Company Registration No. 06950410 (England and Wales)
EASY SLEEP BEDS LTD
Unaudited accounts
for the year ended 30 June 2018
EASY SLEEP BEDS LTD
Unaudited accounts
Contents
EASY SLEEP BEDS LTD
Company Information
for the year ended 30 June 2018
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 2018
Tangible assets
51,492
62,795
Inventories
54,523
67,326
Cash at bank and in hand
109,027
93,196
Creditors: amounts falling due within one year
(209,354)
(234,885)
Net current assets
565,132
490,567
Total assets less current liabilities
616,624
553,362
Creditors: amounts falling due after more than one year
(106,168)
(168,336)
Provisions for liabilities
Deferred tax
(8,430)
(6,345)
Net assets
502,026
378,681
Called up share capital
100
100
Profit and loss account
501,926
378,581
Shareholders' funds
502,026
378,681
For the year ending 30 June 2018 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 9 October 2018.
Mohammed Ilyas
Director
Company Registration No. 06950410
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2018
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 2018
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
11,303
Finished goods
54,523
67,326
Trade debtors
610,936
564,930
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
151,421
186,431
Taxes and social security
57,933
48,454
8
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
106,168
168,336
9
Deferred taxation
2018
2017
Accelerated capital allowances
8,430
6,345
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2018
Provision at start of year
6,345
4,477
Charged to the profit and loss account
2,085
1,868
Provision at end of year
8,430
6,345
10
Share capital
2018
2017
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 (2017: 20).