Company No:
Contents
DIRECTORS | L G Brew |
P W Swanson |
SECRETARY | L G Brew |
REGISTERED OFFICE | 12a Station Field Industrial Estate |
Kidlington | |
OX5 1JD | |
United Kingdom |
COMPANY NUMBER | 02789259 (England and Wales) |
ACCOUNTANT | Shaw Gibbs Limited |
264 Banbury Road | |
Oxford | |
OX2 7DY |
Note | 2024 | 2023 | ||
£ | £ | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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292 | 2,404 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current (liabilities)/assets | (2,308) | 604 | ||
Total assets less current liabilities | (2,308) | 604 | ||
Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | 8 | (
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Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dynamix Technology Ltd (registered number:
P W Swanson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Dynamix Technology Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12a Station Field Industrial Estate, Kidlington, OX5 1JD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 March 2023 |
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At 28 February 2024 |
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Accumulated depreciation | |||
At 01 March 2023 |
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At 28 February 2024 |
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Net book value | |||
At 28 February 2024 |
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At 28 February 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to directors |
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Accruals |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with owners holding a participating interest in the entity
2024 | 2023 | ||
£ | £ | ||
Management and consultancy fees paid to the directors of the company | 3,120 | 2,610 |
P. W. Swanson and L.G. Brew were directors of the company during the year and owned the entire issued share capital equally between them.
The directors have decided to cease trading and take steps to close the company. The financial statements are not therefore prepared on a going concern basis and the carrying value of any assets has been reviewed by the directors for any potential impairment and are stated at recoverable value.