REGISTERED NUMBER: 06831813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CASH DYNAMICS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R D Belcher

Mr P M Barnett

REGISTERED OFFICE:

1-5 Fowler Road

Hainault Business Park

Hainault

Essex

IG6 3UT

REGISTERED NUMBER:

06831813 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

300,387

371,817

CURRENT ASSETS

Stocks

101,750

61,335

Debtors

1,221,352

1,196,754

Cash at bank

8,040

18,273

1,331,142

1,276,362

CREDITORS

Amounts falling due within one year

594,677

625,255

NET CURRENT ASSETS

736,465

651,107

TOTAL ASSETS LESS CURRENT LIABILITIES

1,036,852

1,022,924

CREDITORS

Amounts falling due after more than one year

(247,076

)

(325,280

)

PROVISIONS FOR LIABILITIES

(69,958

)

(80,968

)

NET ASSETS

719,818

616,676

CAPITAL AND RESERVES

Called up share capital

82

82

Capital redemption reserve

22

22

Retained earnings

719,714

616,572

SHAREHOLDERS' FUNDS

719,818

616,676

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 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

Mr R D Belcher - Director

1.	STATUTORY INFORMATION

Cash Dynamics Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

499,670

Additions

28,701

At 31 December 2024

528,371

DEPRECIATION

At 1 January 2024

127,853

Charge for year

100,131

At 31 December 2024

227,984

NET BOOK VALUE

At 31 December 2024

300,387

At 31 December 2023

371,817

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

27,390

Reclassification/transfer

493,017

At 31 December 2024

520,407

DEPRECIATION

Charge for year

99,288

Reclassification/transfer

(123,254

)

At 31 December 2024

(23,966

)

NET BOOK VALUE

At 31 December 2024

544,373

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

334,737

398,011

Factoring debt

39,051

39,051

373,788

437,062

Hire purchase contracts and invoice factoring debt is secured over the assets to which they relate.

6.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £88,750 (owed 2023: £116,250) by/(to) the directors of the company.

During the year, a director, who is also a minority shareholder in the parent company, provided consultancy services to Cash Dynamics Limited amounting to £23,638 (2023: £84,745).

Included in trade creditors is a balance amounting to £15,000 (2023: £24,911) owed to Teparay Precision Sheet Metal Limited, a company connected by virtue of common control.

Included in other creditors is a balance amounting to £150,000 (2023: nil) owed to Gaynes Park Property Limited, a company connected by virtue of common control.

Included in other debtors is a balance amounting to £18,000 (2023: £18,000) owed by Teparay Precision Sheet Metal Holdings Limited, £250,245 (2023: £400,000) owed by RDB3 Holdings Limited, £162,000 (2023: £162,000) owed by Teparay Precision Sheet Metal Limited and £2,268 (2023: £2,268) owed by RDB1 Holdings Limited, companies connected by virtue of common control.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.