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REGISTERED NUMBER: SC578956 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Dreamhome Contractors Limited

Dreamhome Contractors Limited (Registered number: SC578956)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dreamhome Contractors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: H Kazemi





REGISTERED OFFICE: 57 Balmuildy Road
Bishopbriggs
Glasgow
United Kingdom
G64 3BX





REGISTERED NUMBER: SC578956 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Dreamhome Contractors Limited (Registered number: SC578956)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,046 15,904

CURRENT ASSETS
Stocks 5 12,866 12,319
Debtors 6 - 3,879
Cash at bank and in hand 6,743 884
19,609 17,082
CREDITORS
Amounts falling due within one year 7 20,707 20,572
NET CURRENT LIABILITIES (1,098 ) (3,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,948

12,414

CREDITORS
Amounts falling due after more than one
year

8

10,894

14,682
NET ASSETS/(LIABILITIES) 54 (2,268 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 53 (2,269 )
SHAREHOLDERS' FUNDS 54 (2,268 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Dreamhome Contractors Limited (Registered number: SC578956)

Balance Sheet - continued
31 October 2023


The 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.

The financial statements were approved by the director and authorised for issue on 21 March 2024 and were signed by:





H Kazemi - Director


Dreamhome Contractors Limited (Registered number: SC578956)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Dreamhome Contractors Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 3,000 34,902 37,902
DEPRECIATION
At 1 November 2022 1,821 20,177 21,998
Charge for year 177 3,681 3,858
At 31 October 2023 1,998 23,858 25,856
NET BOOK VALUE
At 31 October 2023 1,002 11,044 12,046
At 31 October 2022 1,179 14,725 15,904

Dreamhome Contractors Limited (Registered number: SC578956)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 4,022 3,524
Work-in-progress 8,844 8,795
12,866 12,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Directors' current accounts - 3,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 7,511 11,802
Tax 5,353 2,349
Social security and other taxes 863 726
Other creditors 4,882 3,982
Accruals 2,098 1,713
20,707 20,572

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bounce Bank Loan 10,894 14,682

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary Share Capital £1 1 1