Dynamic System Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12110322 (England and Wales)

Dynamic System Consultants Limited

Unaudited Financial Statements

for the Period 18 July 2019 to 31 July 2020

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,752

CURRENT ASSETS

Debtors

5

45,103

CREDITORS

Amounts falling due within one year

6

(21,010

)

NET CURRENT ASSETS

24,093

TOTAL ASSETS LESS CURRENT LIABILITIES

29,845

CREDITORS

Amounts falling due after more than one year

7

(29,250

)

NET ASSETS

595

CAPITAL AND RESERVES

Called up share capital

5

Retained earnings

590

595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 April 2021 and were signed on its behalf by:

Osman Haider Mughal - Director

1.	STATUTORY INFORMATION

Dynamic System Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12110322

Registered office:

32 Salisbury Road

Moseley

Birmingham

B13 8JT

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

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

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

-

20% on cost

Government grants

Coronavirus Job Retention Scheme grant was received during the year and recognised in other operating income.

Taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

6,781

At 31 July 2020

6,781

DEPRECIATION

Charge for period

1,029

At 31 July 2020

1,029

NET BOOK VALUE

At 31 July 2020

5,752

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,220

Other debtors

33,883

45,103

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

4,751

Trade creditors

11

Taxation and social security

10,205

Other creditors

6,043

21,010

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

29,250

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2020:

£

Osman Haider Mughal

Balance outstanding at start of period

-

Amounts advanced

23,554

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

23,554

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Osman Haider Mughal.