IRIS Accounts Production v25.1.3.33 03547192 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035471922023-08-31035471922024-08-31035471922023-09-012024-08-31035471922022-08-31035471922022-09-012023-08-31035471922023-08-3103547192ns15:EnglandWales2023-09-012024-08-3103547192ns14:PoundSterling2023-09-012024-08-3103547192ns10:Director12023-09-012024-08-3103547192ns10:Director22023-09-012024-08-3103547192ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3103547192ns10:SmallEntities2023-09-012024-08-3103547192ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3103547192ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3103547192ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103547192ns10:FullAccounts2023-09-012024-08-310354719212023-09-012024-08-3103547192ns10:RegisteredOffice2023-09-012024-08-3103547192ns5:CurrentFinancialInstruments2024-08-3103547192ns5:CurrentFinancialInstruments2023-08-3103547192ns5:ShareCapital2024-08-3103547192ns5:ShareCapital2023-08-3103547192ns5:RetainedEarningsAccumulatedLosses2024-08-3103547192ns5:RetainedEarningsAccumulatedLosses2023-08-3103547192ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3103547192ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3103547192ns5:LeaseholdImprovements2023-09-012024-08-3103547192ns5:PlantMachinery2023-09-012024-08-3103547192ns5:FurnitureFittings2023-09-012024-08-3103547192ns5:ComputerEquipment2023-09-012024-08-3103547192ns5:IntangibleAssetsOtherThanGoodwill2023-08-3103547192ns5:IntangibleAssetsOtherThanGoodwill2024-08-3103547192ns5:IntangibleAssetsOtherThanGoodwill2023-08-3103547192ns5:LeaseholdImprovements2023-08-3103547192ns5:PlantMachinery2023-08-3103547192ns5:FurnitureFittings2023-08-3103547192ns5:ComputerEquipment2023-08-3103547192ns5:LeaseholdImprovements2024-08-3103547192ns5:PlantMachinery2024-08-3103547192ns5:FurnitureFittings2024-08-3103547192ns5:ComputerEquipment2024-08-3103547192ns5:LeaseholdImprovements2023-08-3103547192ns5:PlantMachinery2023-08-3103547192ns5:FurnitureFittings2023-08-3103547192ns5:ComputerEquipment2023-08-3103547192ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3103547192ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3103547192ns5:WithinOneYear2024-08-3103547192ns5:WithinOneYear2023-08-31
REGISTERED NUMBER: 03547192 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FHS DYNAMICS LIMITED

FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FHS DYNAMICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: C Olsen
E C Hunter Smart





REGISTERED OFFICE: Albion Close
SLOUGH
Berkshire
SL2 5DT





REGISTERED NUMBER: 03547192 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 852 994
Tangible assets 5 138,572 197,073
139,424 198,067

CURRENT ASSETS
Stocks 455,520 615,290
Debtors 6 344,432 516,053
Cash at bank and in hand 397,549 348,395
1,197,501 1,479,738
CREDITORS
Amounts falling due within one year 7 548,997 520,478
NET CURRENT ASSETS 648,504 959,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,928

1,157,327

PROVISIONS FOR LIABILITIES 34,377 46,486
NET ASSETS 753,551 1,110,841

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 753,549 1,110,839
SHAREHOLDERS' FUNDS 753,551 1,110,841

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

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

The directors acknowledge their 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.

FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)

BALANCE SHEET - continued
31 AUGUST 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 and authorised for issue by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:




C Olsen - Director



E C Hunter Smart - Director


FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)

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

1. STATUTORY INFORMATION

FHS Dynamics Limited is a private company, limited by shares, registered in England and Wales. Its registered office and principal place of business is 1 Albion Close, Slough, Berks, SL2 5DT.

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 and on a going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 33% on cost, 25% on cost, 15% on cost and 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 1,420
AMORTISATION
At 1 September 2023 426
Charge for year 142
At 31 August 2024 568
NET BOOK VALUE
At 31 August 2024 852
At 31 August 2023 994

FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 16,875 741,045 78,759 72,027 908,706
Additions - 25,730 - - 25,730
Disposals - (93,445 ) - - (93,445 )
At 31 August 2024 16,875 673,330 78,759 72,027 840,991
DEPRECIATION
At 1 September 2023 932 617,930 29,922 62,849 711,633
Charge for year 1,688 7,336 7,191 3,437 19,652
Eliminated on disposal - (28,866 ) - - (28,866 )
At 31 August 2024 2,620 596,400 37,113 66,286 702,419
NET BOOK VALUE
At 31 August 2024 14,255 76,930 41,646 5,741 138,572
At 31 August 2023 15,943 123,115 48,837 9,178 197,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 311,117 371,679
Amounts owed by group undertakings 1,050 122,457
Other debtors 32,265 21,917
344,432 516,053

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 115,882 90,511
Amounts owed to group undertakings - 174,108
Taxation and social security 237,405 137,585
Other creditors 195,710 118,274
548,997 520,478

FHS DYNAMICS LIMITED (REGISTERED NUMBER: 03547192)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year - 3,215