Dreams & Reality Limited - Accounts to registrar (filleted) - small 18.2
Dreams & Reality Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| DREAMS & REALITY LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2019 |
| DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2019 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| DREAMS & REALITY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2019 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 2 Tower House |
| Hoddesdon |
| Hertfordshire |
| EN11 8UR |
| DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679) |
| BALANCE SHEET |
| 31 JULY 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 7 |
| Retained earnings |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2019 |
| 1. | Statutory information |
| Dreams & Reality Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 August 2018 |
| and 31 July 2019 |
| Depreciation |
| At 1 August 2018 |
| Charge for year |
| At 31 July 2019 |
| Net book value |
| At 31 July 2019 |
| At 31 July 2018 |
| 5. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Director's current account | - | 618 |
| DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2019 |
| 6. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Corporation tax payable |
| PAYE control account | - | 81 |
| Director's current account | 4,394 | - |
| Accrued expenses |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| A Ordinary | £1 | 100 | 100 |
| B Ordinary | £1 | 100 | 100 |
| 200 | 200 |
| 8. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 July 2019 and |
| 31 July 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 9. | Ultimate controlling party |
| The controlling party is Dr T Patel. |