DYNAMIC YACHT MANAGEMENT LIMITED - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09183473 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

DYNAMIC YACHT MANAGEMENT LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Report of the accountants

5

Directors:

G S Ahluwalia

S S Khehar

Secretary:

Registered office:

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

Registered number:

09183473 (England and Wales)

Accountants:

S S KHEHAR ACCOUNTANCY SERVICES LIMITED

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

Current assets

Investments

4

20,000

20,000

Cash at bank

48,140

33,796

68,140

53,796

Creditors

Amounts falling due within one year

5

49,355

4,709

Net current assets

18,785

49,087

Total assets less current liabilities

18,785

49,087

Capital and reserves

Called up share capital

100

100

Retained earnings

6

18,685

48,987

Shareholders' funds

18,785

49,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 14 March 2023 and were signed on its behalf by:

G S Ahluwalia - Director

1.	Statutory information

DYNAMIC YACHT MANAGEMENT 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.

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

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

3.	Employees and directors

The average number of employees during the year was NIL (2021 - NIL).

4.	Current asset investments

2022

2021

£

£

Other

20,000

20,000

5.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

3,600

-

Taxation and social security

2,744

3,922

Other creditors

43,011

787

49,355

4,709

6.

Reserves

Retained

earnings

£

At 1 September 2021

48,987

Profit for the year

11,698

Dividends

(42,000

)

At 31 August 2022

18,685

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

S S KHEHAR ACCOUNTANCY SERVICES LIMITED

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

14 March 2023