2023-04-012024-03-312024-03-31false11621170DREEM 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DREEM LIMITED

Registered Number
11621170
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

DREEM LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ELIA, Reem
ELIA, Roger

Registered Address

4 Sandringham Fold
Morley
Leeds
LS27 8DR

Registered Number

11621170 (England and Wales)
DREEM LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,3373,052
3,3373,052
Current assets
Debtors63,726-
Cash at bank and on hand37,05274,233
100,77874,233
Creditors amounts falling due within one year4(52,083)(42,516)
Net current assets (liabilities)48,69531,717
Total assets less current liabilities52,03234,769
Creditors amounts falling due after one year5(300)-
Provisions for liabilities6(634)(580)
Net assets51,09834,189
Capital and reserves
Called up share capital100100
Profit and loss account50,99834,089
Shareholders' funds51,09834,189
The financial statements were approved and authorised for issue by the Board of Directors on 9 August 2024, and are signed on its behalf by:
ELIA, Reem
Director
Registered Company No. 11621170
DREEM LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 234,3344,334
Additions1,2081,208
At 31 March 245,5425,542
Depreciation and impairment
At 01 April 231,2821,282
Charge for year923923
At 31 March 242,2052,205
Net book value
At 31 March 243,3373,337
At 31 March 233,0523,052
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts450-
Taxation and social security46,52116,459
Other creditors2,22024,761
Accrued liabilities and deferred income2,8921,296
Total52,08342,516
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts300-
Total300-
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)634580
Total634580