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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
Page
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Dreamstudio Design Limited Company Information for the year ended 31 May 2024
Director
Tom Manwell
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
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Dreamstudio Design Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,577 
522 
Current assets
Debtors
14,063 
16,092 
Cash at bank and in hand
20,093 
11,949 
34,156 
28,041 
Creditors: amounts falling due within one year
(35,515)
(28,499)
Net current liabilities
(1,359)
(458)
Net assets
218 
64 
Capital and reserves
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
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Dreamstudio Design Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
At 31 May 2024
149 
761 
667 
1,577 
At 31 May 2023
522 
- 
- 
522 
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Dreamstudio Design Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,348 
14,952 
Accrued income and prepayments
925 
- 
Other debtors
790 
1,140 
14,063 
16,092 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,332 
3,824 
Trade creditors
828 
- 
Taxes and social security
5,188 
5,689 
Loans from directors
24,267 
18,636 
Accruals
900 
350 
35,515 
28,499 
7
Share capital
2024 
2023 
£ 
£ 
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).
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