Registered number
02724211
Dreamdigital Limited
Filleted Accounts
31 December 2023
Dreamdigital Limited
Registered number: 02724211
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 161 208
Current assets
Debtors 4 42,950 44,030
Cash at bank and in hand 318 434
43,268 44,464
Creditors: amounts falling due within one year 5 (16,663) (16,484)
Net current assets 26,605 27,980
Net assets 26,766 28,188
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,666 28,088
Shareholders' funds 26,766 28,188
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C D Melia
Director
Approved by the board on 24 September 2024
Dreamdigital Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment 15% and 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Fixtures and equipment
£
Cost
At 1 January 2023 20,612
At 31 December 2023 20,612
Depreciation
At 1 January 2023 20,404
Charge for the year 47
At 31 December 2023 20,451
Net book value
At 31 December 2023 161
At 31 December 2022 208
4 Debtors 2023 2022
£ £
Trade debtors 10,000 10,000
Other debtors 32,950 34,030
42,950 44,030
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,170 2,170
Taxation and social security costs 14,493 14,314
16,663 16,484
6 Related party transactions
There were no related party transactions during the year.
7 Controlling party
The company is wholly controlled by the director.
8 Other information
Dreamdigital Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Abbey Road
Grimsby
North East Lincolnshire
DN32 0HQ
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