Dynahurst Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01679820 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

DYNAHURST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Dewhurst

Mrs C V Dewhurst

Mrs G Shaw

SECRETARY:

Mrs C V Dewhurst

REGISTERED OFFICE:

327 Clifton Drive South

Lytham St. Annes

Lancashire

FY8 1HN

REGISTERED NUMBER:

01679820 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

BANKERS:

NatWest Bank plc

Stone Staffs Branch

Granville Square

Stone

Staffordshire

ST18 8AE

FIXED ASSETS

Tangible assets

4

81,045

101,307

CURRENT ASSETS

Debtors

5

1,109,252

623,684

Cash at bank

663,224

541,284

1,772,476

1,164,968

CREDITORS

Amounts falling due within one year

6

1,170,879

619,062

NET CURRENT ASSETS

601,597

545,906

TOTAL ASSETS LESS CURRENT LIABILITIES

682,642

647,213

CREDITORS

Amounts falling due after more than one year

7

37,872

52,399

NET ASSETS

644,770

594,814

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

634,770

584,814

SHAREHOLDERS' FUNDS

644,770

594,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 12 January 2022 and were signed on its behalf by:

Mr D Dewhurst - Director

1.	STATUTORY INFORMATION

Dynahurst 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2020

and 30 November 2021

7,257

32,326

143,686

183,269

DEPRECIATION

At 1 December 2020

7,141

28,099

46,722

81,962

Charge for year

23

846

19,393

20,262

At 30 November 2021

7,164

28,945

66,115

102,224

NET BOOK VALUE

At 30 November 2021

93

3,381

77,571

81,045

At 30 November 2020

116

4,227

96,964

101,307

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2020

and 30 November 2021

89,926

DEPRECIATION

At 1 December 2020

35,970

Charge for year

10,791

At 30 November 2021

46,761

NET BOOK VALUE

At 30 November 2021

43,165

At 30 November 2020

53,956

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

1,090,615

595,657

Bank trade debtor financing

18,637

20,993

Directors' current accounts

-

1,660

Prepayments

-

5,374

1,109,252

623,684

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Hire purchase contracts

14,527

14,527

Trade creditors

1,107,210

575,849

Tax

16,910

7,108

Social security and other taxes

2,119

3,697

VAT

22,636

9,401

Directors' current accounts

5,477

6,480

Accrued expenses

2,000

2,000

1,170,879

619,062

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Hire purchase contracts

37,872

52,399

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.21

30.11.20

£

£

Hire purchase contracts

52,399

66,926

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.21

30.11.20

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.