Company Registration No. 06950410 (England and Wales)
EASY SLEEP BEDS LTD
Unaudited accounts
for the year ended 30 June 2019
EASY SLEEP BEDS LTD
Unaudited accounts
Contents
EASY SLEEP BEDS LTD
Company Information
for the year ended 30 June 2019
Directors
Mohammed Ilyas
Ali Asghar
Company Number
06950410 (England and Wales)
Registered Office
UNIT 5 1ST FLOOR
HIGHGATE BUSINESS CENTRE HIGHAGTE ROAD
BIRMINGHAM
B12 8EA
Accountants
Mayfield
5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
EASY SLEEP BEDS LTD
Statement of financial position
as at
30 June 2019
Tangible assets
114,579
51,492
Inventories
78,421
54,523
Cash at bank and in hand
104,535
109,027
Creditors: amounts falling due within one year
(196,432)
(209,354)
Net current assets
524,565
565,132
Total assets less current liabilities
639,144
616,624
Creditors: amounts falling due after more than one year
(11,222)
(106,168)
Provisions for liabilities
Deferred tax
(20,661)
(8,430)
Net assets
607,261
502,026
Called up share capital
100
100
Profit and loss account
607,161
501,926
Shareholders' funds
607,261
502,026
For the year ending 30 June 2019 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 11 December 2019.
Mohammed Ilyas
Director
Company Registration No. 06950410
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2019
EASY SLEEP BEDS LTD is a private company, limited by shares, registered in England and Wales, registration number 06950410. The registered office is UNIT 5 1ST FLOOR, HIGHGATE BUSINESS CENTRE HIGHAGTE ROAD, BIRMINGHAM, B12 8EA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
At 18% Reducing Balance Basis
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2019
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
25,152
Finished goods
78,421
54,523
Trade debtors
538,041
610,936
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
166,281
151,421
Taxes and social security
24,095
57,933
Loans from directors
6,056
-
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
-
106,168
9
Deferred taxation
2019
2018
Accelerated capital allowances
20,661
8,430
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2019
Provision at start of year
8,430
6,345
Charged to the profit and loss account
12,231
2,085
Provision at end of year
20,661
8,430
10
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 19 (2018: 19).