Registered number
11295498
DREAMS GROUP LTD
Filleted Accounts
30 April 2024
DREAMS GROUP LTD
Registered number: 11295498
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 50,700 50,700
Cash at bank and in hand 58,937 58,939
109,637 109,639
Creditors: amounts falling due within one year 4 (97,260) (95,994)
Net current assets 12,377 13,645
Total assets less current liabilities 12,377 13,645
Creditors: amounts falling due after more than one year 5 25,959 25,959
Net assets 38,336 39,604
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,236 39,504
Shareholder's funds 38,336 39,604
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Salman Kurt 
Director
Approved by the board on 10 February 2025
DREAMS GROUP LTD
Notes to the Accounts
for the year ended 30 April 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Debtors 2024 2023
£ £
Trade debtors 7,370 7,370
Amounts owed by group undertakings and undertakings in which the company has a participating interest 43,330 43,330
50,700 50,700
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9 -
Trade creditors 42,299 42,299
Taxation and social security costs 9,627 9,627
Other creditors 45,325 44,068 (4,441)
97,260 95,994
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 40,011 40,011
Other creditors (65,970) (65,970)
(25,959) (25,959)
6 Other information
DREAMS GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
313 Highbury New Park
Highbury
London
UK
N5 2LB
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