Abbreviated Company Accounts - NEW DREAMS LTD

07528207 NEW DREAMS LTD 2015-02-28 false 2014-03-01 2015-02-28 true 07528207 2014-03-01 2015-02-28 07528207 2015-02-28 07528207 2014-02-28 07528207 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07528207 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07528207

NEW DREAMS LTD

Abbreviated Accounts

28 February 2015

NEW DREAMS LTD Registered Number 07528207

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,074	3,493
		3,074	3,493
Current assets
Debtors		1,652	960
Cash at bank and in hand		2,371	1,433
		4,023	2,393
Creditors: amounts falling due within one year		(6,898)	(5,798)
Net current assets (liabilities)		(2,875)	(3,405)
Total assets less current liabilities		199	88
Total net assets (liabilities)		199	88
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		99	(12)
Shareholders' funds		199	88

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 November 2015

And signed on their behalf by:
Vasile Mihalceanu, Director

NEW DREAMS LTD Registered Number 07528207

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance.
Motor vehicles 25% reducing balance.

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where
substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the
period of the lease and represents a constant proportion of the balance of capital repayments
outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 March 2014	6,622
Additions	2,400
Disposals	(4,250)
Revaluations	-
Transfers	-
At 28 February 2015	4,772
Depreciation
At 1 March 2014	3,129
Charge for the year	1,474
On disposals	(2,905)
At 28 February 2015	1,698
Net book values
At 28 February 2015	3,074
At 28 February 2014	3,493

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100