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DREO LIMITED

Registered Number
15385336
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

DREO LIMITED
Company Information
for the period from 3 January 2024 to 31 December 2024

Directors

HUANG, Haoqin
WEI, Lihu

Registered Address

61 Bridge Street
Kington
HR5 3DJ

Registered Number

15385336 (England and Wales)
DREO LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Current assets
Stocks31,053,543
Debtors6,508,910
Cash at bank and on hand58,261
7,620,714
Creditors amounts falling due within one year4(7,438,419)
Net current assets (liabilities)182,295
Total assets less current liabilities182,295
Net assets182,295
Capital and reserves
Called up share capital10,000
Profit and loss account172,295
Shareholders' funds182,295
The financial statements were approved and authorised for issue by the Board of Directors on 25 June 2025, and are signed on its behalf by:
HUANG, Haoqin
Director
Registered Company No. 15385336
DREO LIMITED
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2024
Average number of employees during the year0
3.Stocks

2024

£
Other stocks1,053,543
Total1,053,543
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables6,360,621
Taxation and social security1,077,798
Total7,438,419
5.Controlling party
The company is a wholly-owned subsidiary of HESUNG INNOVATION LIMITED, a company incorporated in Hong Kong. The directors consider HESUNG INNOVATION LIMITED to be the ultimate controlling party.