Company Registration No. 10564905 (England and Wales)
Dreamworld Beds Ltd
Unaudited accounts
for the year ended 31 January 2024
Dreamworld Beds Ltd
Unaudited accounts
Contents
Dreamworld Beds Ltd
Company Information
for the year ended 31 January 2024
Company Number
10564905 (England and Wales)
Registered Office
41 SOUTH STREET
ROCHDALE
OL16 2EP
UNITED KINGDOM
Accountants
VTax Accountants Ltd
61
Barlow road
Manchester
M19 3DB
Dreamworld Beds Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
3,308
6,593
Cash at bank and in hand
9,126
4,983
Creditors: amounts falling due within one year
(13,662)
(20,728)
Net current (liabilities)/assets
(4,536)
24,405
Total assets less current liabilities
(1,228)
30,998
Creditors: amounts falling due after more than one year
-
(35,199)
Net liabilities
(1,228)
(4,201)
Called up share capital
100
100
Profit and loss account
(1,328)
(4,301)
Shareholders' funds
(1,228)
(4,201)
For the year ending 31 January 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 30 October 2024 and were signed on its behalf by
Muhammad Saghir
Director
Company Registration No. 10564905
Dreamworld Beds Ltd
Notes to the Accounts
for the year ended 31 January 2024
Dreamworld Beds Ltd is a private company, limited by shares, registered in England and Wales, registration number 10564905. The registered office is 41 SOUTH STREET, ROCHDALE, OL16 2EP, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Dreamworld Beds Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
15,122
5,000
20,122
At 31 January 2024
15,122
5,000
20,122
At 1 February 2023
10,167
3,362
13,529
Charge for the year
991
2,294
3,285
At 31 January 2024
11,158
5,656
16,814
At 31 January 2024
3,964
(656)
3,308
At 31 January 2023
4,955
1,638
6,593
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,207
3,127
Taxes and social security
2,338
870
Loans from directors
4,270
2,087
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).