Company registration number 7768930 (England and Wales)
DYNAMICS MANAGEMENT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DYNAMICS MANAGEMENT SERVICES LIMITED
COMPANY INFORMATION
Director
Mr S Batra
Secretary
Mrs N Batra
Company number
7768930
Registered office
2 Hugh Parke Close
Loughton
Milton Keynes
MK5 8FG
Accountants
Koshal Associates (Chartered Accountants)
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
DYNAMICS MANAGEMENT SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
DYNAMICS MANAGEMENT SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DYNAMICS MANAGEMENT SERVICES LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dynamics Management Services Limited for the year ended 30 September 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
It is your duty to ensure that Dynamics Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dynamics Management Services Limited. You consider that Dynamics Management Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Dynamics Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Koshal Associates (Chartered Accountants)
6 March 2025
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
DYNAMICS MANAGEMENT SERVICES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
322,686
327,207
Current assets
Debtors
4
85,791
61,493
Cash at bank and in hand
86,405
95,395
172,196
156,888
Creditors: amounts falling due within one year
5
(36,354)
(21,925)
Net current assets
135,842
134,963
Total assets less current liabilities
458,528
462,170
Creditors: amounts falling due after more than one year
6
(106,058)
(117,591)
Net assets
352,470
344,579
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
352,466
344,575
Total equity
352,470
344,579
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 6 March 2025
Mr S Batra
Director
DYNAMICS MANAGEMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
Dynamics Management Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Hugh Parke Close, Loughton, Milton Keynes, MK5 8FG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
NIL
Fixtures and fittings
25% on reducing balance
Computer equipment
25% on reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
DYNAMICS MANAGEMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 October 2023
304,436
36,801
2,713
343,950
Additions
1,562
1,562
At 30 September 2024
304,436
38,363
2,713
345,512
Depreciation and impairment
At 1 October 2023
15,458
1,285
16,743
Depreciation charged in the year
5,726
357
6,083
At 30 September 2024
21,184
1,642
22,826
Carrying amount
At 30 September 2024
304,436
17,179
1,071
322,686
At 30 September 2023
304,436
21,343
1,428
327,207
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
38,698
14,400
Other debtors
47,093
47,093
85,791
61,493
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,072
8,559
Trade creditors
2,382
270
Corporation tax
15,613
4,935
Other taxation and social security
3,816
1,530
Other creditors
4,471
6,631
36,354
21,925
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
106,058
117,591
DYNAMICS MANAGEMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
7
Related party transactions
1. During the year Consultancy fees of £138,250 (2023 - £115,000) were received from a Company in which they have a director in common.
2. Trade Debtors include a sum of £38,700 (2023 - £14,400) owed by a Company in which they have a common director.