Registered number
09785212
AA Dream Factory Ltd
Filleted Accounts
31 October 2024
AA Dream Factory Ltd
Registered number: 09785212
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 87,953 72,465
Current assets
Stocks 4,800 7,945
Debtors 4 1,885 2,916
Cash at bank and in hand 18,330 18,478
25,015 29,339
Creditors: amounts falling due within one year 5 (43,140) (39,609)
Net current liabilities (18,125) (10,270)
Total assets less current liabilities 69,828 62,195
Creditors: amounts falling due after more than one year 6 (60,232) (46,069)
Net assets 9,596 16,126
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,496 16,026
Shareholders' funds 9,596 16,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Asan Abdul Kadir Shahid
Director
Approved by the board on 28 May 2025
AA Dream Factory Ltd
Notes to the Accounts
for the year ended 31 October 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% Reducing balance basis
Fixtures, fittings, tools and equipment 20% Reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 41,057 256,483 8,100 305,640
Additions - 32,813 - 32,813
At 31 October 2024 41,057 289,296 8,100 338,453
Depreciation
At 1 November 2023 14,083 214,880 4,212 233,175
Charge for the year 5,395 11,152 778 17,325
At 31 October 2024 19,478 226,032 4,990 250,500
Net book value
At 31 October 2024 21,579 63,264 3,110 87,953
At 31 October 2023 26,974 41,603 3,888 72,465
4 Debtors 2024 2023
£ £
Trade debtors 1,885 1,666
Other debtors - 1,250
1,885 2,916
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 25,714 25,228
Taxation and social security costs 17,426 14,381
43,140 39,609
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,150 24,532
Other creditors 46,082 21,537
60,232 46,069
7 Related party transactions
Asan Abdul Kadir Shahid
As at the balance sheet date, the company owed its director £41,439 which has been included under other creditor due after one year.
8 Controlling party
The company is under the control of its own director.
9 Other information
AA Dream Factory Ltd is a private company limited by shares and incorporated in England. Its registered office is:
693a High Road
Ilford
Essex
IG3 8RH
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