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REGISTERED NUMBER: 11433211 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Dynamo 44 Ltd

Dynamo 44 Ltd (Registered number: 11433211)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dynamo 44 Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R A Gidden





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RY8 7LY





REGISTERED NUMBER: 11433211 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Dynamo 44 Ltd (Registered number: 11433211)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,829 20,695
Tangible assets 5 17,099 21,327
Investments 6 22,838 22,838
Investment property 7 2,155,450 2,108,978
2,215,216 2,173,838

CURRENT ASSETS
Stocks 44,761 459,007
Debtors 8 1,316,536 1,220,486
Cash at bank and in hand 45,405 106,635
1,406,702 1,786,128
CREDITORS
Amounts falling due within one year 9 2,205,111 3,888,918
NET CURRENT LIABILITIES (798,409 ) (2,102,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,416,807

71,048

CREDITORS
Amounts falling due after more than one
year

10

(402,841

)

-

PROVISIONS FOR LIABILITIES (2,875 ) (2,875 )
NET ASSETS 1,011,091 68,173

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,011,090 68,172
1,011,091 68,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Dynamo 44 Ltd (Registered number: 11433211)

Statement of Financial Position - continued
31 December 2023


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 18 August 2025 and were signed by:





R A Gidden - Director


Dynamo 44 Ltd (Registered number: 11433211)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Dynamo 44 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.

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.

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 twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Dynamo 44 Ltd (Registered number: 11433211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 21,632
AMORTISATION
At 1 January 2023 937
Charge for year 866
At 31 December 2023 1,803
NET BOOK VALUE
At 31 December 2023 19,829
At 31 December 2022 20,695

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 30,979
Additions 4,990
At 31 December 2023 35,969
DEPRECIATION
At 1 January 2023 9,652
Charge for year 9,218
At 31 December 2023 18,870
NET BOOK VALUE
At 31 December 2023 17,099
At 31 December 2022 21,327

Dynamo 44 Ltd (Registered number: 11433211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 22,838
NET BOOK VALUE
At 31 December 2023 22,838
At 31 December 2022 22,838

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,108,978
Additions 46,472
At 31 December 2023 2,155,450
NET BOOK VALUE
At 31 December 2023 2,155,450
At 31 December 2022 2,108,978

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 651,516 118,373
Other debtors 510,861 970,575
1,162,377 1,088,948

Amounts falling due after more than one year:
Other debtors 154,159 131,538

Aggregate amounts 1,316,536 1,220,486

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,318 -
Trade creditors 665,096 373,966
Taxation and social security 825,955 577,484
Other creditors 704,742 2,937,468
2,205,111 3,888,918

Dynamo 44 Ltd (Registered number: 11433211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 402,841 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 361,315 -

11. SECURED DEBTS

Praetura Invoice Finance Limited have a fixed and floating charge over all of the property and undertakings of the Company together with a negative pledge.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2023, R A Gidden and Mrs R Gidden, the Director and his wife owed the company £448,279 (2022 : £845,234). During the period there were withdrawals totalling £465,653 and repayments totalling £862,608. The maximum amount outstanding during the period was £3,320,627. This loan is repayable on demand and is interest free.

13. RELATED PARTY DISCLOSURES

As at 31 December 2023, TGS Products Ltd, a company controlled by R A Gidden, was owed £32,335 (2022 : £17,181 owed from TGS Products Ltd). This loan is repayable on demand and is interest free.

14. POST BALANCE SHEET EVENTS

In April 2023 the Company came to an agreement with a customer resulting in the release to profit of a provision which as at 31 December 2022 amounted to £2,453,635.