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Company registration number:
13956430
Daydreams and Ice Creams Limited
Unaudited Filleted Financial Statements for the period ended
31 March 2023
Daydreams and Ice Creams Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Daydreams and Ice Creams Limited
Period ended
31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Daydreams and Ice Creams Limited
for the period ended
31 March 2023
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Daydreams and Ice Creams Limited
, as a body, in accordance with the terms of my engagement letter dated 4 March 2022. My work has been undertaken solely to prepare for your approval the
financial statements
of
Daydreams and Ice Creams Limited
and state those matters that I have agreed to state to the Board of Directors of
Daydreams and Ice Creams Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Daydreams and Ice Creams Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Daydreams and Ice Creams Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Daydreams and Ice Creams Limited
. You consider that
Daydreams and Ice Creams Limited
is exempt from the statutory audit requirement for the period.
I have not been instructed to carry out an audit or a review of the financial statements of Daydreams and Ice Creams Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Gordon & Co
Chartered Accountants and Business Advisors
25/27 Station Street
Cheslyn Hay
Walsall
West Midlands
WS6 7ED
United Kingdom
Date:
22 September 2023
Daydreams and Ice Creams Limited
Statement of Financial Position
31 March 2023
31 Mar 2023
Note£
Fixed assets  
Tangible assets 5
862
 
Current assets  
Debtors 6
6,897
 
Cash at bank and in hand
6,472
 
13,369
 
Creditors: amounts falling due within one year 7
(6,858
)
Net current assets
6,511
 
Total assets less current liabilities 7,373  
Capital and reserves  
Called up share capital
100
 
Profit and loss account
7,273
 
Shareholders funds
7,373
 
For the period ending
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:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
22 September 2023
, and are signed on behalf of the board by:
Emma Hales
Director
Company registration number:
13956430
Daydreams and Ice Creams Limited
Notes to the Financial Statements
Period ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
25/27 Station Street
,
Cheslyn Hay
,
Walsall
,
West Midlands
,
WS6 7ED
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the period was
1
.

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
4 March 2022
-  
Additions
1,149
 
At
31 March 2023
1,149
 
Depreciation  
At
4 March 2022
-  
Charge
287
 
At
31 March 2023
287
 
Carrying amount  
At
31 March 2023
862
 

6 Debtors

31 Mar 2023
£
Trade debtors
3,194
 
Other debtors
3,703
 
6,897
 

7 Creditors: amounts falling due within one year

31 Mar 2023
£
Taxation and social security
2,442
 
Other creditors
4,416
 
6,858