Dylogic Management Services Ltd - Accounts

Dylogic Management Services Ltd - Accounts

DYLOGIC MANAGEMENT SERVICES LTD - Company Information

Print Friendly Version

2019-05-23 2020-05-31 false Capium Accounts Production 1.1 12014911 bus:FullAccounts 2019-05-23 2020-05-31 12014911 bus:FRS102 2019-05-23 2020-05-31 12014911 bus:AuditExemptWithAccountantsReport 2019-05-23 2020-05-31 12014911 bus:SmallCompaniesRegimeForAccounts 2019-05-23 2020-05-31 12014911 bus:PrivateLimitedCompanyLtd 2019-05-23 2020-05-31 12014911 2019-05-23 2020-05-31 12014911 2020-05-31 12014911 bus:RegisteredOffice 2019-05-23 2020-05-31 12014911 core:WithinOneYear 2020-05-31 12014911 core:AfterOneYear 2020-05-31 12014911 bus:Director1 2019-05-23 2020-05-31 12014911 bus:Director1 2020-05-31 12014911 bus:Director2 2019-05-23 2020-05-31 12014911 bus:Director2 2020-05-31 12014911 2018-05-23 12014911 bus:CompanySecretary1 2019-05-23 2020-05-31 12014911 bus:LeadAgentIfApplicable 2019-05-23 2020-05-31 12014911 2019-05-22 12014911 bus:OrdinaryShareClass1 2019-05-23 2020-05-31 12014911 bus:OrdinaryShareClass1 2020-05-31 12014911 core:ComputerEquipment 2019-05-23 2020-05-31 12014911 core:ComputerEquipment 2020-05-31 12014911 core:ComputerEquipment 2019-05-22 12014911 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-05-31 12014911 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-05-22 12014911 core:OtherResidualIntangibleAssets 2019-05-23 2020-05-31 12014911 core:OtherResidualIntangibleAssets 2020-05-31 12014911 core:OtherResidualIntangibleAssets 2019-05-22 12014911 core:CostValuation core:Non-currentFinancialInstruments 2020-05-31 12014911 core:CostValuation core:Non-currentFinancialInstruments 2019-05-22 12014911 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2020-05-31 12014911 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2020-05-31 12014911 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2020-05-31 12014911 core:Non-currentFinancialInstruments 2020-05-31 12014911 core:Non-currentFinancialInstruments 2019-05-22 12014911 core:ShareCapital 2020-05-31 12014911 core:RetainedEarningsAccumulatedLosses 2020-05-31 12014911 dpl:Item1 2019-05-23 12014911 dpl:Item1 2020-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12014911
England and Wales

 

 

 

DYLOGIC MANAGEMENT SERVICES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 23 May 2019

End date: 31 May 2020

Dylogic Management Services Ltd
Contents Page
For the period ended 31 May 2020
Directors Darren Evans
Parminderjit Evans
Registered Number 12014911
Registered Office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants Cypher
Oxford House, John Smith Drive
Oxford Business Park South
Oxford
OX4 2JY
1
The directors present their annual report and the financial statements for the year ended 31 May 2020.
Principal activities
Principal activity of the company during the financial period was software development.
Directors
The directors who served the company throughout the period were as follows:
Darren Evans
Parminderjit Evans
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Darren Evans
Director

Date approved: 21 May 2021
2
 
 		 Notes
 		 2020
£
Fixed assets    
Intangible fixed assets 3 13,224 
Tangible fixed assets 4 358 
13,582 
Current assets    
Debtors 5 3,142 
Cash at bank and in hand 10,116 
13,258 
Creditors: amount falling due within one year 6 (1,834)
Net current assets 11,424 
 
Total assets less current liabilities 25,006 
Creditors: amount falling due after more than one year 7 (27,900)
Net liabilities (2,894)
 

Capital and reserves 		   
Called up share capital 8 100 
Profit and loss account (2,994)
Shareholders funds (2,894)
 


For the period ended 31 May 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 21 May 2021 and were signed on its behalf by:


--------------------------------
Darren Evans
Director
3
General Information
Dylogic Management Services Ltd is a private company, limited by shares,registered in England and Wales,registration number 12014911,registration address 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over 10 years during which the company is expected to benefit.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 years Straight Line
2.

Intangible fixed assets

Cost Development Costs   Total
  £   £
At 23 May 2019 -    - 
Additions 13,224    13,224 
Disposals -    - 
At 31 May 2020 13,224    13,224 
Amortisation
At 23 May 2019 -    - 
Charge for period -    - 
On disposals -    - 
At 31 May 2020 -    - 
Net book values
At 31 May 2020 13,224    13,224 
At 22 May 2019 -    - 


3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 23 May 2019 -    - 
Additions 444    444 
Disposals -    - 
At 31 May 2020 444    444 
Depreciation
At 23 May 2019 -    - 
Charge for period 86    86 
On disposals -    - 
At 31 May 2020 86    86 
Net book values
Closing balance as at 31 May 2020 358    358 
Opening balance as at 23 May 2019 -    - 


4.

Debtors: amounts falling due within one year

2020
£
VAT 3,142 
3,142 

5.

Creditors: amount falling due within one year

2020
£
Trade Creditors 1,330 
Accrued Expenses 504 
1,834 

6.

Creditors: amount falling due after more than one year

2020
£
Directors' Loan Accounts 27,900 
27,900 

7.

Share Capital

Allotted, called up and fully paid
2020
£
100 ordinary shares of £1.00 each 100 
100 

8.

Average number of employees

Average number of employees during the period was 0.
4