REGISTERED NUMBER: 02225242 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Dynafluid Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J N Ellis

M J Ellis

Ms C Cooper

SECRETARY:

D B Oakes

REGISTERED OFFICE:

D1 & D2 Halesfield 21

Telford

Shropshire

TF7 4NX

REGISTERED NUMBER:

02225242 (England and Wales)

AUDITORS:

WR Partners

Chartered Accountants and Statutory Auditor

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

Barclays Bank Plc

Church Street

Wellington

Shropshire

TF1 1DQ

FIXED ASSETS

Intangible assets

4

4,173

6,448

Property, plant and equipment

5

373,114

305,980

377,287

312,428

CURRENT ASSETS

Inventories

279,826

430,203

Debtors

6

650,651

367,981

Cash at bank and in hand

756,871

999,653

1,687,348

1,797,837

CREDITORS

Amounts falling due within one year

7

208,284

184,920

NET CURRENT ASSETS

1,479,064

1,612,917

TOTAL ASSETS LESS CURRENT LIABILITIES

1,856,351

1,925,345

CREDITORS

Amounts falling due after more than one year

8

(76,176

)

(115,920

)

PROVISIONS FOR LIABILITIES

(92,036

)

(74,979

)

NET ASSETS

1,688,139

1,734,446

CAPITAL AND RESERVES

Called up share capital

64,863

64,863

Share premium

3,890

3,890

Retained earnings

1,619,386

1,665,693

SHAREHOLDERS' FUNDS

1,688,139

1,734,446

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 24 November 2025 and were signed on its behalf by:

J N Ellis - Director

1.	STATUTORY INFORMATION

Dynafluid 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 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

11,377

AMORTISATION

At 1 March 2024

4,929

Charge for year

2,275

At 28 February 2025

7,204

NET BOOK VALUE

At 28 February 2025

4,173

At 29 February 2024

6,448

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

455,246

8,582

13,500

80,167

557,495

Additions

92,024

8,075

-

9,410

109,509

At 28 February 2025

547,270

16,657

13,500

89,577

667,004

DEPRECIATION

At 1 March 2024

159,370

-

13,500

78,645

251,515

Charge for year

39,939

858

-

1,578

42,375

At 28 February 2025

199,309

858

13,500

80,223

293,890

NET BOOK VALUE

At 28 February 2025

347,961

15,799

-

9,354

373,114

At 29 February 2024

295,876

8,582

-

1,522

305,980

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

462,377

265,989

Amounts owed by group undertakings

62,473

76,407

Other debtors

125,801

25,585

650,651

367,981

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

39,744

39,744

Trade creditors

75,590

66,176

Amounts owed to group undertakings

3,178

-

Taxation and social security

40,740

33,334

Other creditors

49,032

45,666

208,284

184,920

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

76,176

115,920

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

39,744

39,744

Between one and five years

76,176

115,920

115,920

155,664

Non-cancellable

operating leases

2025

2024

£

£

Within one year

15,675

17,747

Between one and five years

22,627

38,302

38,302

56,049

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Pierce (Senior Statutory Auditor)

for and on behalf of WR Partners

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

M J Ellis

Balance outstanding at start of year

-

-

Amounts advanced

88,008

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

88,008

-

The amount advanced to M J Ellis is repayable on demand. During the year no interest was charged on the balance.

12.	RELATED PARTY DISCLOSURES

Included in creditors amounts falling due within one year are amounts totalling £nil (2024 - £31,392) due to the directors of the company, these amounts are repayable on demand. During the year no interest was paid on the balances.

Included in amounts owed by group undertakings is an interest free loan of £189,132 (2024 - £307,749) due from Wrekin Shell Mouldings Limited, it's ultimate parent undertaking.

Included in other creditors is an interest free loan of £36,388 (2024 - £2) due to Gresswell Valves Limited, a company under common control..

During the year the company paid a dividend of £145,457 (2024 - £145,457) to Wrekin Shell Mouldings Limited. The company also paid dividends totalling £3,728 (2024 - £3,728) to the directors of the company.

13.	ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking of the company is Wrekin Shell Mouldings Limited.

The registered office and business address of Wrekin Shell Mouldings Limited is Units D1 and D2, Halesfield 21, Telford, TF7 4NX.

The group accounts of Wrekin Shell Mouldings Limited are available from Companies House.