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DYNAMITE FX LIMITED

Registered Number
08551494
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

DYNAMITE FX LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

KNIGHT, Joseph

Registered Address

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Registered Number

08551494 (England and Wales)
DYNAMITE FX LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets3129,62443,319
129,62443,319
Current assets
Debtors5,688,09969,558
Cash at bank and in hand14,495104,604
102,594174,162
102,594174,162
232,218217,481
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital100100
Revaluation reserve23,392-
Profit and loss account(8,766)88,417
914,72688,517
Liabilities
Creditors amounts falling due within one year7163,75789,411
Creditors amounts falling due after one year853,73539,553
232,218217,481
The financial statements were approved and authorised for issue by the Director on 23 March 2025, and are signed on its behalf by:
KNIGHT, Joseph
Director
Registered Company No. 08551494
DYNAMITE FX LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery10-
Vehicles-5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 July 23155,04916,908171,957
Additions59,65618,69978,355
Revaluations23,392-23,392
At 30 June 24238,09735,607273,704
Depreciation and impairment
At 01 July 23111,73016,908128,638
Charge for year12,6372,80515,442
At 30 June 24124,36719,713144,080
Net book value
At 30 June 24113,73015,894129,624
At 30 June 2343,319-43,319
4.Revaluation of property, plant and equipment

2024

2023

££
Plant and machinery23,392-
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6,79469,363
Other debtors77,555195
Total84,34969,558
6.Debtors: amounts due after one year

2024

2023

££
Prepayments and accrued income3,750-
Total3,750-
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables80,41358,117
Amounts owed to related parties61,500-
Taxation and social security21,84429,290
Other creditors-5
Accrued liabilities and deferred income-1,999
Total163,75789,411
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts53,73539,553
Total53,73539,553
9.Revaluation reserve

£
Revaluations of plant, property and equipment23,392
At 30 June 2423,392