Registered number:
Unaudited
For the year ended
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Development Dreamers Ltd
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Development Dreamers Ltd for the year ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Development Dreamers Ltd for the year ended 31 October 2019 which comprise and the Balance sheet
and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/
members/regulations-standards-and-guidance/
.
This report is made solely to the director of Development Dreamers Ltd in accordance with the terms of our engagement letter dated
15 June 2017. Our work has been undertaken solely
to prepare for your approval the financial statements of Development Dreamers Ltd and state those matters that we have agreed to state to the director of Development Dreamers Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Development Dreamers Ltd and its director for our work or for this report.
It is your duty to ensure that Development Dreamers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Development Dreamers Ltd. You consider that Development Dreamers Ltd is exempt from the statutory audit requirement for the year.
Chartered Accountants
37 St Margaret's Street
Kent
CT1 2TU
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Development Dreamers Ltd
Registered number:
09254727
Balance sheet
As at
Notes
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on page 3 form part of these financial statements.
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Development Dreamers Ltd
Notes to the financial statements
For the year ended 31 October 2019
Development Dreamers Ltd is a private company limited by shares which was incorporated in England and Wales with the registration number 09254727. The company's registered office is 37 St Margaret's Street, Canterbury, Kent CT1 2TU.
The financial statements are presented in pound Sterling, and rounded to the nearest pound.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.
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