Dynamic Tape Global Ltd 12815691 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Retail sale of medical and orthopaedic goods not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 12815691 2023-09-01 2024-08-31 12815691 2024-08-31 12815691 core:CurrentFinancialInstruments 2024-08-31 12815691 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12815691 core:FurnitureFittingsToolsEquipment 2024-08-31 12815691 bus:SmallEntities 2023-09-01 2024-08-31 12815691 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12815691 bus:FullAccounts 2023-09-01 2024-08-31 12815691 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12815691 bus:RegisteredOffice 2023-09-01 2024-08-31 12815691 bus:Director1 2023-09-01 2024-08-31 12815691 bus:Director2 2023-09-01 2024-08-31 12815691 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12815691 bus:Agent1 2023-09-01 2024-08-31 12815691 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 12815691 core:OfficeEquipment 2023-09-01 2024-08-31 12815691 countries:EnglandWales 2023-09-01 2024-08-31 12815691 2023-08-31 12815691 core:FurnitureFittingsToolsEquipment 2023-08-31 12815691 2022-09-01 2023-08-31 12815691 2023-08-31 12815691 core:CurrentFinancialInstruments 2023-08-31 12815691 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12815691 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 12815691

Dynamic Tape Global Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Dynamic Tape Global Ltd

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Dynamic Tape Global Ltd

Company Information

Directors

Mr Ryan Kendrick

Mr William Cogley

Registered office

Origin Workspace
40 Berkeley Square
Bristol
BS8 1HP

Accountants

Comera Accountants Limited Origin Workspace
40 Berkeley Square
Bristol
BS8 1HP

 

Dynamic Tape Global Ltd

Directors' Report for the Year Ended 31 August 2024

The directors present their report and the financial statements for the year ended 31 August 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Ryan Kendrick

Mr William Cogley

Principal activity

The principal activity of the company is Retail sale of medical and orthopaedic goods not elsewhere classified

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

.........................................
Mr William Cogley
Director

 

Dynamic Tape Global Ltd

Profit and Loss Account for the Year Ended 31 August 2024

Note

2024
£

2023
£

Turnover

 

602,412

1,306,801

Cost of sales

 

(436,001)

(579,955)

Gross profit

 

166,411

726,846

Administrative expenses

 

(145,193)

(711,005)

Operating profit

 

21,218

15,841

Interest payable and similar expenses

 

(9,733)

(9,393)

Profit before tax

4

11,485

6,448

Tax on profit

 

-

(1,299)

Profit for the financial year

 

11,485

5,149

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Dynamic Tape Global Ltd

(Registration number: 12815691)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

558

937

Current assets

 

Debtors

6

58,180

320,772

Cash at bank and in hand

 

13,234

70,918

 

71,414

391,690

Creditors: Amounts falling due within one year

7

(26,977)

(361,252)

Net current assets

 

44,437

30,438

Net assets

 

44,995

31,375

Capital and reserves

 

Called up share capital

1

1

Retained earnings

44,994

31,374

Shareholders' funds

 

44,995

31,375

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

.........................................
Mr William Cogley
Director

 

Dynamic Tape Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Origin Workspace
40 Berkeley Square
Bristol
BS8 1HP

These financial statements were authorised for issue by the Board on 18 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Dynamic Tape Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Dynamic Tape Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

379

387

 

Dynamic Tape Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

1,513

1,513

At 31 August 2024

1,513

1,513

Depreciation

At 1 September 2023

576

576

Charge for the year

379

379

At 31 August 2024

955

955

Carrying amount

At 31 August 2024

558

558

At 31 August 2023

937

937

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

19,942

241,123

Amounts owed by related parties

9,487

15,986

Other debtors

 

28,751

63,663

   

58,180

320,772

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

26,977

359,954

Taxation and social security

-

1,298

26,977

361,252