Silverfin false false 31/07/2024 01/08/2023 31/07/2024 J A Bishop 01/10/2024 M D Bull 01/03/2024 22/06/2021 R Gordon 01/10/2024 22/06/2021 M R Legh-Smith 30/11/2023 20/07/2021 M C Lupton 20/07/2021 M H K Purves 01/03/2024 S J Trist 01/12/2023 25 April 2025 The principal activity of the Company during the financial year was the development of artificial intelligence and machine learning. 13470837 2024-07-31 13470837 bus:Director1 2024-07-31 13470837 bus:Director2 2024-07-31 13470837 bus:Director3 2024-07-31 13470837 bus:Director4 2024-07-31 13470837 bus:Director5 2024-07-31 13470837 bus:Director6 2024-07-31 13470837 bus:Director7 2024-07-31 13470837 2023-07-31 13470837 core:CurrentFinancialInstruments 2024-07-31 13470837 core:CurrentFinancialInstruments 2023-07-31 13470837 core:ShareCapital 2024-07-31 13470837 core:ShareCapital 2023-07-31 13470837 core:OtherCapitalReserve 2024-07-31 13470837 core:OtherCapitalReserve 2023-07-31 13470837 core:RetainedEarningsAccumulatedLosses 2024-07-31 13470837 core:RetainedEarningsAccumulatedLosses 2023-07-31 13470837 core:ComputerSoftware 2023-07-31 13470837 core:ComputerSoftware 2024-07-31 13470837 core:ComputerEquipment 2023-07-31 13470837 core:ComputerEquipment 2024-07-31 13470837 bus:OrdinaryShareClass1 2024-07-31 13470837 2023-08-01 2024-07-31 13470837 bus:FilletedAccounts 2023-08-01 2024-07-31 13470837 bus:SmallEntities 2023-08-01 2024-07-31 13470837 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13470837 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13470837 bus:Director1 2023-08-01 2024-07-31 13470837 bus:Director2 2023-08-01 2024-07-31 13470837 bus:Director3 2023-08-01 2024-07-31 13470837 bus:Director4 2023-08-01 2024-07-31 13470837 bus:Director5 2023-08-01 2024-07-31 13470837 bus:Director6 2023-08-01 2024-07-31 13470837 bus:Director7 2023-08-01 2024-07-31 13470837 core:ComputerEquipment 2023-08-01 2024-07-31 13470837 2022-08-01 2023-07-31 13470837 core:ComputerSoftware 2023-08-01 2024-07-31 13470837 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 13470837 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13470837 (England and Wales)

DYNAMIC INTELLIGENCE SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

DYNAMIC INTELLIGENCE SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

DYNAMIC INTELLIGENCE SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
DYNAMIC INTELLIGENCE SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 242,415 171,436
Tangible assets 4 4,556 4,690
246,971 176,126
Current assets
Stocks 87,253 69,249
Debtors 5 100 4,663
Cash at bank and in hand 43,800 81,264
131,153 155,176
Creditors: amounts falling due within one year 6 ( 256,755) ( 243,378)
Net current liabilities (125,602) (88,202)
Total assets less current liabilities 121,369 87,924
Provision for liabilities ( 31,764) ( 9,097)
Net assets 89,605 78,827
Capital and reserves
Called-up share capital 7 100 100
Other reserves 99,999 99,999
Profit and loss account ( 10,494 ) ( 21,272 )
Total shareholders' funds 89,605 78,827

For the financial 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 financial statements of Dynamic Intelligence Solutions Limited (registered number: 13470837) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

J A Bishop
Director
DYNAMIC INTELLIGENCE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
DYNAMIC INTELLIGENCE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dynamic Intelligence Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor Whitefriars, Lewins Mead, Bristol, BS1 2NT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £89,605. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stock is made up of work in progress.

Work in progress is valued at the lower of cost and net realisable value. Costs includes all direct expenditure and an appropriate proportion of overheads. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Work in progress is recognised in cost of sales based on the proportion of costs incurred in the production of goods sold as a proportion of the estimated total costs of production.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 6

3. Intangible assets

Computer software Total
£ £
Cost
At 01 August 2023 171,436 171,436
Revaluations 70,979 70,979
At 31 July 2024 242,415 242,415
Accumulated amortisation
At 01 August 2023 0 0
At 31 July 2024 0 0
Net book value
At 31 July 2024 242,415 242,415
At 31 July 2023 171,436 171,436

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 August 2023 5,285 5,285
Additions 1,187 1,187
At 31 July 2024 6,472 6,472
Accumulated depreciation
At 01 August 2023 595 595
Charge for the financial year 1,321 1,321
At 31 July 2024 1,916 1,916
Net book value
At 31 July 2024 4,556 4,556
At 31 July 2023 4,690 4,690

5. Debtors

2024 2023
£ £
VAT recoverable 0 4,563
Other debtors 100 100
100 4,663

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,728 1,994
Amounts owed to Group undertakings 114,501 114,501
Amounts owed to associates 114,500 114,500
Accruals 2,500 2,500
Other taxation and social security 22,472 8,676
Other creditors 1,054 1,207
256,755 243,378

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 1,054 1,207

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amounts owed to an associated company 114,500 114,500
Amounts owed to its immediate parent company 114,501 114,501

The amounts are interest free with no fixed date for repayment.

10. Profit and loss account

2024 2023
£ £
Profit and loss account - distributable 12,624 (21,272)
Profit and loss account - non-distributable 99,999 99,999
112,623 78,727

Profit and loss account - distributable

This reserve represents the cumulative profits and losses that can be distributed.

Profit and loss account - non-distributable

This reserve represents the cumulative gains and losses that cannot be distributed.