DYNEVAL LIMITED


Directors	DOBSON, James George
	JOHNSTON, Craig
	MARTINEZ, Vincent
	WOOD, Tiffany


Registered Address	3rd Floor, City Point
	65 Haymarket Terrace
	Edinburgh
	EH12 5HD


Registered Number	SC659307 (Scotland)

Statement of Financial Position
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		2,127,432		1,713,120
Tangible assets	4		23,962		26,820
			2,151,394		1,739,940
Current assets
Stocks	5	89,139		128,904
Debtors	6	165,153		54,787
Cash at bank and on hand		126,236		109,445
		380,528		293,136
Creditors amounts falling due within one year	7	(358,836)		(198,217)
Net current assets (liabilities)			21,692		94,919
Total assets less current liabilities			2,173,086		1,834,859
Creditors amounts falling due after one year	8		(224,647)		(85,014)
Net assets			1,948,439		1,749,845
Capital and reserves
Called up share capital			2,813		2,813
Share premium			2,100,658		2,100,658
Profit and loss account			(155,032)		(353,626)
Shareholders' funds			1,948,439		1,749,845

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 June 2026, and are signed on its behalf by:

WOOD, Tiffany
Director
Registered Company No. SC659307

DYNEVAL LIMITED

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The Directors have prepared detailed forecasts, inclusive of sensitivity analysis and as at the date of signing the accounts, the company was on track to fulfil the forecasted commercial traction. On this basis and with the ongoing support of the shareholder base, the Directors believe that the company can continue trading for a period of at least 12 months from the date of signing these financial statements and therefore the financial statements have been prepared on a going concern basis.

Going concern

The Directors have prepared detailed forecasts, inclusive of sensitivity analysis and as at the date of signing the accounts, the company was on track to fulfil the forecasted commercial traction. On this basis and with the ongoing support of the shareholder base, the Directors believe that the company can continue trading for a period of at least 12 months from the date of signing these financial statements and therefore the financial statements have been prepared on a going concern basis.

	Judgements and key sources of estimation uncertainty
	The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Research and development
	Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale - There is the intention to complete the intangible asset and use or sell it. - There is the ability to use or sell the intangible asset. - The use or sale of the intangible asset will generate probable future economic benefits. -There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset. - The expenditure attributable to the intangible asset during its development can be measure reliably. Expenditure that does not meet the above criteria is expensed as incured.

Research and development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

- It is technically feasible to complete the intangible asset so that it will be available for use or sale
- There is the intention to complete the intangible asset and use or sell it.
- There is the ability to use or sell the intangible asset.
- The use or sale of the intangible asset will generate probable future economic benefits.
-There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset.
- The expenditure attributable to the intangible asset during its development can be measure reliably.

Expenditure that does not meet the above criteria is expensed as incured.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	3
	Fixtures and fittings	3
	Office Equipment	4

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transactions, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transactions, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	11		14

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 May 25	1,817,541	1,817,541
Additions	435,936	435,936
Disposals	(428)	(428)
At 30 April 26	2,253,049	2,253,049
Amortisation and impairment
At 01 May 25	104,421	104,421
Charge for year	21,196	21,196
At 30 April 26	125,617	125,617
Net book value
At 30 April 26	2,127,432	2,127,432
At 30 April 25	1,713,120	1,713,120

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 May 25	45,356	27,625	28,715	101,696
Additions	-	8,500	431	8,931
At 30 April 26	45,356	36,125	29,146	110,627
Depreciation and impairment
At 01 May 25	42,770	15,436	16,670	74,876
Charge for year	2,586	6,183	3,020	11,789
At 30 April 26	45,356	21,619	19,690	86,665
Net book value
At 30 April 26	-	14,506	9,456	23,962
At 30 April 25	2,586	12,189	12,045	26,820

5.	Stocks

	2026	2025
	£	£
Raw materials and consumables	89,139	128,904
Total	89,139	128,904

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	48,579	24,213
Other debtors	109,714	21,697
Prepayments and accrued income	6,860	8,877
Total	165,153	54,787

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	53,462	17,663
Bank borrowings and overdrafts	160,388	66,849
Taxation and social security	7,518	14,327
Other creditors	71,798	10,259
Accrued liabilities and deferred income	65,670	89,119
Total	358,836	198,217

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	224,647	85,014
Total	224,647	85,014