Dynamic Lives Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04459284 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Dynamic Lives Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Burdon

REGISTERED OFFICE:

78 York Street

London

W1H 1DP

REGISTERED NUMBER:

04459284 (England and Wales)

ACCOUNTANTS:

EWP Limited

20 Anchor Terrace

3-13 Southwark Bridge Road

London

SE1 9HQ

FIXED ASSETS

Intangible assets

4

33,669

37,877

Tangible assets

5

10,098

20,088

43,767

57,965

CURRENT ASSETS

Debtors

6

110,690

317,073

Prepayments and accrued income

196,156

509,739

Cash at bank

91,251

247,395

398,097

1,074,207

CREDITORS

Amounts falling due within one year

7

438,196

1,128,328

NET CURRENT LIABILITIES

(40,099

)

(54,121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,668

3,844

PROVISIONS FOR LIABILITIES

1,918

2,415

NET ASSETS

1,750

1,429

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,740

1,419

SHAREHOLDERS' FUNDS

1,750

1,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 30 April 2021 and were signed by:

G Burdon - Director

1.	STATUTORY INFORMATION

Dynamic Lives 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

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

Turnover represents net amounts invoiced for holidays with a departure date in the year, not including value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of ten 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

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 4 years

Motor vehicles

-

Straight line over 4 years

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2019

and 30 April 2020

42,086

AMORTISATION

At 1 May 2019

4,209

Charge for year

4,208

At 30 April 2020

8,417

NET BOOK VALUE

At 30 April 2020

33,669

At 30 April 2019

37,877

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2019

and 30 April 2020

81,028

10,123

7,667

98,818

DEPRECIATION

At 1 May 2019

68,507

8,690

1,533

78,730

Charge for year

7,474

982

1,534

9,990

At 30 April 2020

75,981

9,672

3,067

88,720

NET BOOK VALUE

At 30 April 2020

5,047

451

4,600

10,098

At 30 April 2019

12,521

1,433

6,134

20,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other debtors

110,690

317,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

4,035

28,467

Taxation and social security

45,359

45,621

Other creditors

388,802

1,054,240

438,196

1,128,328

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end G Burdon has a debit balance of £91,058 (2019: £25,167) on his director's loan account. The loan was repaid within 9 months of the year-end.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is G Burdon.