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Registered number: 09597831
Dynamic Network Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Ejike Amadi & Co.
Berkley HOUSE
18-24 High Street
Edgware
Edgware
HA8 7RP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09597831
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 6,623 6,487
Investments 5 30,000 30,000
Cash at bank and in hand 372 474
36,995 36,961
Creditors: Amounts Falling Due Within One Year 6 (2,968 ) (812 )
NET CURRENT ASSETS (LIABILITIES) 34,027 36,149
TOTAL ASSETS LESS CURRENT LIABILITIES 34,027 36,149
Creditors: Amounts Falling Due After More Than One Year 7 (26,293 ) (27,779 )
NET ASSETS 7,734 8,370
CAPITAL AND RESERVES
Called up share capital 8 10 10
Income Statement 7,724 8,360
SHAREHOLDERS' FUNDS 7,734 8,370
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Osarieme Olaye
Director
10/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dynamic Network Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09597831 . The registered office is 12 Straford Way, , Ebbsfleet, Northfleet, Kent, DA11 8GQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Leasehold 20
Plant & Machinery 25
Motor Vehicles 20
Fixtures & Fittings 20
Computer Equipment 33.3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,623 6,487
5. Current Asset Investments
2024 2023
£ £
Unlisted investments 30,000 30,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 2,968 812
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,293 27,779
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4