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Company registration number:
SC511081
Dynam-Nic Dance Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2024
Dynam-Nic Dance Ltd
Statement of Financial Position
31 July 2024
20242023
££
Fixed assets
105,171
 
130,035
 
   
Current assets
53,165
 
41,903
 
Prepayments and accrued income
16,019
 
18,465
 
Creditors: amounts falling due within one year
(107,260
 )
(125,387
 )
Net current liabilities
(38,076
 )
(65,019
 )
Total assets less current liabilities
67,095
 
65,016
 
Creditors: amounts falling due after more than one year
(60,351
 )
(83,056
 )
Accruals and deferred income
(2,367
 )
(1,353
 )
Net assets/(liabilities)
4,377
 
(19,393
 )
   
Capital and reserves
4,377
 
(19,393
 )

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
Dn Studios
,
9b South Gyle Crescent
,
Edinburgh
,
EH12 9EB
, Scotland.

2 Average number of employees

The average number of persons employed by the company during the year was
5
(2023:
4.00
).

3 Directors' advances, credit and guarantees

At the year end the company owed the Directors, Lindsay and Nicola Bleakley £13,285 (2023: £36,518). The loan was unsecured, interest free and there were no fixed terms for repayment. During the year dividends totalling £22,000 were paid to the same directors.

4 Guarantees and other financial commitments

The bank loan is secured by a floating charge over the total assets of the company.
The company holds a lease for the dance studio at 9b South Gyle Crescent for 10 years from October 2021 at a rent of £45,000 per annum with an upward rent review after five years. There is a break option at the 5th year anniversary date.
For the year ending
31 July 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.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
2 April 2025
, and are signed on behalf of the board by:
L Bleakley
Director
Company registration number:
SC511081