DREAMLAND LINEN LTD - Accounts

DREAMLAND LINEN LTD - Company Information

2020-06-01 2021-05-30 false No description of principal activity Capium Accounts Production 1.1 11986075 bus:FullAccounts 2020-06-01 2021-05-30 11986075 bus:FRS102 2020-06-01 2021-05-30 11986075 bus:AuditExemptWithAccountantsReport 2020-06-01 2021-05-30 11986075 bus:SmallCompaniesRegimeForAccounts 2020-06-01 2021-05-30 11986075 bus:PrivateLimitedCompanyLtd 2020-06-01 2021-05-30 11986075 2020-06-01 2021-05-30 11986075 2021-05-30 11986075 bus:RegisteredOffice 2020-06-01 2021-05-30 11986075 core:WithinOneYear 2021-05-30 11986075 core:AfterOneYear 2021-05-30 11986075 bus:Director1 2020-06-01 2021-05-30 11986075 bus:Director1 2021-05-30 11986075 bus:Director1 2019-06-01 2020-05-31 11986075 2019-06-01 11986075 bus:CompanySecretary1 2020-06-01 2021-05-30 11986075 bus:LeadAgentIfApplicable 2020-06-01 2021-05-30 11986075 2019-06-01 2020-05-31 11986075 2020-05-31 11986075 core:WithinOneYear 2020-05-31 11986075 core:AfterOneYear 2020-05-31 11986075 bus:EntityAccountantsOrAuditors 2019-06-01 2020-05-31 11986075 bus:OrdinaryShareClass1 2020-06-01 2021-05-30 11986075 bus:OrdinaryShareClass1 2021-05-30 11986075 bus:OrdinaryShareClass1 2019-06-01 2020-05-31 11986075 bus:OrdinaryShareClass1 2020-05-31 11986075 core:CostValuation core:Non-currentFinancialInstruments 2021-05-30 11986075 core:CostValuation core:Non-currentFinancialInstruments 2020-05-31 11986075 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2021-05-30 11986075 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2021-05-30 11986075 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2021-05-30 11986075 core:Non-currentFinancialInstruments 2021-05-30 11986075 core:Non-currentFinancialInstruments 2020-05-31 11986075 core:ShareCapital 2021-05-30 11986075 core:ShareCapital 2020-05-31 11986075 core:RetainedEarningsAccumulatedLosses 2021-05-30 11986075 core:RetainedEarningsAccumulatedLosses 2020-05-31 11986075 dpl:Item1 2020-06-01 11986075 dpl:Item1 2021-05-30 11986075 dpl:Item1 2019-06-01 11986075 dpl:Item1 2020-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered Number: 11986075

England and Wales

DREAMLAND LINEN LTD

Unaudited Financial Statements

Period of accounts

Start date: 01 June 2020

End date: 30 May 2021

Registered Number: 11986075 DREAMLAND LINEN LTD
Statement of Financial Position
As at 30 May 2021

	Notes	2021 £	2020 £
Current assets
Cash at bank and in hand		36,326	53,773
Creditors: amount falling due within one year	3	(44,477)	(1,525)
Net current liabilities		(8,151)	52,248

Total assets less current liabilities		(8,151)	52,248
Creditors: amount falling due after more than one year	4	-	(54,820)
Net liabilities		(8,151)	(2,572)

Capital and reserves
Called up share capital	5	1	1
Profit and loss account		(8,152)	(2,573)
Shareholder's funds		(8,151)	(2,572)

For the period ended 30 May 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's 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.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 30 May 2022 and were signed by:

--------------------------------
Muhammed Ibrahim Kapadia
Director

DREAMLAND LINEN LTD
Notes to the Financial Statements
For the period ended 30 May 2021

General Information

DREAMLAND LINEN LTD is a private company, limited by shares, registered in England and Wales, registration number 11986075, registration address 342 Bethnal Green Rd, Bethnal Green, London, E2 0AH

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

2.	Average number of employees Average number of employees during the period was 1 (2020 : 0).

Creditors: amount falling due within one year

	2021 £	2020 £
Trade Creditors	750	-
Bank Loans & Overdrafts	42,202	-
Accrued Expenses	1,525	1,525
	44,477	1,525

Creditors: amount falling due after more than one year

	2021 £	2020 £
Bank Loans & Overdrafts	-	50,000
Directors' Loan Accounts	-	4,820
	-	54,820

Share Capital

Authorised
1 Class A share of £1.00 each

Allotted, called up and fully paid	2021 £		2020 £
1 Class A share of £1.00 each	1		1
	1		1