Dream Auto Ltd


1 December 2015 true false 093119352015-11-30 093119352015-12-012016-11-30 093119352016-11-30 093119352015-11-30 09311935uk-bus:Director12015-12-012016-11-30 09311935uk-gaap:FixturesFittings2015-12-012016-11-30 iso4217:GBP
Company Registration No. 09311935 (England and Wales)
Dream Auto Ltd Abbreviated unaudited accounts for the year ended 30 November 2016
Dream Auto Ltd Abbreviated Balance Sheet as at 30 November 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,125 
1,500 
Current assets
Stocks
85,418 
57,100 
Debtors
147 
1,250 
Cash at bank and in hand
50,815 
5,535 
136,380 
63,885 
Creditors: amounts falling due within one year
(146,073)
(87,285)
Net current liabilities
(9,693)
(23,400)
Net liabilities
(8,568)
(21,900)
Capital and reserves
Share premium
1 
1 
Profit and loss account
(8,569)
(21,901)
Total shareholders' funds
(8,568)
(21,900)
For the year ending 30 November 2016 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 8 April 2017
Vaiva Medinyte Director Company Registration No. 09311935
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Dream Auto Ltd Notes to the Abbreviated Accounts for the year ended 30 November 2016
1
Accounting policies
Basis of preparation
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
Turnover represents amounts receivable for goods and services.
Tangible fixed assets policy
Tangible fixed assets were stated at cost less depreciation. Depreciation on fixtures and fittings was provided on a 25% straight line basis.
Fixtures & fittings
25%
Stocks
Stocks are valued at the lower of cost and net realisable value
2
Tangible fixed assets
£ 
Cost
At 1 December 2015
2,000 
At 30 November 2016
2,000 
Depreciation
At 1 December 2015
500 
Charge for the year
375 
At 30 November 2016
875 
Net book value
At 30 November 2016
1,125 
At 30 November 2015
1,500 
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