REGISTERED NUMBER: 08551494 (England and Wales)

DYNAMITE FX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Deeker

Mrs J C Deeker

T J Griffiths

REGISTERED OFFICE:

Common Farm Cottage

The Common

Damerham

Fordingbridge

SP6 3HR

REGISTERED NUMBER:

08551494 (England and Wales)

BANKERS:

HSBC

10 Market Place

Hinckley

Leicestershire

LE10 1NU

FIXED ASSETS

Tangible assets

4

95,667

129,624

CURRENT ASSETS

Debtors

5

27,655

95,347

Cash at bank

7,320

14,495

34,975

109,842

CREDITORS

Amounts falling due within one year

6

(190,465

)

(200,075

)

NET CURRENT LIABILITIES

(155,490

)

(90,233

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,823

)

39,391

PROVISIONS FOR LIABILITIES

8

(13,982

)

-

NET (LIABILITIES)/ASSETS

(73,805

)

39,391

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

-

23,392

Retained earnings

(73,905

)

15,899

(73,805

)

39,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 15 December 2025 and were signed on its behalf by:

G J Deeker - Director

1.	STATUTORY INFORMATION

Dynamite FX 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

At the balance sheet date the company has net liabilities, and is dependent upon the support of its creditors to continue trading. The directors have indicated that this support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

Turnover

Revenue from the sale of goods is recognized when the company has transferred to the buyer the significant risks and rewards of ownership, which generally occurs when the goods are delivered and the passing of legal title. Recognition is appropriate only when the revenue amount can be measured reliably, it is probable that the economic benefits arising from the transaction will flow to the company, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

10% Reducing balance

Motor vehicles

-

Straight line over 5 years

All fixed assets are initially recorded at cost. Property, plant, and equipment used in the company’s principal activities, whether for the production and supply of goods or for administrative purposes, are presented in the balance sheet under the historic cost model. Under this model, assets are carried at cost less accumulated depreciation and any impairment losses.

Taxation

Taxation for the period 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 period 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.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of inte

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 July 2024

238,097

35,607

273,704

Additions

832

-

832

Revaluations

(23,392

)

-

(23,392

)

At 31 March 2025

215,537

35,607

251,144

DEPRECIATION

At 1 July 2024

124,367

19,713

144,080

Charge for period

8,592

2,805

11,397

At 31 March 2025

132,959

22,518

155,477

NET BOOK VALUE

At 31 March 2025

82,578

13,089

95,667

At 30 June 2024

113,730

15,894

129,624

Cost or valuation at 31 March 2025 is represented by:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Valuation in 2024

23,392

-

23,392

Valuation in 2025

(23,392

)

-

(23,392

)

Cost

215,537

35,607

251,144

215,537

35,607

251,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,389

13,992

Other debtors

12,266

81,355

27,655

95,347

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

53,036

53,735

Trade creditors

58,255

80,371

Taxation and social security

38,874

4,124

Other creditors

40,300

61,845

190,465

200,075

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Business Loan

14,813

18,114

The business loan is secured on the asset to which it relates to.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

13,982

-

Deferred tax

£

Provided during period

13,982

Balance at 31 March 2025

13,982

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Pains Fireworks Limited.

The ultimate controlling party is G Deeker.