2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 52,340 6,346 58,686 15,386 10,182 25,568 33,118 36,954 52,511 21,692 30,634 61,453 61,453 52,511 xbrli:pure xbrli:shares iso4217:GBP 11579089 2023-10-01 2024-09-30 11579089 2024-09-30 11579089 2023-09-30 11579089 2022-10-01 2023-09-30 11579089 2023-09-30 11579089 2022-09-30 11579089 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 11579089 bus:Director1 2023-10-01 2024-09-30 11579089 core:WithinOneYear 2024-09-30 11579089 core:WithinOneYear 2023-09-30 11579089 core:ShareCapital 2024-09-30 11579089 core:ShareCapital 2023-09-30 11579089 core:RetainedEarningsAccumulatedLosses 2024-09-30 11579089 core:RetainedEarningsAccumulatedLosses 2023-09-30 11579089 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 11579089 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 11579089 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 11579089 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 11579089 core:Non-currentFinancialInstruments 2024-09-30 11579089 core:Non-currentFinancialInstruments 2023-09-30 11579089 bus:SmallEntities 2023-10-01 2024-09-30 11579089 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11579089 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11579089 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11579089 bus:FullAccounts 2023-10-01 2024-09-30 11579089 bus:OrdinaryShareClass1 2024-09-30 11579089 bus:OrdinaryShareClass1 2023-09-30 11579089 core:ComputerEquipment 2023-10-01 2024-09-30 11579089 core:ComputerEquipment 2023-09-30 11579089 core:ComputerEquipment 2024-09-30 11579089 core:KeyManagementPersonnel 2024-09-30 11579089 core:KeyManagementPersonnel 2023-09-30
COMPANY REGISTRATION NUMBER: 11579089
Dymaxion Technology Limited
Filleted Unaudited Financial Statements
30 September 2024
Dymaxion Technology Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
33,118
36,954
Investments
6
61,453
52,511
--------
--------
94,571
89,465
Current assets
Cash at bank and in hand
2,915
1,539
Creditors: amounts falling due within one year
7
15,725
25,774
--------
--------
Net current liabilities
12,810
24,235
--------
--------
Total assets less current liabilities
81,761
65,230
--------
--------
Net assets
81,761
65,230
--------
--------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
81,661
65,130
--------
--------
Shareholders funds
81,761
65,230
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dymaxion Technology Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr A J Tweed
Director
Company registration number: 11579089
Dymaxion Technology Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2023
52,340
52,340
Additions
6,346
6,346
--------
--------
At 30 September 2024
58,686
58,686
--------
--------
Depreciation
At 1 October 2023
15,386
15,386
Charge for the year
10,182
10,182
--------
--------
At 30 September 2024
25,568
25,568
--------
--------
Carrying amount
At 30 September 2024
33,118
33,118
--------
--------
At 30 September 2023
36,954
36,954
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 October 2023
52,511
Disposals
( 21,692)
Revaluations
30,634
--------
At 30 September 2024
61,453
--------
Impairment
At 1 October 2023 and 30 September 2024
--------
Carrying amount
At 30 September 2024
61,453
--------
At 30 September 2023
52,511
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
3,012
2,940
Director loan accounts
12,713
22,834
--------
--------
15,725
25,774
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Related party transactions
At the year-end the company owed the directors £ 12,713 (2023: £ 22,834 ) by means of a directors loan account which is shown in creditors.