1 June 2023 false No description of principal activity Taxfiler 2024.6 10201152business:PrivateLimitedCompanyLtd2023-06-012024-05-31 102011522023-05-31 102011522023-06-012024-05-31 10201152business:AuditExemptWithAccountantsReport2023-06-012024-05-31 10201152business:FilletedAccounts2023-06-012024-05-31 102011522024-05-31 102011522023-05-31 10201152core:WithinOneYear2024-05-31 10201152core:WithinOneYear2023-05-31 10201152core:AfterOneYear2024-05-31 10201152core:AfterOneYear2023-05-31 10201152core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10201152core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10201152core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10201152core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10201152core:PreviouslyStatedAmount2024-05-31 10201152core:PreviouslyStatedAmount2023-05-31 10201152business:SmallEntities2023-06-012024-05-31 10201152business:Director12023-06-012024-05-31 10201152countries:EnglandWales2023-06-012024-05-31 10201152business:RegisteredOffice2023-06-012024-05-31 10201152core:PlantMachinery2023-06-012024-05-31 10201152core:ComputerEquipment2023-06-012024-05-31 10201152core:PlantMachinery2023-05-31 10201152core:ComputerEquipment2023-05-31 10201152core:PlantMachinery2024-05-31 10201152core:ComputerEquipment2024-05-31 102011522022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10201152 (England and Wales)
DREAMING LION LTD Accounts for the year ended 31 May 2024
DREAMING LION LTD Accounts Contents
Page
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DREAMING LION LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,761 
1,760 
Current assets
Inventories
8,727 
6,687 
Debtors
17,720 
2,323 
Cash at bank and in hand
12,266 
5,888 
38,713 
14,898 
Creditors: amounts falling due within one year
(53,547)
(13,958)
Net current (liabilities)/assets
(14,834)
940 
Total assets less current liabilities
(12,073)
2,700 
Creditors: amounts falling due after more than one year
(12,893)
(14,542)
Net liabilities
(24,966)
(11,842)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(24,967)
(11,843)
Shareholders' funds
(24,966)
(11,842)
For the year ending 31 May 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 18 November 2024 and were signed on its behalf by
Som Bahadur Gurung Director Company Registration No. 10201152
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DREAMING LION LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
DREAMING LION LTD is a private company, limited by shares, registered in England and Wales, registration number 10201152. The registered office is Unit D28 Ground Floor, Horse Tunnel Market, London, NW1 8AH, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
2,750 
- 
2,750 
Additions
1,067 
510 
1,577 
At 31 May 2024
3,817 
510 
4,327 
Depreciation
At 1 June 2023
990 
- 
990 
Charge for the year
540 
36 
576 
At 31 May 2024
1,530 
36 
1,566 
Net book value
At 31 May 2024
2,287 
474 
2,761 
At 31 May 2023
1,760 
- 
1,760 
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DREAMING LION LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,737 
- 
Other debtors
15,983 
2,323 
17,720 
2,323 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,124 
4,961 
Trade creditors
22,867 
- 
Taxes and social security
500 
637 
Other creditors
12,868 
8,160 
Loans from directors
13,988 
- 
Accruals
200 
200 
53,547 
13,958 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,893 
14,542 
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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