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Registered Number: 07663376


 

 

 


Abridged Accounts

for the year ended 30 June 2024

for

DREAMCYCLES LTD

Report to the directors on the preparation of the unaudited statutory accounts of DREAMCYCLES LTD for the year ended 30 June 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DREAMCYCLES LTD for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of DREAMCYCLES LTD, as a body, in accordance with the terms of our engagement letter dated 19 September 2024 Our work has been undertaken solely to prepare for your approval the accounts of DREAMCYCLES LTD and state those matters that we have agreed to state to the Board of Directors of DREAMCYCLES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DREAMCYCLES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DREAMCYCLES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DREAMCYCLES LTD. You consider that DREAMCYCLES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DREAMCYCLES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
30 June 2024



....................................................

Turner and Partners LLP

24 James Street West
Bath
BA1 2BT
19 September 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 675    899 
675    899 
Current assets      
Stocks 79,679    109,640 
Debtors 3,601    457 
Cash at bank and in hand 104,822    117,560 
188,102    227,657 
Creditors: amount falling due within one year (5,485)   (11,529)
Net current assets 182,617    216,128 
 
Total assets less current liabilities 183,292    217,027 
Net assets 183,292    217,027 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 183,291    217,026 
Shareholders' funds 183,292    217,027 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 September 2024 and were signed by:


-------------------------------
Patrick Chappell
Director
2
General Information
DREAMCYCLES LTD is a private company, limited by shares, registered in , registration number 07663376, registration address 4 Dean Close, Frome, BA11 2XH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 July 2023 1,385    7,247    8,632 
Additions    
Disposals    
At 30 June 2024 1,385    7,247    8,632 
Depreciation
At 01 July 2023 1,327    6,406    7,733 
Charge for year 14    210    224 
On disposals    
At 30 June 2024 1,341    6,616    7,957 
Net book values
Closing balance as at 30 June 2024 44    631    675 
Opening balance as at 01 July 2023 58    841    899 


3