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Company Registration No. 10201152 (England and Wales)
DREAMING LION LTD Unaudited accounts for the year ended 31 May 2023
DREAMING LION LTD Unaudited accounts Contents
Page
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DREAMING LION LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,760 
2,200 
Current assets
Inventories
6,687 
5,227 
Debtors
2,323 
7,301 
Cash at bank and in hand
5,888 
4,629 
14,898 
17,157 
Creditors: amounts falling due within one year
(13,958)
(1,186)
Net current assets
940 
15,971 
Total assets less current liabilities
2,700 
18,171 
Creditors: amounts falling due after more than one year
(14,542)
(16,557)
Net (liabilities)/assets
(11,842)
1,614 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(11,843)
1,613 
Shareholders' funds
(11,842)
1,614 
For the year ending 31 May 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 his 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 15 February 2024 and were signed on its behalf by
Som Bahadur Gurung Director Company Registration No. 10201152
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DREAMING LION LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
DREAMING LION LTD is a private company, limited by shares, registered in England and Wales, registration number 10201152. The registered office is ARTHUB STUDIOS BUILDING 28, 34 BOWATER ROAD, LONDON, SE18 5TF, ENGLAND.
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
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
2,750 
At 31 May 2023
2,750 
Depreciation
At 1 June 2022
550 
Charge for the year
440 
At 31 May 2023
990 
Net book value
At 31 May 2023
1,760 
At 31 May 2022
2,200 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,323 
7,301 
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DREAMING LION LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,961 
- 
Taxes and social security
637 
986 
Other creditors
8,160 
- 
Accruals
200 
200 
13,958 
1,186 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,542 
16,557 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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