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Company Registration No. 11334721 (England and Wales)
Dream Academy PA Limited Unaudited accounts for the year ended 30 April 2023
Dream Academy PA Limited Unaudited accounts Contents
Page
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Dream Academy PA Limited Company Information for the year ended 30 April 2023
Director
Dayzee Potter
Company Number
11334721 (England and Wales)
Registered Office
Avenue Business Centre (Office05) 17 New Road Avenue Chatham Kent ME4 6BA
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Dream Academy PA Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
304 
609 
Current assets
Inventories
100 
100 
Debtors
- 
911 
Cash at bank and in hand
5,269 
7,316 
5,369 
8,327 
Creditors: amounts falling due within one year
(17,714)
(8,994)
Net current liabilities
(12,345)
(667)
Total assets less current liabilities
(12,041)
(58)
Creditors: amounts falling due after more than one year
(10,333)
(14,333)
Net liabilities
(22,374)
(14,391)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(22,474)
(14,491)
Shareholders' funds
(22,374)
(14,391)
For the year ending 30 April 2023 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 21 November 2023 and were signed on its behalf by
Dayzee Potter Director Company Registration No. 11334721
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Dream Academy PA Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Dream Academy PA Limited is a private company, limited by shares, registered in England and Wales, registration number 11334721. The registered office is Avenue Business Centre (Office05), 17 New Road Avenue, Chatham, Kent, ME4 6BA.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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:
Computer equipment
20% Straight Line
Going concern
The financial statements have been prepared on the going concern basis. Whilst the company is still recovering from the impact of the Covid-19 virus, the director has assessed, so far as reasonably possible and with the company's planning that there is a reasonable expectation the company will continue in operation existence for the foreseeable future.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties or loans to related parties.
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Dream Academy PA Limited Notes to the Accounts for the year ended 30 April 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
1,015 
Disposals
(169)
At 30 April 2023
846 
Depreciation
At 1 May 2022
406 
Charge for the year
169 
On disposals
(33)
At 30 April 2023
542 
Net book value
At 30 April 2023
304 
At 30 April 2022
609 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
911 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
10,790 
- 
Other creditors
114 
254 
Accruals
2,810 
4,740 
17,714 
8,994 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,333 
14,333 
8
Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund. Contributions totalling £Nil (2022: £140) were payable to the fund at the balance sheet date and are included in creditors.
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Dream Academy PA Limited Notes to the Accounts for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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