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Registration number: 15953247

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield
Annual Report and Unaudited Financial Statements
for the Period from 12 September 2024 to 30 September 2025

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Contents

Directors' Report | 1
Profit and Loss Account | 2
Balance Sheet | 3 to 4
Statement of Changes in Equity | 5
Notes to the Unaudited Financial Statements | 6 to 12
Detailed Profit and Loss Account | 13 to 15

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Directors' Report for the Period from 12 September 2024 to 30 September 2025

The directors present their report and the financial statements for the period from 12 September 2024 to 30 September 2025.

Incorporation

The company was incorporated on 12 September 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr M Hedge (appointed 12 September 2024)

Miss T L Carnell (appointed 12 September 2024)

Principal activity

The principal activity of the company is retail of furniture, lighting, and similar.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from the shareholders that they will continue to give financial support to the company for twelve months from
the date of signing these accounts.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However,
should the financial support mentioned above may not be forthcoming, the going concern basis used in
preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of
assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not
include any adjustments to the company's assets or liabilities that might be necessary should this basis not
continue to be appropriate.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 18 March 2026 and signed on its behalf by:

......................................... Mr M Hedge Director

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Profit and Loss Account for the Period from 12 September 2024 to 30 September 2025

| Note | 2025 £
Turnover |  | 396,128
Cost of sales |  | (242,888)
Gross profit |  | 153,240
Administrative expenses |  | (198,918)
Operating loss |  | (45,678)
Other interest receivable and similar income |  | 11
Interest payable and similar expenses |  | (3,871)
|  | (3,860)
Loss before tax | 4 | (49,538)
Tax on loss |  | (1,737)
Loss for the financial period |  | (51,275)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

(Registration number: 15953247)
Balance Sheet as at 30 September 2025

| Note | 2025 £
Fixed assets |  |
Intangible assets | 5 | 58,480
Tangible assets | 6 | 6,948
|  | 65,428
Current assets |  |
Stocks | 7 | 23,430
Debtors | 8 | 9,069
Cash at bank and in hand |  | 37,470
|  | 69,969
Creditors: Amounts falling due within one year | 9 | (132,954)
Net current liabilities |  | (62,985)
Total assets less current liabilities |  | 2,443
Creditors: Amounts falling due after more than one year | 9 | (51,979)
Provisions for liabilities |  | (1,737)
Net liabilities |  | (51,273)
Capital and reserves |  |
Called up share capital |  | 2
Retained earnings |  | (51,275)
Shareholders' deficit |  | (51,273)

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

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 18 March 2026 and signed on its behalf by:

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

(Registration number: 15953247)
Balance Sheet as at 30 September 2025

......................................... Mr M Hedge Director

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Statement of Changes in Equity for the Period from 12 September 2024 to 30 September 2025

| Share capital £ | Retained earnings £ | Total £
Loss for the period | - | (51,275) | (51,275)
New share capital subscribed | 2 | - | 2
At 30 September 2025 | 2 | (51,275) | (51,273)

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Notes to the Unaudited Financial Statements for the Period from 12 September 2024 to 30 September 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:
4 Devonshire Street
Brimington
Chesterfield
S43 1JQ

These financial statements were authorised for issue by the Board on 18 March 2026.

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.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from the shareholders that they will continue to give financial support to the company for twelve months from
the date of signing these accounts.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However,
should the financial support mentioned above may not be forthcoming, the going concern basis used in
preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of
assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not
include any adjustments to the company's assets or liabilities that might be necessary should this basis not
continue to be appropriate.

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

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

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 when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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
Fixtures & fittings | 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.

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

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

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
Franchise Fee | 20% Straight line
Goodwill | 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

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

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 directors) during the period, was 3.

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £
Depreciation expense | 1,226
Amortisation expense | 14,620

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

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

5 | Intangible assets

| Goodwill £ | Trademarks, patents and licenses £ | Total £
Cost or valuation
Additions acquired separately | 50,000 | 23,100 | 73,100
At 30 September 2025 | 50,000 | 23,100 | 73,100
Amortisation
Amortisation charge | 10,000 | 4,620 | 14,620
At 30 September 2025 | 10,000 | 4,620 | 14,620
Carrying amount
At 30 September 2025 | 40,000 | 18,480 | 58,480

6 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 8,174 | 8,174
At 30 September 2025 | 8,174 | 8,174
Depreciation
Charge for the period | 1,226 | 1,226
At 30 September 2025 | 1,226 | 1,226
Carrying amount
At 30 September 2025 | 6,948 | 6,948

7 | Stocks

| 2025 £
Work in progress | 23,430

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

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

8 | Debtors

Current | 2025 £
Trade debtors | 323
Prepayments | 8,746
| 9,069

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 10 | 23,310
Trade creditors |  | 26,922
Taxation and social security |  | 21,110
Accruals and deferred income |  | 29,859
Other creditors |  | 31,753
|  | 132,954

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £23,309.16 ( 2024 - £0).

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 10 | 51,979

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £51,978.69 ( 2024 - £0).

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

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

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Bank borrowings | 51,979

Current loans and borrowings

| 2025 £
Bank borrowings | 23,310

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Detailed Profit and Loss Account for the Period from 12 September 2024 to 30 September 2025

| 12 September 2024 to 30 September 2025 £
Turnover (analysed below) | 396,128
Cost of sales (analysed below) | (242,888)
Gross profit | 153,240
Gross profit (%) | 38.68%
Administrative expenses |
Employment costs (analysed below) | (52,982)
Establishment costs (analysed below) | (21,646)
General administrative expenses (analysed below) | (106,091)
Finance charges (analysed below) | (2,353)
Depreciation costs (analysed below) | (15,846)
| (198,918)
Operating loss | (45,678)
Other interest receivable and similar income (analysed below) | 11
Interest payable and similar charges (analysed below) | (3,871)
| (3,860)
Loss before tax | (49,538)

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Detailed Profit and Loss Account for the Period from 12 September 2024 to 30 September 2025

| 2025 £

Turnover |
Sale of goods, UK | 396,128

Cost of sales |
Purchases | (199,741)
Closing work in progress | 23,430
Subcontract cost | (66,577)
| (242,888)

Employment costs |
Wages and salaries (excluding directors) | (39,653)
Staff NIC (Employers) | (1,004)
Directors remuneration | (11,000)
Staff pensions (Defined contribution) | (745)
Staff training | (580)
| (52,982)

Establishment costs |
Rent | (15,770)
Water rates | (392)
Light, heat and power | (4,446)
Insurance | (518)
Use of home as office | (520)
| (21,646)

General administrative expenses |
Telephone and fax | (2,271)
Computer software and maintenance costs | (516)
Printing, postage and stationery | (2,783)
Trade subscriptions | (1,809)
Sundry expenses | (249)
Cleaning | (4,177)
Motor expenses | (7,908)
Travel and subsistence | (3,191)
Advertising | (79,232)
Accountancy fees | (3,955)
| (106,091)

Finance charges |
Bank charges | (2,353)

Carnell & Hedge Ltd
trading as Dream Doors Chesterfield

Detailed Profit and Loss Account for the Period from 12 September 2024 to 30 September 2025

| 2025 £

Depreciation costs |
Amortisation of goodwill | (10,000)
Amortisation of Franchise Fee | (4,620)
Depreciation of fixtures and fittings (owned) | (900)
Depreciation of office equipment (owned) | (326)
| (15,846)

Other interest receivable and similar income |
Bank interest receivable | 11

Interest payable and similar expenses |
Bank interest payable | (3,131)
Bank loan interest payable | (740)
| (3,871)