Accounts filed on 31-05-2016
Accounts filed on 31-05-2016
trueDreamcatcher London Limited056835902016-05-313705951922223715951932221000100037159519322289513273724901945493415151599151238533958346536819949840686412525558504742433097534634260002800049756634Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Cash flow statement
The accounts do not include a cash flow statement because the company,as a small entity,is exempt from the requirement to prepare such a statement under Financial Reporting Standard for Smaller Entities(effective April 2008).
Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5% Straight line
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryReducing balance0.25004000040000140001200020001227212272729756381659522725227221297176383659Ordinary1000110001000Ordinary11000100010002017-01-17Dr S Chawdatruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureDreamcatcher London Limited2015-06-012016-05-31Dreamcatcher London Limited2014-06-012015-05-31Dreamcatcher London Limited2014-05-31Dreamcatcher London Limited2015-05-31Dreamcatcher London Limited2015-05-31Dreamcatcher London Limited2016-05-31 2017-01-23
