Dreamtracker Limited,Ltd - AccountsLtd - Accounts

Dreamtracker Limited,Ltd - AccountsLtd - Accounts


2018-11-01052573482019-10-31052573482018-11-012019-10-31052573482018-10-31052573482017-11-012018-10-3105257348uk-core:WithinOneYear2018-10-3105257348uk-core:WithinOneYear2019-10-3105257348uk-core:ShareCapital2019-10-3105257348uk-core:ShareCapital2018-10-3105257348uk-core:RetainedEarningsAccumulatedLosses2019-10-3105257348uk-core:RetainedEarningsAccumulatedLosses2018-10-3105257348uk-bus:Director12018-11-012019-10-3105257348uk-core:LandBuildings2018-11-012019-10-3105257348uk-core:ComputerEquipment2018-11-012019-10-3105257348uk-core:ComputerEquipment2018-10-3105257348uk-core:LandBuildings2018-10-3105257348uk-core:LandBuildings2019-10-3105257348uk-core:ComputerEquipment2019-10-31iso4217:GBPxbrli:pure05257348uk-bus:AuditExemptWithAccountantsReport2018-11-012019-10-3105257348uk-bus:FRS1022018-11-012019-10-3105257348uk-bus:FullAccounts2018-11-012019-10-3105257348uk-bus:PrivateLimitedCompanyLtd2018-11-012019-10-31
Dreamtracker Limited
Registered Number:05257348
For the year ended 31 October 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2019
Dreamtracker Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 October 2019
Dreamtracker Limited
Statement of Financial Position
Registered Number :
05257348
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
362,009
360,500
2
362,009
360,500
Current assets
Trade and other receivables
360
687
3
166,610
Cash and cash equivalents
163,062
163,749
166,970
Trade and other payables: amounts falling due within one
year
(441,246)
(441,112)
4
(274,276)
(277,363)
Net current liabilities
Total assets less current liabilities
84,646
86,224
(287)
-
Provisions for liabilities
84,359
Net assets
86,224
Capital and reserves
Called up share capital
2
2
Retained earnings
84,357
86,222
84,359
86,224
Shareholders' funds
For the year ended 31 October 2019 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 of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr GERALD FACER Director
These financial statements were approved and authorised for issue by the Board on 27 July 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2019
Dreamtracker Limited
Notes to the Financial Statements
Statutory Information
Dreamtracker Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05257348.
Principal place of business:
Cliffe House
Moores Lane
Enderby
Leicester
LE19 4AN
Registered address:
West Walk House
99 Princess Road East
Leicester
Leicestershire
LE1 7LF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents the net invoiced value of services provided net of value added tax
Property, plant and equipment
Land and buildings
0%
33.33% per annum on cost
Computer equipment
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The
resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those
investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective
January, 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to
be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements
to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation
and the amount of this might otherwise have been charged cannot be separately identified or quantified.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 October 2019
Dreamtracker Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Land and
buildings
£
£
£
Cost or
valuation
At 01 November 2018
360,500
-
360,500
1,873
1,873
-
Additions
At 31 October 2019
360,500
1,873
362,373
Provision for depreciation and impairment
Charge for year
364
364
-
At 31 October 2019
364
364
-
At 31 October 2019
Net book value
360,500
1,509
362,009
At 31 October 2018
360,500
-
360,500
3. Trade and other receivables
2018
2019
£
£
Called up share capital not paid
2
2
Prepayments and accrued income
322
334
Amounts owed by directors
363
24
360
687
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
440,562
440,562
Taxation and social security
-
250
Accruals and deferred income
550
434
441,112
441,246
5. Related party transactions
Du Maurier Limited is an associated company by virtue of common directors and shareholders.
The loan of £440,562 (2018 £440,562) is interest free and repayable upon demand.
During the year the company purchased goods and services in the amount of £12,000 (2018 £12,000) from Du
Maurier Limited.
The Ultimate Controlling Party is Mr. G. D. Facer.
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6
For the year ended 31 October 2019
Dreamtracker Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2018 : 1)
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