Company Registration No. 07606138 (England and Wales)
Dynamo Communications Ltd
Unaudited accounts
for the year ended 31 March 2020
Dynamo Communications Ltd
Unaudited accounts
Contents
Dynamo Communications Ltd
Company Information
for the year ended 31 March 2020
Directors
Paul Terence Cockerton
Peter Bowles
Company Number
07606138 (England and Wales)
Registered Office
Zetland House
5-25 Scrutton Street
London
EC2A 4HJ
Dynamo Communications Ltd
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
31,480
1,400
Creditors: amounts falling due within one year
(109,392)
(213,850)
Net current (liabilities)/assets
(40,687)
45,266
Total assets less current liabilities
(40,687)
58,997
Creditors: amounts falling due after more than one year
(30,535)
(55,881)
Provisions for liabilities
Net (liabilities)/assets
(71,222)
724
Called up share capital
204
204
Profit and loss account
(71,426)
520
Shareholders' funds
(71,222)
724
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2020 and were signed on its behalf by
Paul Terence Cockerton
Director
Company Registration No. 07606138
Dynamo Communications Ltd
Notes to the Accounts
for the year ended 31 March 2020
Dynamo Communications Ltd is a private company, limited by shares, registered in England and Wales, registration number 07606138. The registered office is Zetland House, 5-25 Scrutton Street, London, EC2A 4HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance basis
Computer equipment
33% on straight line basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
9,173
27,819
36,992
Disposals
(9,173)
(27,819)
(36,992)
At 1 April 2019
5,448
18,952
24,400
Charge for the year
931
4,625
5,556
On disposals
(6,379)
(23,577)
(29,956)
At 31 March 2019
3,725
8,867
12,592
Dynamo Communications Ltd
Notes to the Accounts
for the year ended 31 March 2020
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 April 2019
4
1,135
1,139
Fair value adjustments
-
(760)
(760)
Valuation at 31 March 2020
-
-
-
Trade debtors
24,733
86,658
Accrued income and prepayments
-
9,309
Other debtors
12,492
161,749
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
17,144
28,253
Obligations under finance leases and hire purchase contracts
-
11,597
Trade creditors
10,631
77,997
Amounts owed to group undertakings and other participating interests
-
765
Taxes and social security
63,415
65,252
8
Creditors: amounts falling due after more than one year
2020
2019
9
Transactions with related parties
The company is a subsidiary of a related group of companies. Dureing the year the following transactions occured between the companies
Purchases from Dynamo Communications Inc £23,930
Purchases from Clarity London Ltd: £37,987
The above transactions were made on normal commerical terms.
As at 31st March 2020 the comppany was owed £12,492 by Clarity London Ltd. No interest is being charged in respect to this loan.
10
Average number of employees
During the year the average number of employees was 11 (2019: 15).
