Silverfin false false 28/02/2024 01/03/2023 28/02/2024 L G Brew 12/02/1993 P W Swanson 12/02/1993 03 March 2025 The principal activities of the company in the year under review were those of the supply of technical and specialist information and seminars for the electronics industry. 02789259 2024-02-28 02789259 bus:Director1 2024-02-28 02789259 bus:Director2 2024-02-28 02789259 core:CurrentFinancialInstruments 2024-02-28 02789259 core:CurrentFinancialInstruments 2023-02-28 02789259 2023-02-28 02789259 core:ShareCapital 2024-02-28 02789259 core:ShareCapital 2023-02-28 02789259 core:RetainedEarningsAccumulatedLosses 2024-02-28 02789259 core:RetainedEarningsAccumulatedLosses 2023-02-28 02789259 core:OtherPropertyPlantEquipment 2023-02-28 02789259 core:OtherPropertyPlantEquipment 2024-02-28 02789259 bus:OrdinaryShareClass1 2024-02-28 02789259 2023-03-01 2024-02-28 02789259 bus:FilletedAccounts 2023-03-01 2024-02-28 02789259 bus:SmallEntities 2023-03-01 2024-02-28 02789259 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 02789259 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 02789259 bus:Director1 2023-03-01 2024-02-28 02789259 bus:Director2 2023-03-01 2024-02-28 02789259 2022-03-01 2023-02-28 02789259 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 02789259 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02789259 (England and Wales)

DYNAMIX TECHNOLOGY LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

DYNAMIX TECHNOLOGY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2024

Contents

DYNAMIX TECHNOLOGY LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2024
DYNAMIX TECHNOLOGY LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2024
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
DYNAMIX TECHNOLOGY LTD

BALANCE SHEET

AS AT 28 FEBRUARY 2024
DYNAMIX TECHNOLOGY LTD

BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2024
Note 2024 2023
£ £
Current assets
Debtors 4 0 820
Cash at bank and in hand 292 1,584
292 2,404
Creditors: amounts falling due within one year 5 ( 2,600) ( 1,800)
Net current (liabilities)/assets (2,308) 604
Total assets less current liabilities (2,308) 604
Net (liabilities)/assets ( 2,308) 604
Capital and reserves
Called-up share capital 6 600 600
Profit and loss account 8 ( 2,908 ) 4
Total shareholders' (deficit)/funds ( 2,308) 604

For the financial year ending 28 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 02789259) were approved and authorised for issue by the Board of Directors on 03 March 2025. They were signed on its behalf by:

P W Swanson
Director
DYNAMIX TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2024
DYNAMIX TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2024
1. Accounting policies

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.

General information and basis of accounting

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts and settlement discounts

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks,, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 4,468 4,468
At 28 February 2024 4,468 4,468
Accumulated depreciation
At 01 March 2023 4,468 4,468
At 28 February 2024 4,468 4,468
Net book value
At 28 February 2024 0 0
At 28 February 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 0 820

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 1,250
Amounts owed to directors 370 0
Accruals 2,230 550
2,600 1,800

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
600 Ordinary share shares of £ 1.00 each 600 600

7. Related party transactions

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.

8. Going Concern

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.