Company Registration No. 06950410 (England and Wales)
EASY SLEEP BEDS LTD
Unaudited accounts
for the year ended 30 June 2021
EASY SLEEP BEDS LTD
Unaudited accounts
Contents
EASY SLEEP BEDS LTD
Company Information
for the year ended 30 June 2021
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
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
EASY SLEEP BEDS LTD
Statement of financial position
as at
30 June 2021
Tangible assets
87,152
102,155
Inventories
83,625
85,742
Cash at bank and in hand
536,541
187,236
Creditors: amounts falling due within one year
(278,353)
(281,028)
Net current assets
802,045
587,897
Total assets less current liabilities
889,197
690,052
Creditors: amounts falling due after more than one year
(3,042)
(7,132)
Provisions for liabilities
Deferred tax
(15,813)
(18,500)
Net assets
870,342
664,420
Called up share capital
100
100
Profit and loss account
870,242
664,320
Shareholders' funds
870,342
664,420
For the year ending 30 June 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2022 and were signed on its behalf by
Mohammed Ilyas
Director
Company Registration No. 06950410
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2021
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
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
19,131
EASY SLEEP BEDS LTD
Notes to the Accounts
for the year ended 30 June 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
458,573
595,809
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
146,845
198,152
Taxes and social security
129,092
77,643
Other creditors
2,416
5,233
7
Creditors: amounts falling due after more than one year
2021
2020
8
Deferred taxation
2021
2020
Accelerated capital allowances
15,813
18,500
Provision at start of year
18,500
20,661
Credited to the profit and loss account
(2,687)
(2,161)
Provision at end of year
15,813
18,500
9
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 17 (2020: 16).