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REGISTERED NUMBER: 02145720 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DYNAMIC SYSTEMS ID LTD
TRADING AS
LOTUS LABELS

DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNAMIC SYSTEMS ID LTD
TRADING AS LOTUS LABELS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: A Schillinger





SECRETARY: A Schillinger





REGISTERED OFFICE: 1 Park View
Alder Close
Eastbourne
East Sussex
BN23 6QE





REGISTERED NUMBER: 02145720 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 295,541 336,770

CURRENT ASSETS
Stocks 168,207 188,404
Debtors 5 156,432 140,636
Cash at bank and in hand 411,693 240,220
736,332 569,260
CREDITORS
Amounts falling due within one year 6 318,094 232,154
NET CURRENT ASSETS 418,238 337,106
TOTAL ASSETS LESS CURRENT LIABILITIES 713,779 673,876

PROVISIONS FOR LIABILITIES 69,228 74,437
NET ASSETS 644,551 599,439

CAPITAL AND RESERVES
Called up share capital 8 10,060 10,060
Capital redemption reserve 2,363 2,363
Retained earnings 632,128 587,016
SHAREHOLDERS' FUNDS 644,551 599,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:





A Schillinger - Director


DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Dynamic Systems ID Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

Stock
Stock and work in progress are valued at the lower of cost and the estimated amount realisable from the disposal in the normal course of business. Cost comprises expenditure directly incurred in purchasing or manufacturing the stock and bringing it to its current state plus an allocation of normal overhead expenditure attributable to the processes through which it has passed.

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.


DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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
Pensions are funded by way of monthly contributions to defined contribution pension schemes. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions are charged to the profit and loss account in the year in which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 77,854 945,813 45,719 73,292 1,142,678
Additions - 40,488 2,148 6,878 49,514
At 31 December 2024 77,854 986,301 47,867 80,170 1,192,192
DEPRECIATION
At 1 January 2024 77,854 643,085 30,540 54,429 805,908
Charge for year - 79,056 4,692 6,995 90,743
At 31 December 2024 77,854 722,141 35,232 61,424 896,651
NET BOOK VALUE
At 31 December 2024 - 264,160 12,635 18,746 295,541
At 31 December 2023 - 302,728 15,179 18,863 336,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,418 118,046
Other debtors 20,014 22,590
156,432 140,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 92,570 107,616
Taxation and social security 113,520 104,362
Other creditors 112,004 20,176
318,094 232,154

DYNAMIC SYSTEMS ID LTD (REGISTERED NUMBER: 02145720)
TRADING AS LOTUS LABELS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 59,004 59,004
Between one and five years 118,008 177,012
177,012 236,016

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 A Ordinary shares £1 10,000 10,000
15 B Ordinary shares £1 15 15
15 C Ordinary shares £1 15 15
15 D Ordinary shares £1 15 15
15 E Ordinary shares £1 15 15
10,060 10,060

All share classes rank pari passu.

9. ULTIMATE CONTROLLING PARTY

Dynamic Systems (UK) Ltd purchased the entire share capital of the company and became the controlling party with effect from 4 February 2014.

Dynamic Systems (UK) Ltd is 60% owned by Dynamic Holdings GMBH, a company incorporated in Germany. That company is the ultimate controlling party of the company by virtue of its majority ownership of the Dynamic Systems (UK) Ltd.