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REGISTERED NUMBER: 11557951 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Dream Motoring World Ltd

Dream Motoring World Ltd (Registered number: 11557951)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Dream Motoring World Ltd (Registered number: 11557951)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £ £
Current assets
Stocks 4 149,350 107,430
Cash at bank 132,483 108,919
281,833 216,349
Creditors
Amounts falling due within one year 5 (190,320 ) (153,065 )
Net current assets 91,513 63,284
Total assets less current liabilities 91,513 63,284

Creditors
Amounts falling due after more than
one year

6

(32,000

)

(40,000

)
Net assets 59,513 23,284

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 59,413 23,184
Shareholders' funds 59,513 23,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Dream Motoring World Ltd (Registered number: 11557951)

Balance Sheet - continued
30 September 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 17 July 2024 and were signed by:





Muhammad Ehsan - Director


Dream Motoring World Ltd (Registered number: 11557951)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. Statutory information

Dream Motoring World Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11557951

Registered office: Unit 8 12 Deer Park Road
London
United Kingdom
SW19 3TL

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

The average number of employees during the year was 8 (2022 - 4 ) .

Dream Motoring World Ltd (Registered number: 11557951)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. Stocks
30.9.23 30.9.22
£ £
Finished goods 149,350 107,430

5. Creditors: amounts falling due within one year
30.9.23 30.9.22
£ £
Trade creditors 108,724 143,688
Corporation tax 8,535 5,340
VAT 1,331 4,037
Other creditors 71,730 -
190,320 153,065

6. Creditors: amounts falling due after more than one year
30.9.23 30.9.22
£ £
Bank loans (see note 7) 32,000 40,000

7. Loans

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 32,000 40,000

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £ £
100 Ordinary shares 1 100 100

9. Reserves
Retained
earnings
£

At 1 October 2022 23,184
Profit for the year 36,229
At 30 September 2023 59,413