Company Registration No. 08116158 (England and Wales)
Dreamstudio Design Limited
Unaudited accounts
for the year ended 31 May 2024
Dreamstudio Design Limited
Unaudited accounts
Contents
Dreamstudio Design Limited
Company Information
for the year ended 31 May 2024
Company Number
08116158 (England and Wales)
Registered Office
55 Grove Road
Surbiton
Surrey
KT6 4BY
England
Accountants
Finer Accountancy Ltd
36 Brook Lane
Galleywood
Chelmsford
Essex
CM2 8NL
Dreamstudio Design Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
20,093
11,949
Creditors: amounts falling due within one year
(35,515)
(28,499)
Net current liabilities
(1,359)
(458)
Called up share capital
1
1
Profit and loss account
217
63
Shareholders' funds
218
64
For the year ending 31 May 2024 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 9 August 2024 and were signed on its behalf by
Tom Manwell
Director
Company Registration No. 08116158
Dreamstudio Design Limited
Notes to the Accounts
for the year ended 31 May 2024
Dreamstudio Design Limited is a private company, limited by shares, registered in England and Wales, registration number 08116158. The registered office is 55 Grove Road, Surbiton, Surrey, KT6 4BY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
33.3% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33.3% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
1,119
-
534
1,653
Additions
-
951
1,000
1,951
At 31 May 2024
1,119
951
1,534
3,604
At 1 June 2023
597
-
534
1,131
Charge for the year
373
190
333
896
At 31 May 2024
970
190
867
2,027
At 31 May 2024
149
761
667
1,577
At 31 May 2023
522
-
-
522
Dreamstudio Design Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
12,348
14,952
Accrued income and prepayments
925
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,188
5,689
Loans from directors
24,267
18,636
Allotted, called up and fully paid:
1 Ordinary Shares of £1 each
1
1
8
Transactions with related parties
The company paid T Manwell, the director, salary and dividends amounting to £32100 (2023: £31,500) during the year.
At the end of the year end after drawings, £24267 (2023: £18367) was owing to T Manwell, the director.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).