Registration number: 15773908

SJP Design Ltd

trading as Dream Doors Newport

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

SJP Design Ltd

trading as Dream Doors Newport

(Registration number: 15773908)
Balance Sheet as at 30 June 2025

	Note	2025 £
Fixed assets
Intangible assets	4	46,480
Tangible assets	5	566
		47,046
Current assets
Debtors	6	12,338
Cash at bank and in hand		1,418
		13,756
Creditors: Amounts falling due within one year	7	(85,527)
Net current liabilities		(71,771)
Total assets less current liabilities		(24,725)
Creditors: Amounts falling due after more than one year	7	(42,437)
Net liabilities		(67,162)
Capital and reserves
Called up share capital	8	1
Retained earnings		(67,163)
Shareholders' deficit		(67,162)

For the financial period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

SJP Design Ltd

trading as Dream Doors Newport

(Registration number: 15773908)
Balance Sheet as at 30 June 2025

Approved and authorised by the director on 15 October 2025
 

......................................... Mr S P Peel Director

SJP Design Ltd

trading as Dream Doors Newport

Notes to the Unaudited Financial Statements for the Period from 12 June 2024 to 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
40 Dudley Street
Newport
Wales
NP19 0FE

These financial statements were authorised for issue by the director on 15 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the sale of goods and provision of services at the point the products are installed and associated service delivered.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

SJP Design Ltd

trading as Dream Doors Newport

Notes to the Unaudited Financial Statements for the Period from 12 June 2024 to 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	15% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% Straight line
Franchise Fee	20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

SJP Design Ltd

trading as Dream Doors Newport

Notes to the Unaudited Financial Statements for the Period from 12 June 2024 to 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3.

SJP Design Ltd

trading as Dream Doors Newport

Notes to the Unaudited Financial Statements for the Period from 12 June 2024 to 30 June 2025

4	Intangible assets

	Goodwill  £	Franchise Fee  £	Total £
Cost or valuation
Additions acquired separately	35,000	23,100	58,100
At 30 June 2025	35,000	23,100	58,100
Amortisation
Amortisation charge	7,000	4,620	11,620
At 30 June 2025	7,000	4,620	11,620
Carrying amount
At 30 June 2025	28,000	18,480	46,480

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	666	666
At 30 June 2025	666	666
Depreciation
Charge for the period	100	100
At 30 June 2025	100	100
Carrying amount
At 30 June 2025	566	566

6

Debtors

Current	2025 £
Prepayments	12,338
	12,338

SJP Design Ltd

trading as Dream Doors Newport

Notes to the Unaudited Financial Statements for the Period from 12 June 2024 to 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Loans and borrowings	9	18,339
Trade creditors		6,563
Taxation and social security		13,060
Accruals and deferred income		955
Other creditors		46,610
		85,527

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £18,338.64 ( 2024- £0.00).

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings	9	42,437

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £42,436.81( 2024- £0.00).

8	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary share of £1 each	1	1

SJP Design Ltd

trading as Dream Doors Newport

Notes to the Unaudited Financial Statements for the Period from 12 June 2024 to 30 June 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £
Bank borrowings	42,437

Current loans and borrowings

	2025 £
Bank borrowings	18,339