Company Registration No. 08033260 (England and Wales)
Dream Decor Limited
Unaudited accounts
for the year ended 30 April 2024
Dream Decor Limited
Unaudited accounts
Contents
Dream Decor Limited
Company Information
for the year ended 30 April 2024
Company Number
08033260 (England and Wales)
Registered Office
248 Godstone Road
Whyteleafe
Surrey
CR3 0EF
United Kingdom
Dream Decor Limited
Statement of financial position
as at 30 April 2024
Tangible assets
4,405
5,874
Creditors: amounts falling due within one year
(61,870)
(57,886)
Net current liabilities
(30,075)
(26,091)
Total assets less current liabilities
(25,670)
(20,217)
Creditors: amounts falling due after more than one year
(5,735)
(8,933)
Net liabilities
(31,405)
(29,150)
Called up share capital
100
100
Profit and loss account
(31,505)
(29,250)
Shareholders' funds
(31,405)
(29,150)
For the year ending 30 April 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 15 November 2024 and were signed on its behalf by
Mr Neil Baxter
Director
Company Registration No. 08033260
Dream Decor Limited
Notes to the Accounts
for the year ended 30 April 2024
Dream Decor Limited is a private company, limited by shares, registered in England and Wales, registration number 08033260. The registered office is 248 Godstone Road , Whyteleafe, Surrey, CR3 0EF, 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.
The financial statements have been prepared on a going concern basis.The companies ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
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.
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:
Motor vehicles
Reducing Balance - 25%
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Dream Decor Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
31,795
31,795
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,184
5,047
Trade creditors
6,833
8,056
Taxes and social security
17,593
9,605
Loans from directors
31,605
34,523
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Mr Neil Baxter who is sole director and a shareholder holding more than 75% shares in the company.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).