Company No: 13470837 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.07.2022
		£
Fixed assets
Intangible assets	3	100,000
		100,000
Current assets
Debtors	4	100
Cash at bank and in hand		2,612
		2,712
Creditors: amounts falling due within one year	5	( 10,455)
Net current liabilities		(7,743)
Total assets less current liabilities		92,257
Net assets		92,257
Capital and reserves
Called-up share capital	6	100
Other reserves		99,999
Profit and loss account		( 7,842 )
Total shareholders' funds		92,257

For the financial period ending 31 July 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Dynamic Intelligence Solutions Limited (registered number: 13470837) were approved and authorised for issue by the Director on 22 March 2023. They were signed on its behalf by:

R Gordon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Dynamic Intelligence Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor Whitefriars, Lewins Mead, Bristol, BS1 2NT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

10 years straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 22.06.2021 to 31.07.2022
	Number
Monthly average number of persons employed by the Company during the period, including directors	4

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 22 June 2021	0		0
Additions	100,000		100,000
At 31 July 2022	100,000		100,000
Accumulated amortisation
At 22 June 2021	0		0
At 31 July 2022	0		0
Net book value
At 31 July 2022	100,000		100,000

4. Debtors

	31.07.2022
	£
Other debtors	100

5. Creditors: amounts falling due within one year

	31.07.2022
	£
Amounts owed to fellow subsidiaries	9,001
Other taxation and social security	1,147
Other creditors	307
	10,455

6. Called-up share capital

	31.07.2022
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100

Upon incorporation the company issued 100 £1 shares. All shares were taken up at par value.

7. Related party transactions

At the balance sheet the company owed its immediate parent company £9,001.