Dreams & Reality Limited - Accounts to registrar - small 17.2

Dreams & Reality Limited - Accounts to registrar - small 17.2

DREAMS & REALITY LIMITED - Company Information

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REGISTERED NUMBER: 06319679 (England and Wales)















DREAMS & REALITY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017





Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR








DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


DREAMS & REALITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







Directors: Dr T Patel
H Patel





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Business address: 24 St Michael-at-Pleas
Norwich
Norfolk
NR3 1EP





Registered number: 06319679 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR
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DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679)

BALANCE SHEET
31 JULY 2017

2017 2016
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,385 1,125

Current assets
Debtors 5 4,098 2,880
Cash at bank 11,018 11,443
15,116 14,323
Creditors
Amounts falling due within one year 6 10,534 11,535
Net current assets 4,582 2,788
Total assets less current liabilities 5,967 3,913

Capital and reserves
Called up share capital 7 200 200
Retained earnings 5,767 3,713
Shareholders' funds 5,967 3,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 3 October 2017 and were signed on its behalf by:





Dr T Patel - Director


The notes form part of these financial statements

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DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017


1. Statutory information

Dreams & Reality Limited is a private company, limited by shares , registered in England and Wales. The
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. Employees and directors

The average number of employees during the year was 1 .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 August 2016 2,291
Additions 718
At 31 July 2017 3,009
Depreciation
At 1 August 2016 1,166
Charge for year 458
At 31 July 2017 1,624
Net book value
At 31 July 2017 1,385
At 31 July 2016 1,125

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DREAMS & REALITY LIMITED (REGISTERED NUMBER: 06319679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017


5. Debtors
2017 2016
£ £
Amounts falling due within one year:
Trade debtors 4,000 2,880

Amounts falling due after more than one year:
Other debtors 98 -

Aggregate amounts 4,098 2,880

6. Creditors: amounts falling due within one year
2017 2016
£ £
Corporation tax payable 9,230 6,677
PAYE control account 81 81
Other creditors 21 89
Director's current account - 3,488
Accrued expenses 1,202 1,200
10,534 11,535

7. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £ £
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

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