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Company Registration No. 10564905 (England and Wales)
Dreamworld Beds Ltd Unaudited accounts for the year ended 31 January 2025
Dreamworld Beds Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Dreamworld Beds Ltd Company Information for the year ended 31 January 2025
Director
Muhammad Saghir
Company Number
10564905 (England and Wales)
Registered Office
Dream World Beds Unit 14 Savile Business Centre, Mill Street East Dewsbury West Yorkshire WF12 9AH England
Accountants
VTax Accountants Ltd 61 Barlow road Manchester M19 3DB
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Dreamworld Beds Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,913
3,308
Current assets
Inventories
3,560
-
Cash at bank and in hand
11,955
9,126
15,515
9,126
Creditors: amounts falling due within one year
5
(12,616)
(13,662)
Net current assets/(liabilities)
2,899
(4,536)
Total assets less current liabilities
12,812
(1,228)
Creditors: amounts falling due after more than one year
6
(4,270)
-
Net assets/(liabilities)
8,542
(1,228)
Capital and reserves
Called up share capital
100
100
Profit and loss account
8,442
(1,328)
Shareholders' funds
8,542
(1,228)
For the year ending 31 January 2025 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 17 January 2026 and were signed on its behalf by
Muhammad Saghir Director Company Registration No. 10564905
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Dreamworld Beds Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Dreamworld Beds Ltd is a private company, limited by shares, registered in England and Wales, registration number 10564905. The registered office is Dream World Beds, Unit 14, Savile Business Centre, Mill Street East, Dewsbury, West Yorkshire, WF12 9AH, 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.
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.
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:
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
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.
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Dreamworld Beds Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
15,122
5,000
20,122
Additions
-
9,083
9,083
At 31 January 2025
15,122
14,083
29,205
Depreciation
At 1 February 2024
11,158
5,656
16,814
Charge for the year
793
1,685
2,478
At 31 January 2025
11,951
7,341
19,292
Net book value
At 31 January 2025
3,171
6,742
9,913
At 31 January 2024
3,964
(656)
3,308
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,955
5,847
Trade creditors
-
1,207
Taxes and social security
5,211
2,338
Loans from directors
-
4,270
Accruals
3,450
-
12,616
13,662
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
4,270
-
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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