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Registered number: 09917544
Ex Dynamics Ltd
Unaudited Financial Statements
For The Year Ended 30 December 2024
mca business ltd
4 - 6 The Wharf Centre
Wharf Street
Warwick
Warwickshire
CV34 5LB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09917544
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,673 16,494
Tangible Assets 5 2,500 5,657
10,173 22,151
CURRENT ASSETS
Debtors 6 566,652 988,036
Cash at bank and in hand 58,249 2,227
624,901 990,263
Creditors: Amounts Falling Due Within One Year 7 (90,722 ) (89,015 )
NET CURRENT ASSETS (LIABILITIES) 534,179 901,248
TOTAL ASSETS LESS CURRENT LIABILITIES 544,352 923,399
Creditors: Amounts Falling Due After More Than One Year 8 (14,499 ) (399,401 )
NET ASSETS 529,853 523,998
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 529,753 523,898
SHAREHOLDERS' FUNDS 529,853 523,998
Page 1
Page 2
For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Neil Barton
Director
Mr Luke Halton
Director
06/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ex Dynamics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09917544 . The registered office is 4 & 5 Whitehill Buildings Whitehill Farm, Stratford-Upon-Avon, Warwickshire, CV37 8BW.
The presentation currency of the financial statements is the Pound Sterling (£).
All monetary amounts are rounded to the nearest pound.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Computer Equipment 25%
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 31 December 2023 15,000 56,238 71,238
As at 30 December 2024 15,000 56,238 71,238
Amortisation
As at 31 December 2023 15,000 39,744 54,744
Provided during the period - 8,821 8,821
As at 30 December 2024 15,000 48,565 63,565
Net Book Value
As at 30 December 2024 - 7,673 7,673
As at 31 December 2023 - 16,494 16,494
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 31 December 2023 10,538 3,713 14,251
As at 30 December 2024 10,538 3,713 14,251
Depreciation
As at 31 December 2023 6,399 2,195 8,594
Provided during the period 2,108 1,049 3,157
As at 30 December 2024 8,507 3,244 11,751
Net Book Value
As at 30 December 2024 2,031 469 2,500
As at 31 December 2023 4,139 1,518 5,657
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 449,094
Prepayments and accrued income - 277
Pension Fund - 233
Corporation tax recoverable assets - 4,546
Amounts owed by group undertakings 566,652 533,886
566,652 988,036
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,143 18,297
Bank loans and overdrafts 11,201 1,881
VAT 16,019 7,993
Net wages - 167
Other creditors 19,440 1,108
P.A.Y.E 33,744 13,092
Accruals and deferred income 7,175 46,477
90,722 89,015
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,499 35,019
Amounts owed to group undertakings - 364,382
14,499 399,401
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5