Company Registration No. 09648740 (England and Wales)
Dreamore Limited
Unaudited accounts
for the year ended 31 December 2024
Dreamore Limited
Unaudited accounts
Contents
Dreamore Limited
Company Information
for the year ended 31 December 2024
Directors
Yang Liu
Alexander James Walsh
Company Number
09648740 (England and Wales)
Registered Office
27 Swinton Street
London
WC1X 9NW
England
Accountants
Addition Financial Limited
The Office Group
1 Lyric Square
Hammersmith
London
W6 0NB
Dreamore Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,409
4,317
Inventories
328,187
387,686
Cash at bank and in hand
504,473
1,276,017
Creditors: amounts falling due within one year
(192,982)
(484,366)
Net current assets
710,020
1,236,813
Total assets less current liabilities
712,429
1,241,130
Creditors: amounts falling due after more than one year
(4,410)
(14,896)
Net assets
708,019
1,226,234
Called up share capital
34
34
Share premium
3,199,934
3,199,934
Profit and loss account
(2,491,949)
(1,973,734)
Shareholders' funds
708,019
1,226,234
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by
Yang Liu
Director
Company Registration No. 09648740
Dreamore Limited
Notes to the Accounts
for the year ended 31 December 2024
Dreamore Limited is a private company, limited by shares, registered in England and Wales, registration number 09648740. The registered office is 27 Swinton Street, London, WC1X 9NW, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The comparative figures presented are for the six-month period ended 31 December 2023. Accordingly, they are not directly comparable to the results for the year ended 31 December 2024.
The accounts are presented in £ sterling.
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:
Computer equipment
3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Dreamore Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
At 31 December 2024
10,639
Amounts falling due within one year
Trade debtors
40,443
4,188
Accrued income and prepayments
11,900
39,623
Other debtors
17,999
13,665
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
38,138
84,284
Trade creditors
76,216
294,689
Taxes and social security
5,338
7,468
Other creditors
3,675
2,990
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 6).