Dynamo Creative Marketing Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02613642 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

DYNAMO CREATIVE MARKETING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H C V Jones

REGISTERED OFFICE:

7 St John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

02613642 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

BANKERS:

Lloyds Bank

33 Packhorse Road

Gerrards Cross

Buckinghamshire

SL9 8PF

CURRENT ASSETS

Debtors

4

372

372

Cash at bank

242

133

614

505

CREDITORS

Amounts falling due within one year

5

343,546

342,805

NET CURRENT LIABILITIES

(342,932

)

(342,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(342,932

)

(342,300

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(342,934

)

(342,302

)

SHAREHOLDERS' FUNDS

(342,932

)

(342,300

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 June 2018 and were signed by:

H C V Jones - Director

1.	STATUTORY INFORMATION

Dynamo Creative Marketing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% 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.

Going concern

Where current liabilities exceed current assets the directors consider the ability of the company to continue to

meet its liabilities from liquid assets as and when they fall due. The directors also consider the support given to

the company by its creditors. If the directors are satisfied that the company can meet its liabilities as and when

they fall due, and that the company has sufficient support from its creditors, the accounts are prepared on a going

concern basis.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2016

and 31 October 2017

1,050

DEPRECIATION

At 1 November 2016

and 31 October 2017

1,050

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

372

372

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Director's current account

343,097

342,356

Accrued expenses

449

449

343,546

342,805

6.	RELATED PARTY DISCLOSURES

As at 31 October 2017 the company owed £343,097 (2016: £342,356) to the director of the company.The loan is

interest free and there is no fixed repayment term for this loan.

7.	GOING CONCERN

Current liabilities exceed current assets at the balance sheet date. The director, who is owed £343,097, has

agreed not to seek repayment from the company in the short term. Accordingly the director considers that it is

appropriate to prepare the accounts on a going concern basis.