Dreamcoat Productions Limited
Statement of financial position
as at 31 December 2016
Cash at bank and in hand
121
13
Creditors: amounts falling due within one year
(122)
(2,139)
Net current liabilities
(1)
(2,126)
Net liabilities
(1)
(2,126)
Called up share capital
2
2
Profit and loss account
(3)
(2,128)
Shareholders' funds
(1)
(2,126)
For the year ending 31 December 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 November 2017.
Joseph Adejuwon Adesunloye
Director
Company Registration No. 07160776
Dreamcoat Productions Limited
Notes to the Accounts
for the year ended 31 December 2016
Dreamcoat Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 07160776. The registered office is 210 LEA BRIDGE ROAD, LONDON, E10 7LN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2016
2015
Loans from directors
(363)
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Joseph Adejuwon Adesunloye
Current Account - no interest, payable on demand
778
19,055
20,562
(729)
Current Account - no interest, payable on demand
877
-
511
366
1,655
19,055
21,073
(363)
6
Transactions with related parties
Director Joseph Adesumloye leases a section of his home for company premises - transaction value £600.
7
Average number of employees
During the year the average number of employees was 0 (2015: 0).
