Dream Lab Studio Ltd 14256517 false 2022-07-26 2023-09-30 2023-09-30 The principal activity of the company is that of online advertising services Digita Accounts Production Advanced 6.30.9574.0 true true 14256517 2022-07-26 2023-09-30 14256517 2023-09-30 14256517 core:RetainedEarningsAccumulatedLosses 2023-09-30 14256517 core:ShareCapital 2023-09-30 14256517 core:CurrentFinancialInstruments 2023-09-30 14256517 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14256517 core:FurnitureFittingsToolsEquipment 2023-09-30 14256517 bus:SmallEntities 2022-07-26 2023-09-30 14256517 bus:AuditExemptWithAccountantsReport 2022-07-26 2023-09-30 14256517 bus:FullAccounts 2022-07-26 2023-09-30 14256517 bus:SmallCompaniesRegimeForAccounts 2022-07-26 2023-09-30 14256517 bus:RegisteredOffice 2022-07-26 2023-09-30 14256517 bus:Director1 2022-07-26 2023-09-30 14256517 bus:PrivateLimitedCompanyLtd 2022-07-26 2023-09-30 14256517 core:FurnitureFittingsToolsEquipment 2022-07-26 2023-09-30 14256517 core:OfficeEquipment 2022-07-26 2023-09-30 14256517 countries:EnglandWales 2022-07-26 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 14256517

Dream Lab Studio Ltd

Annual Report and Unaudited Financial Statements

For The Period from 26 July 2022 to 30 September 2023

 

Dream Lab Studio Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Dream Lab Studio Ltd

(Registration number: 14256517)
Balance Sheet as at 30 September 2023

Note

2023
£

       

Fixed assets

   

Tangible assets

4

 

1,371

Current assets

   

Debtors

5

25,532

 

Cash at bank and in hand

 

25,681

 

 

51,213

 

Creditors: Amounts falling due within one year

6

(51,444)

 

Net current liabilities

   

(231)

Net assets

   

1,140

Capital and reserves

   

Called up share capital

1

 

Profit and loss account

1,139

 

Total equity

   

1,140

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 9 April 2024
 

.........................................
Miss L M McLoughlin
Director

 

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Period from 26 July 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Bell Yard
London
WC2A 2JR
England

These financial statements were authorised for issue by the director on 9 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Period from 26 July 2022 to 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,828

1,828

At 30 September 2023

1,828

1,828

Depreciation

Charge for the period

457

457

At 30 September 2023

457

457

Carrying amount

At 30 September 2023

1,371

1,371

 

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Period from 26 July 2022 to 30 September 2023

5

Debtors

Current

2023
£

Trade debtors

18,961

Prepayments

4,730

Other debtors

1,841

 

25,532

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

48,277

Other creditors

3,167

51,444