Dynamik Services Ltd

Dynamik Services Ltd

DYNAMIK SERVICES LTD - Company Information

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1 November 2019 false Taxfiler 2021.8 09244364business:PrivateLimitedCompanyLtd2019-11-012020-10-31 092443642019-10-31 092443642019-11-012020-10-31 09244364business:AuditExemptWithAccountantsReport2019-11-012020-10-31 09244364business:FullAccounts2019-11-012020-10-31 092443642020-10-31 092443642019-10-31 09244364core:WithinOneYear2020-10-31 09244364core:WithinOneYear2019-10-31 09244364core:ShareCapital2020-10-31 09244364core:ShareCapital2019-10-31 09244364core:RetainedEarningsAccumulatedLosses2020-10-31 09244364core:RetainedEarningsAccumulatedLosses2019-10-31 09244364business:SmallEntities2019-11-012020-10-31 09244364business:Director12019-11-012020-10-31 09244364countries:EnglandWales2019-11-012020-10-31 09244364business:RegisteredOffice2019-11-012020-10-31 09244364core:FurnitureFittings2019-11-012020-10-31 09244364core:FurnitureFittings2019-10-31 09244364core:FurnitureFittings2020-10-31 092443642018-11-012019-10-31 iso4217:GBP xbrli:pure
Company Registration No. 09244364 (England and Wales)
Dynamik Services Ltd Unaudited accounts for the year ended 31 October 2020
Dynamik Services Ltd Unaudited accounts Contents
Page
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Dynamik Services Ltd Statement of financial position as at 31 October 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,296 
3,275 
Current assets
Debtors
5
199,336 
80,035 
Cash at bank and in hand
102,233 
247,844 
301,569 
327,879 
Creditors: amounts falling due within one year
6
(252,607)
(292,020)
Net current assets
48,962 
35,859 
Net assets
50,258 
39,134 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
50,248 
39,124 
Shareholders' funds
50,258 
39,134 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 30 July 2021 and were signed on its behalf by
Mr Kasilingam Yohamoorty Director Company Registration No. 09244364
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Dynamik Services Ltd Notes to the Accounts for the year ended 31 October 2020
1
Statutory information
Dynamik Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09244364. The registered office is 14 Village Way East, Harrow, HA2 7LU, England.
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.
3
Accounting policies
These financial statements for the year ended 31 October 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2018. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Straight Line @ 20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2019
9,895 
At 31 October 2020
9,895 
Depreciation
At 1 November 2019
6,620 
Charge for the year
1,979 
At 31 October 2020
8,599 
Net book value
At 31 October 2020
1,296 
At 31 October 2019
3,275 
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Dynamik Services Ltd Notes to the Accounts for the year ended 31 October 2020
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Other debtors
199,336 
80,035 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
85,892 
69,674 
Taxes and social security
107,666 
156,726 
Other creditors
59,049 
65,620 
252,607 
292,020 
7
Average number of employees
During the year the average number of employees was 2 (2019: 3).
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