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Company Registration No. 10635308 (England and Wales)
DREAM HOUSE BUILDING LTD Unaudited accounts for the year ended 31 March 2024
DREAM HOUSE BUILDING LTD Unaudited accounts Contents
Page
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DREAM HOUSE BUILDING LTD Company Information for the year ended 31 March 2024
Director
Marius Emanuel Iftimiei
Company Number
10635308 (England and Wales)
Registered Office
29 Leggatts Wood Avenue Watford WD24 6RL
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DREAM HOUSE BUILDING LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,110 
40,375 
Current assets
Inventories
22,925 
29,155 
Debtors
459,985 
280,919 
Cash at bank and in hand
17,222 
13,825 
500,132 
323,899 
Creditors: amounts falling due within one year
(463,727)
(267,500)
Net current assets
36,405 
56,399 
Total assets less current liabilities
66,515 
96,774 
Creditors: amounts falling due after more than one year
(51,854)
(69,183)
Net assets
14,661 
27,591 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,561 
27,491 
Shareholders' funds
14,661 
27,591 
For the year ending 31 March 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 21 July 2025 and were signed on its behalf by
Marius Emanuel Iftimiei Director Company Registration No. 10635308
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DREAM HOUSE BUILDING LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
DREAM HOUSE BUILDING LTD is a private company, limited by shares, registered in England and Wales, registration number 10635308. The registered office is 29 Leggatts Wood Avenue, Watford, WD24 6RL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
33%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
9,528 
76,604 
86,132 
At 31 March 2024
9,528 
76,604 
86,132 
Depreciation
At 1 April 2023
7,391 
38,366 
45,757 
Charge for the year
705 
9,560 
10,265 
At 31 March 2024
8,096 
47,926 
56,022 
Net book value
At 31 March 2024
1,432 
28,678 
30,110 
At 31 March 2023
2,137 
38,238 
40,375 
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DREAM HOUSE BUILDING LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
32,181 
1,735 
Trade debtors
343,822 
253,737 
Other debtors
83,982 
25,447 
459,985 
280,919 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
237,018 
132,892 
Taxes and social security
31,960 
36,529 
Other creditors
192,399 
96,979 
Accruals
2,350 
1,100 
463,727 
267,500 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,089 
38,380 
Obligations under finance leases and hire purchase contracts
22,765 
30,803 
51,854 
69,183 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 14 (2023: 25).
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