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Company Registration No. 10921801 (England and Wales)
DREAMTOUCH MATTRESSES LTD Unaudited accounts for the year ended 31 August 2021
DREAMTOUCH MATTRESSES LTD Unaudited accounts Contents
Page
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DREAMTOUCH MATTRESSES LTD Company Information for the year ended 31 August 2021
Director
Nafeesa Yaqoob
Company Number
10921801 (England and Wales)
Registered Office
Unit 2 Chelsea House Chelsea Street Nottingham NG7 7HP United Kingdom
Accountants
Sajjad Hussain Unit 46, Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY
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DREAMTOUCH MATTRESSES LTD Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,341 
61,421 
Current assets
Inventories
100,000 
50,000 
Debtors
196,211 
123,501 
Cash at bank and in hand
- 
106,603 
296,211 
280,104 
Creditors: amounts falling due within one year
(276,376)
(251,599)
Net current assets
19,835 
28,505 
Total assets less current liabilities
56,176 
89,926 
Creditors: amounts falling due after more than one year
(37,492)
(50,000)
Net assets
18,684 
39,926 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,683 
39,925 
Shareholders' funds
18,684 
39,926 
For the year ending 31 August 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2022 and were signed on its behalf by
Nafeesa Yaqoob Director Company Registration No. 10921801
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DREAMTOUCH MATTRESSES LTD Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
DREAMTOUCH MATTRESSES LTD is a private company, limited by shares, registered in England and Wales, registration number 10921801. The registered office is Unit 2 Chelsea House, Chelsea Street, Nottingham, NG7 7HP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Fixtures & fittings
15% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2020
79,671 
3,565 
83,236 
Disposals
(30,474)
- 
(30,474)
At 31 August 2021
49,197 
3,565 
52,762 
Depreciation
At 1 September 2020
20,424 
1,391 
21,815 
Charge for the year
6,088 
326 
6,414 
On disposals
(11,808)
- 
(11,808)
At 31 August 2021
14,704 
1,717 
16,421 
Net book value
At 31 August 2021
34,493 
1,848 
36,341 
At 31 August 2020
59,247 
2,174 
61,421 
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DREAMTOUCH MATTRESSES LTD Notes to the Accounts for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
193,252 
120,059 
Accrued income and prepayments
2,959 
3,167 
Other debtors
- 
275 
196,211 
123,501 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
36,504 
- 
VAT
125,163 
- 
Trade creditors
121,633 
164,614 
Taxes and social security
(15,367)
84,856 
Loans from directors
8,443 
2,129 
276,376 
251,599 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
37,492 
50,000 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 23 (2020: 23).
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