Dynamique Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03468777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Dynamique Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G L Dobson

REGISTERED OFFICE:

Suite 47

235 Earls Court Road

London

SW5 9KE

REGISTERED NUMBER:

03468777 (England and Wales)

ACCOUNTANTS:

Thorne & Co.

Accountants

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

FIXED ASSETS

Intangible assets

3

30,000

100,000

Tangible assets

4

36

48

30,036

100,048

CURRENT ASSETS

Debtors

5

2,216

2,216

Cash at bank

14

21

2,230

2,237

CREDITORS

Amounts falling due within one year

6

15,572

14,141

NET CURRENT LIABILITIES

(13,342

)

(11,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,694

88,144

PROVISIONS FOR LIABILITIES

7

5,700

17,000

NET ASSETS

10,994

71,144

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

24,300

83,000

Retained earnings

(14,306

)

(12,856

)

SHAREHOLDERS' FUNDS

10,994

71,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 September 2020 and were signed by:

G L Dobson - Director

1.	STATUTORY INFORMATION

Dynamique Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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 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 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.

Departures from the requirements of the companies act

Development costs have been included at directors' valuation and are not depreciated. This is a

departure from Financial Reporting Standard 10. The director is of the opinion that the development

costs are of sufficient durability to justify this accounting policy.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in operational existence for the foreseeable future. The validity of this

assumption depends upon the continued support of the director while a return to profitable trading is

achieved.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 January 2019

100,000

Revaluations

(70,000

)

At 31 December 2019

30,000

NET BOOK VALUE

At 31 December 2019

30,000

At 31 December 2018

100,000

Cost or valuation at 31 December 2019 is represented by:

Other

intangible

assets

£

Valuation in 2019

(70,000

)

Valuation in 2018

(70,000

)

Valuation in 2016

(30,000

)

Valuation in 2014

(30,000

)

Valuation in 2013

230,000

30,000

The development costs class of intangible fixed assets was revalued on 31 December 2019 by G L

Dobson the director of the company. The basis of valuation was that made by the director. This class

of intangible asset has a current value of £30,000 (2018 - £100,000) and a carrying amount at

historical cost of £nil (2018 - £nil). The depreciation on the historical cost is £nil (2018 - £nil)

The last full valuation of the development costs was carried out on 31 December 2019

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2019

and 31 December 2019

6,633

DEPRECIATION

At 1 January 2019

6,585

Charge for year

12

At 31 December 2019

6,597

NET BOOK VALUE

At 31 December 2019

36

At 31 December 2018

48

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

2,216

2,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

1

-

VAT

8

159

Directors' current accounts

15,138

13,557

Accruals and deferred income

425

425

15,572

14,141

7.	PROVISIONS FOR LIABILITIES

31.12.19

31.12.18

£

£

Deferred tax

Other timing differences

5,700

17,000

Deferred

tax

£

Balance at 1 January 2019

17,000

Credit to Income Statement during year

(11,300

)

Balance at 31 December 2019

5,700

8.

RESERVES

Revaluation

reserve

£

At 1 January 2019

83,000

Revaluation during the year

(70,000

)

Deferred taxation arising on revaluation

11,300

At 31 December 2019

24,300