
Additions  
Disposals  
At 31 May 2024 1,343    1,343 
Depreciation
At 01 June 2023 444    444 
Charge for year 300    300 
On disposals  
At 31 May 2024 744    744 
Net book values
Closing balance as at 31 May 2024 599    599 
Opening balance as at 01 June 2023 899    899 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 1,133    1,509 
VAT 4,068    261 
5,201    1,770 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,136    1 
Bank Loans & Overdrafts 6,914    1,581 
PAYE & Social Security 627   
Directors' Current Accounts 38,336    30,484 
47,013    32,066 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 35,161    43,212 
35,161    43,212 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 4,995    4,995 
Charged to Profit & Loss (1,923)  
3,072    4,995 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,137,071 Class A shares of £0.0001 each 114    102 
114    102 
Share Capital
During the period 116,661 ordinary shares of £0.0001 per share were issued at par. 

10.

Share premium account

2024
£
  2023
£
Equity Share Premium - New Issue 155,147   
155,147   
Share Premium
During the period 116,661 ordinary shares were issued at a premium of £1.3299 per share. 

2