REGISTERED NUMBER: SC508254 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Bmz Dynamix Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Z Langah

REGISTERED OFFICE:

12

Blackchapel Road

Edinburgh

EH15 3QU

REGISTERED NUMBER:

SC508254 (Scotland)

ACCOUNTANTS:

MMTI Limited

Chartered Accountants

Regus House

Highbridge, Oxford Road

Uxbridge

Middlesex

UB8 1HR

FIXED ASSETS

Intangible assets

4

64,362

30,257

Tangible assets

5

591,870

623,489

656,232

653,746

CURRENT ASSETS

Stocks

281,077

196,600

Debtors

1,696,822

455,462

Cash at bank and in hand

757,056

1,064,001

2,734,955

1,716,063

CREDITORS

Amounts falling due within one year

797,940

860,943

NET CURRENT ASSETS

1,937,015

855,120

TOTAL ASSETS LESS CURRENT LIABILITIES

2,593,247

1,508,866

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,593,246

1,508,865

2,593,247

1,508,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2019 and were signed by:

Z Langah - Director

1.	STATUTORY INFORMATION

Bmz Dynamix Limited is a private company, limited by shares , registered in Scotland. 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Intangible fixed assets - brand fees

Brand fees are initially measured at cost. After initial recognition, brand fees have been measured at

cost less any accumulated amoritsation and any accumulated impairment losses.

Brand fees are being amortised evenly over their estimated useful life of five years.

Intangible investment - cryptocurrencies

Cryptocurrencies have been recognised at cost and subsequently measured using the revaluation

model, whereby the class of asset is revalued using the market rate as at the balance sheet date.

Revaluation model has been adopted by the company because these investments have an active

market.

Cryptocurrencies are not amortised because the company does not believe that the asset is suitable

for amortisation.

If the carrying value of the asset class is increased as a result of a revaluation, the increase shall be

recognised in other comprehensive income and accumulated in equity. However, the increase shall be

recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset

previously recognised in profit or loss.

The decrease in the carrying value (impairment) as a result of a revaluation is recognised in other

comprehensive income to the extent of any previously recognised revaluation increase accumulated in

equity. If a revaluation decrease exceeds the accumulated revaluation gains recognised in equity, the

excess is recognised in profit and loss.

Tangible fixed assets

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

Freehold property

-

not provided

Office Equipment & Furniture

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Included in "Tangible Fixed Assets" is the cost of "Freehold property" of £499,198 that is not

depreciated because the net book value of the freehold property is always expected to exceed the net

realisable value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

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 17 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

45,000

Additions

100,437

Impairments

(57,342

)

At 30 June 2018

88,095

AMORTISATION

At 1 July 2017

14,743

Amortisation for year

8,990

At 30 June 2018

23,733

NET BOOK VALUE

At 30 June 2018

64,362

At 30 June 2017

30,257

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

679,349

Additions

6,030

At 30 June 2018

685,379

DEPRECIATION

At 1 July 2017

55,860

Charge for year

37,649

At 30 June 2018

93,509

NET BOOK VALUE

At 30 June 2018

591,870

At 30 June 2017

623,489

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.18

30.6.17

£

£

Within one year

164,250

164,250

Between one and five years

196,061

360,944

360,311

525,194

7.	RELATED PARTY DISCLOSURES

As at the year end, the company owed £23,092 (2017 : £9,044) to the director of the company. The

loan was unsecured, interest free and repayable on demand.

Also as at the year end, the company was owed £1,326,798 (2017: £230,345) by other companies

which were under common control. The loans were unsecured, interest free and repayable on

demand.