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REGISTERED NUMBER: 02959603 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Personnel Dynamics Limited

Personnel Dynamics Limited (Registered number: 02959603)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Personnel Dynamics Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs A Storey
Miss J Gibbons
Mrs K Whitemore





REGISTERED OFFICE: King William Iv House Byttom Hill
Mickleham
Dorking
Surrey
RH5 6EL





REGISTERED NUMBER: 02959603 (England and Wales)





ACCOUNTANTS: Bedford Accountants Limited
Bedford Heights
Brickhill Drive
Bedford
Bedfordshire
MK41 7PH

Personnel Dynamics Limited (Registered number: 02959603)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111 277
111 277

CURRENT ASSETS
Debtors 6 49,915 59,087
Cash at bank 137,119 146,337
187,034 205,424
CREDITORS
Amounts falling due within one year 7 107,127 124,578
NET CURRENT ASSETS 79,907 80,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,018

81,123

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 80,016 81,121
80,018 81,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Personnel Dynamics Limited (Registered number: 02959603)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




Mrs A Storey - Director Miss J Gibbons - Director




Mrs K Whitemore - Director


Personnel Dynamics Limited (Registered number: 02959603)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Personnel Dynamics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Taxation
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 statement of financial position date.


Personnel Dynamics Limited (Registered number: 02959603)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 10,000
Reclassification/transfer (10,000 )
At 31 December 2024 -
AMORTISATION
At 1 January 2024 10,000
Reclassification/transfer (10,000 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Personnel Dynamics Limited (Registered number: 02959603)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 3,828 7,566 11,394
Transfer to ownership (3,828 ) - (3,828 )
At 31 December 2024 - 7,566 7,566
DEPRECIATION
At 1 January 2024 3,828 7,289 11,117
Charge for year - 166 166
Transfer to ownership (3,828 ) - (3,828 )
At 31 December 2024 - 7,455 7,455
NET BOOK VALUE
At 31 December 2024 - 111 111
At 31 December 2023 - 277 277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 49,400 58,418
Prepayments 515 669
49,915 59,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 37,221 55,782
Tax 19,797 19,603
Social security and other taxes - 78
VAT 7,239 15,170
Other creditors - 2,520
Directors' current accounts 579 -
Accruals and deferred income 42,291 29,905
Accrued expenses - 1,520
107,127 124,578