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Registered Number: 11857301
England and Wales

 

 

 

DREAMS LOGISTICS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors Mr Mubashar Shah Chishti
Numan Arif
Registered Number 11857301
Registered Office Blackthorn House
Mary Ann Street
Birmingham
B3 1RL
Accountants HEARTLANDS FINANCIAL SERVICES LTD
456 SHAFTMOOR LANE
HALL GREEN
BIRMINGHAM
B28 8SZ
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Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2023.
Principal activities
The Principal activity of the company is Courier Services.
Directors
The directors who served the company throughout the year were as follows:
Mr Mubashar Shah Chishti
Numan Arif
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr Mubashar Shah Chishti
Director

Date approved: 29 September 2023
2
 
 
Notes
 
2023
£
  2022
£
Turnover 226,428    9,070 
Cost of sales (152,853)   (110)
Gross profit 73,575    8,960 
Administrative expenses (67,657)   (12,524)
Other operating income   5,462 
Operating profit 5,918    1,898 
Profit/(Loss) on ordinary activities before taxation 5,918    1,898 
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year 5,918    1,898 
 
3
 
 
Notes
 
2023
£
  2022
£
Current assets      
Cash at bank and in hand 37,115    13,295 
Creditors: amount falling due within one year 3 (23,669)   (900)
Net current assets 13,446    12,395 
 
Total assets less current liabilities 13,446    12,395 
Creditors: amount falling due after more than one year 4 (17,983)   (22,850)
Net liabilities (4,537)   (10,455)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (4,637)   (10,555)
Shareholder's funds (4,537)   (10,455)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 September 2023 and were signed on its behalf by:


-------------------------------
Mr Mubashar Shah Chishti
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 100  (12,453) (12,353)
Profit for the year 1,898  1,898 
Total comprehensive income for the year 1,898  1,898 
Total investments by and distributions to owners
At 31 March 2022 100  (10,555) (10,455)
At 01 April 2022 100  (10,555) (10,455)
Profit for the year 5,918  5,918 
Total comprehensive income for the year 5,918  5,918 
Total investments by and distributions to owners
At 31 March 2023 100  (4,637) (4,537)
5
General Information
DREAMS LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 11857301, registration address Blackthorn House, Mary Ann Street, Birmingham, B3 1RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The companys liability for current tax is calculated using the tax rates and laws that have been enacted at the reporting date.

2.

Average number of employees

Average number of employees during the year was 3 (2022 : 1).
3.

Creditors: amount falling due within one year

2023
£
  2022
£
Accrued Expenses 1,500    900 
VAT 22,169   
23,669    900 

4.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 17,983    22,850 
17,983    22,850 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

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