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Registered Number: 06025346
England and Wales

 

 

 

LIFE OF MY DREAMS LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Report to the directors on the preparation of the unaudited statutory accounts of Life of My Dreams Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Life of My Dreams Limited for the year ended 31 August 2024 which comprise of the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Life of My Dreams Limited, as a body, in accordance with the terms of our engagement letter dated 21 May 2025 Our work has been undertaken solely to prepare for your approval the accounts of Life of My Dreams Limited and state those matters that we have agreed to state to the Board of Directors of Life of My Dreams Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Life of My Dreams Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Life of My Dreams Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Life of My Dreams Limited. You consider that Life of My Dreams Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Life of My Dreams Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2024



....................................................
Kirkpatrick and Hopes Limited
Merlin House
Brunel Road
Theale, Reading
Berkshire
RG7 4AB
21 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Cash at bank and in hand (24,762)   (24,253)
Creditors: amount falling due within one year (27,317)   (9,911)
Net current assets (52,079)   (34,164)
 
Total assets less current liabilities (52,079)   (34,164)
Creditors: amount falling due after more than one year (13,952)   (24,111)
Net assets (66,031)   (58,275)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (66,131)   (58,375)
Shareholders' funds (66,031)   (58,275)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 May 2025 and were signed on its behalf by:


-------------------------------
Mr Andy Kheng King Tiong
Director
2
General Information
Life of My Dreams Limited is a private company, limited by shares, registered in England and Wales, registration number 06025346, registration address Kirkpatrick And Hopes Ltd Merlin House, Brunel House, Readingbe, Berkshire, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Computer Equipment - 25% on cost
Plant & Machinery - 25% on cost


At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 September 2023 230,000    230,000 
Additions  
Disposals  
At 31 August 2024 230,000    230,000 
Amortisation
At 01 September 2023 230,000    230,000 
Charge for year  
On disposals  
At 31 August 2024 230,000    230,000 
Net book values
At 31 August 2024  
At 31 August 2023  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 September 2023 350    26,221    26,571 
Additions    
Disposals    
At 31 August 2024 350    26,221    26,571 
Depreciation
At 01 September 2023 350    26,221    26,571 
Charge for year    
On disposals    
At 31 August 2024 350    26,221    26,571 
Net book values
Closing balance as at 31 August 2024    
Opening balance as at 01 September 2023    


5.

Creditors: amount falling due within one year

.   2024
£
  2023
£
Bank loans & overdrafts (secured) 10,162  9,911 
Amounts owed to group undertaking 15,604 
Other creditos 1,551 
27,317  9,911 

6.

Creditors: amounts falling due after more than one year

.   2024
£
  2023
£
Bank loans & overdrafts (secured) 13,952  24,111 
13,952  24,111 

3