ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 06260692

Dynamiq Engineering Limited

Unaudited

Financial statements

For the Year Ended 31 July 2025


Dynamiq Engineering Limited

Company Information

Directors	J L Hill
	I S Hill


Company secretary	J L Hill


Registered number	06260692


Registered office	Unit 3 Shackleton Way
	Stafford
	Staffordshire
	ST16 1GY


Accountants	Dains Audit Limited
	2 Chamberlain Square
	Birmingham
	B3 3AX


Bankers	Natwest Bank plc
	31 Market Sqare
	Rugeley
	Staffordshire
	WS15 2FA


Dynamiq Engineering Limited

Contents

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 13


Dynamiq Engineering Limited

Balance Sheet

As at 31 July 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		2,657,911		2,131,411
Investments	5		100		100
			2,658,011		2,131,511
Current assets
Debtors: amounts falling due within one year	6	10,505,410		1,908,040
Cash at bank and in hand	7	470,394		284,831
		10,975,804		2,192,871
Creditors: amounts falling due within one year	8	(9,551,325)		(617,167)
Net current assets			1,424,479		1,575,704
Total assets less current liabilities			4,082,490		3,707,215
Creditors: amounts falling due after more than one year	9		(383,687)		(551,298)
Deferred tax	12		(663,000)		(531,000)
Net assets			3,035,803		2,624,917

Capital and reserves
Called up share capital	13	2	2
Profit and loss account		3,035,801	2,624,915
Total shareholders' funds		3,035,803	2,624,917

Page 1


Dynamiq Engineering Limited Registered number:06260692

Balance Sheet (continued)

As at 31 July 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

___________________________

J L Hill

Director

Date: 16 April 2026

The notes on pages 3 to 13 form part of these financial statements.

Page 2


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

1.	General information

Dynamiq Engineering Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales under the Companies Act. The address of the registered office is given on the company information page. The princiapl activity of the company is given in the Directors' Report. The principal activity of the company is that of the provision of design and engineering services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in the Company's functional currency of GBP (Sterling). They are prepared to the nearest £1.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and therefore the parent and group are considered eligible for the exemption to prepare consolidated financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP. The financial statements are rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

2.Accounting policies (continued)

2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

2.6

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.7

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

Page 4


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

2.Accounting policies (continued)

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	33% straight line
Motor vehicles	-	20% striaght line
Fixtures and fittings	-	15% straight line
Computer equipment	-	25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.13

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.15

Creditors

Short term creditors are measured at the transaction price.

Page 6


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

2.Accounting policies (continued)

2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.17

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Page 7


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

2.Accounting policies (continued)

2.17

Financial instruments (continued)

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 34 (2024 - 35).

Page 8


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	2,233,572	12,500	192,087	153,081	2,591,240
Additions	614,525	-	158,817	53,032	826,374
Disposals	(67,000)	-	-	-	(67,000)
At 31 July 2025	2,781,097	12,500	350,904	206,113	3,350,614
Depreciation
At 1 August 2024	310,592	12,500	61,529	75,208	459,829
Charge for the year on owned assets	73,443	-	55,648	49,759	178,850
Charge for the year on financed assets	62,195	-	-	-	62,195
Disposals	(8,171)	-	-	-	(8,171)
At 31 July 2025	438,059	12,500	117,177	124,967	692,703
Net book value
At 31 July 2025	2,343,038	-	233,727	81,146	2,657,911
At 31 July 2024	1,922,980	-	130,558	77,873	2,131,411

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


	Plant and machinery	964,398	1,026,593

Page 9


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

5.	Fixed asset investments

		Investment in subsidiary company
		£
	Cost
	At 1 August 2024	100
	At 31 July 2025	100

	Net book value
	At 31 July 2025	100
	At 31 July 2024	100

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	562,344	379,357
Other debtors	8,530,786	714,938
Prepayments and accrued income	367,588	117,463
Tax recoverable	1,044,692	696,282
	10,505,410	1,908,040

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	470,394	284,831

Page 10


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loan	8,728	10,648
Trade creditors	474,847	316,499
Amounts owed to group undertakings	32,131	-
Other taxation and social security	81,023	63,148
Obligations under finance lease and hire purchase contracts	159,279	159,279
Other creditors	8,720,896	10,021
Accruals and deferred income	74,421	57,572
	9,551,325	617,167

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loan	-	8,332
Net obligations under finance leases and hire purchase contracts	383,687	542,966
	383,687	551,298

Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.

Page 11


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

Amounts falling due within one year
Bank loan	8,728	10,648
Amounts falling due 1-2 years
Bank loan	-	8,332
	8,728	18,980

The bank loan attracts interest of 2.5% and is being repaid via monthly payments of £887.

Within one year	159,279	159,279
Between 1-5 years	383,687	542,966
	542,966	702,245

Page 12


Dynamiq Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 July 2025

12.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(531,000)	(510,382)
Charged to profit or loss	(132,000)	(20,618)
At end of year	(663,000)	(531,000)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	664,000	532,000
Short term timing differences	(1,000)	(1,000)
	663,000	531,000

13.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) Ordinary shares of £1 each	2	2

14.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £46,305 (2024 - £35,288). Contributions totalling £6,653 (2024 - £5,088) were payable to the fund at the balance sheet date and are included in creditors.

15.	Controlling party

The company’s share capital is held wholly by the directors, J L Hill and I S Hill, in equal proportions, therefore there is no one ultimate controlling party.

Page 13