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REGISTERED NUMBER: SC508254 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

BMZ Dynamix Limited

BMZ Dynamix Limited (Registered number: SC508254)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BMZ Dynamix Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Z Langah
S J A Pollock





REGISTERED OFFICE: 12 Blackchapel Road
Edinburgh
EH15 3QU





REGISTERED NUMBER: SC508254 (Scotland)





ACCOUNTANTS: MMTI Ltd
Chartered Accountants
Monument House
215 Marsh Road
Pinner
HA5 5NE

BMZ Dynamix Limited (Registered number: SC508254)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 109,291 155,067
Tangible assets 5 6,340 10,751
Investment property 6 600,000 575,000
715,631 740,818

CURRENT ASSETS
Stocks 223,916 229,960
Debtors 2,830,091 3,059,885
Cash at bank and in hand 141,111 789,233
3,195,118 4,079,078
CREDITORS
Amounts falling due within one year 826,837 981,382
NET CURRENT ASSETS 2,368,281 3,097,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,083,912

3,838,514

PROVISIONS FOR LIABILITIES 28,929 21,792
NET ASSETS 3,054,983 3,816,722

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 49,990 49,990
Fair value reserve 7 75,602 56,852
Retained earnings 2,929,291 3,709,780
3,054,983 3,816,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BMZ Dynamix Limited (Registered number: SC508254)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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:





S J A Pollock - Director


BMZ Dynamix Limited (Registered number: SC508254)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

BMZ Dynamix Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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

Intangible fixed assets - brand fees
Brand fees are initially measured at cost. After initial recognition, brand fees have been measured at cost less any accumulated amoritsation and any accumulated impairment losses.

Brand fees are being amortised evenly over their estimated useful life of five years.

Intangible investment - cryptocurrencies
Cryptocurrencies have been recognised at cost and subsequently measured using the revaluation model, whereby the class of asset is revalued using the market rate as at the balance sheet date. Revaluation model has been adopted by the company because these investments have an active market.

Cryptocurrencies are not amortised because the company does not believe that the asset is suitable for amortisation.

If the carrying value of the asset class is increased as a result of a revaluation, the increase shall be recognised in other comprehensive income and accumulated in equity. However, the increase recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss.

The decrease in the carrying value (impairment) as a result of a revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated inequity. If a revaluation decrease exceeds the accumulated revaluation gains recognised in equity, the excess is recognised in profit and loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


BMZ Dynamix Limited (Registered number: SC508254)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 27 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 288,599
AMORTISATION
At 1 July 2023 133,532
Amortisation for year 31,881
Impairments 13,895
At 30 June 2024 179,308
NET BOOK VALUE

At 30 June 2024 109,291
At 30 June 2023 155,067

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 199,198
Additions 2,174
At 30 June 2024 201,372
DEPRECIATION
At 1 July 2023 188,447
Charge for year 6,585
At 30 June 2024 195,032
NET BOOK VALUE
At 30 June 2024 6,340
At 30 June 2023 10,751

BMZ Dynamix Limited (Registered number: SC508254)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 575,000
Revaluations 25,000
At 30 June 2024 600,000
NET BOOK VALUE
At 30 June 2024 600,000
At 30 June 2023 575,000

Freehold properties were valued on an open market basis on 30 June 2024 by a director of the company.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 15,802
Valuation in 2021 35,000
Valuation in 2022 23,396
Valuation in 2023 1,604
Valuation in 2024 25,000
Cost 499,198
600,000

7. RESERVES
Fair
value
reserve
£   
At 1 July 2023 56,852
Transfers 18,750

At 30 June 2024 75,602

8. RELATED PARTY DISCLOSURES

As of 30 June 2024, the company had a payable balance of £4,201 to a director, compared to £4,201 as of the previous year. These loan was unsecured, bore no interest, and were payable on demand.

Additionally, at the year-end, the company held receivables amounting to £2,688,751from entities under the common control of the director or their associates, a decrease from £2,798,831in the prior year. These loans were unsecured, bore no interest, and were repayable on demand.

Furthermore, during the year, the company levied a management fee of £2,400 (2022: £2,400) on an entity under common control.