REGISTERED NUMBER: 15639645 (England and Wales)

Unaudited Financial Statements

for the Period 12 April 2024 to 31 March 2025

for

Dynamic Steel Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

623,712

CURRENT ASSETS

Cash at bank

100

CREDITORS

Amounts falling due within one year

5

50,261

NET CURRENT LIABILITIES

(50,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

573,551

CREDITORS

Amounts falling due after more than one year

6

360,000

NET ASSETS

213,551

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

213,451

213,551

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 23 December 2025 and were signed on its behalf by:

M A Walker - Director

Mrs D Walker - Director

1.	STATUTORY INFORMATION

Dynamic Steel Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15639645

Registered office:

28 Leeds Road

Mirfield

United Kingdom

West Yorkshire

WF14 0DA

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.

Preparation of consolidated financial statements

The financial statements contain information about Dynamic Steel Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Investments in subsidiaries

The component parts of the investment in subsidiary are initially measured as follows:

1. initial consideration measured at transaction price inclusive of acquisition costs

2. deferred consideration which is known with certainty measured at transaction price

3. contingent consideration measured at fair value, begin the present value of expected future payments.

There is considerable estimation uncertainty in regards to the contingent consideration payments. The primary driver for the estimation uncertainty are the profits achieved by the subsidiary over a period of 6 years from completion, and the quantum of any upstream dividends paid from the trading subsidiary.

At the end of each reporting period, the contingent consideration element will be subsequently remeasured and any resultant change will be applied to the carrying value of the investment.

Similarly at the end of each reporting period, the financial asset will be assessed fro objective evidence of impairment, and any such impairment will be recognised in the profit and loss account.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivable, cash and bank balances, and investments are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such transactions are subsequently carried at amortize cost using the effective interest method.

At the end of the reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. Impairment losses are recognised in the profit and loss account.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, other loan, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost using the effective interest rate method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

623,712

At 31 March 2025

623,712

NET BOOK VALUE

At 31 March 2025

623,712

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

50,261

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

360,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

81,592