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
DREAMTOUCH MATTRESSES LTD
Company Information
for the year ended 31 August 2021
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
DREAMTOUCH MATTRESSES LTD
Statement of financial position
as at 31 August 2021
Tangible assets
36,341
61,421
Inventories
100,000
50,000
Cash at bank and in hand
-
106,603
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)
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
DREAMTOUCH MATTRESSES LTD
Notes to the Accounts
for the year ended 31 August 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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
At 31 August 2021
34,493
1,848
36,341
At 31 August 2020
59,247
2,174
61,421
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
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
36,504
-
Trade creditors
121,633
164,614
Taxes and social security
(15,367)
84,856
Loans from directors
8,443
2,129
7
Creditors: amounts falling due after more than one year
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).