Dynistics_Limited - Accounts

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Dynistics Limited

Unaudited Abbreviated Accounts

For the Period ended 31 December 2015

Company Registration No. 03968449 (England and Wales)

Dynistics Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

Dynistics Limited

Abbreviated Balance Sheet

As at 31 December 2015

Page 1

2015

2014

Notes

Fixed assets

Tangible assets

20,528

24,982

Current assets

Debtors

440,607

265,545

Cash at bank and in hand

124,731

1,047,653

565,338

1,313,198

Creditors: amounts falling due within one year

(569,310)

(618,724)

Net current liabilities/(assets)

(3,972)

694,474

Total assets less current liabilities

16,556

719,456

Capital and reserves

Called up share capital

100

Profit and loss account

16,456

719,356

Shareholders' funds

16,556

719,456

For the financial period ended 31 December 2015 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 June 2016

Mr A Richardson

Director

Company Registration No. 03968449

Dynistics Limited

Notes to the Abbreviated Accounts

For the period ended 31 December 2015

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents net invoiced sale of services, excluding VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% on reducing balance

Fixtures, fittings & equipment

20% on reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Dynistics Limited

Notes to the Abbreviated Accounts (Continued)

For the period ended 31 December 2015

Page 3

Fixed assets

Tangible assets

Cost

At 1 July 2014

60,659

Additions

9,352

Disposals

(9,476)

At 31 December 2015

60,535

Depreciation

At 1 July 2014

35,677

On disposals

(6,722)

Charge for the period

11,052

At 31 December 2015

40,007

Net book value

At 31 December 2015

20,528

At 30 June 2014

24,982

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Control

The company is under the control of Hearn Capital Limited who own 100% of the company's issued share capital.

On 3 March 2015, the 100% of the company's share capital was purchased by Hearn Capital Limited from Dynistics Holdings Limited.