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Company Registration No. 09748535 (England and Wales)
Dynergy Distribution EU Ltd Filleted accounts for the year ended 31 May 2024
Dynergy Distribution EU Ltd Filleted accounts Contents
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Dynergy Distribution EU Ltd Company Information for the year ended 31 May 2024
Director
Mark Allan McKenna
Company Number
09748535 (England and Wales)
Registered Office
Unit 3 Ursula Lapp Estate Old Oak Lane London NW10 6UD
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Dynergy Distribution EU Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
5,032,637 
5,351,301 
Cash at bank and in hand
536,722 
224,568 
5,569,359 
5,575,869 
Creditors: amounts falling due within one year
(2,639)
(14,432)
Net current assets
5,566,720 
5,561,437 
Net assets
5,566,720 
5,561,437 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,566,620 
5,561,337 
Shareholders' funds
5,566,720 
5,561,437 
For the year ending 31 May 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 26 February 2025 and were signed on its behalf by
Mark Allan McKenna Director Company Registration No. 09748535
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Dynergy Distribution EU Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Dynergy Distribution EU Ltd is a private company, limited by shares, registered in England and Wales, registration number 09748535. The registered office is Unit 3 Ursula Lapp Estate, Old Oak Lane, London, NW10 6UD.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,573 
- 
Trade debtors
13,989 
55,485 
Other debtors
2,390 
- 
18,952 
55,485 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
5,013,685 
5,295,816 
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Dynergy Distribution EU Ltd Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
250 
2,230 
Taxes and social security
1,239 
11,152 
Accruals
1,150 
1,050 
2,639 
14,432 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
As at 31 May 2024, the company owed Dynergy Ltd £5,013,685 (2023 - £5,295,816), a company in which the Director, Mr Mark McKenna has 100% controlling interest.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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