Company Registration No. 08404065 (England and Wales)
Hopes and Dreams (UK) Ltd
Unaudited accounts
for the year ended 29 February 2024
Hopes and Dreams (UK) Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
4,511
5,638
Tangible assets
7,680
10,237
Cash at bank and in hand
585
393
Creditors: amounts falling due within one year
(96,805)
(51,389)
Net current assets
87,624
101,102
Total assets less current liabilities
99,815
116,977
Creditors: amounts falling due after more than one year
(38,398)
(43,847)
Called up share capital
100
100
Profit and loss account
61,317
73,030
Shareholders' funds
61,417
73,130
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Mr M Dhalla
Director
Company Registration No. 08404065
Hopes and Dreams (UK) Ltd
Notes to the Accounts
for the year ended 29 February 2024
Hopes and Dreams (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08404065. The registered office is 217 Brandwood Road, Kings Heath, Birmingham, West Midlands, B14 6PU.
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:
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
20% reducing balance
4
Intangible fixed assets
Goodwill
At 29 February 2024
42,000
At 29 February 2024
37,489
Hopes and Dreams (UK) Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
At 29 February 2024
62,483
At 29 February 2024
54,803
At 28 February 2023
10,237
Amounts falling due within one year
Amounts due from group undertakings etc.
74,720
64,117
Other debtors
83,540
87,981
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,327
6,433
Trade creditors
17,590
10,733
Taxes and social security
30,166
30,741
Other creditors
27,000
349
Loans from directors
6,770
-
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 29 (2023: 31).