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REGISTERED NUMBER: SC078602 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Bedtime Bed Centre Limited

Bedtime Bed Centre Limited (Registered number: SC078602)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bedtime Bed Centre Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: L G Cradock





SECRETARY: Aberdein Considine





REGISTERED OFFICE: The Sheiling
Blairs
Aberdeen
AB12 5YT





REGISTERED NUMBER: SC078602 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Bedtime Bed Centre Limited (Registered number: SC078602)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,303 18,050

CURRENT ASSETS
Stocks 73,728 71,997
Debtors 6 561,482 372,368
Cash at bank and in hand 39,304 23,985
674,514 468,350
CREDITORS
Amounts falling due within one year 7 201,994 123,466
NET CURRENT ASSETS 472,520 344,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,823

362,934

CREDITORS
Amounts falling due after more than one
year

8

(39,167

)

(50,000

)

PROVISIONS FOR LIABILITIES (2,527 ) (3,414 )
NET ASSETS 444,129 309,520

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 444,029 309,420
SHAREHOLDERS' FUNDS 444,129 309,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bedtime Bed Centre Limited (Registered number: SC078602)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 July 2022 and were signed by:





L G Cradock - Director


Bedtime Bed Centre Limited (Registered number: SC078602)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Bedtime Bed Centre Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over the duration of the lease
Fixtures & Fittings - 15% on reducing balance
Office Equipment - 10% on cost
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Inventories
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bedtime Bed Centre Limited (Registered number: SC078602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or recovered.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 48,759
Additions 171
Disposals (22,534 )
At 31 March 2022 26,396
DEPRECIATION
At 1 April 2021 30,709
Charge for year 4,439
Eliminated on disposal (22,055 )
At 31 March 2022 13,093
NET BOOK VALUE
At 31 March 2022 13,303
At 31 March 2021 18,050

6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 15,048 14,141
Other debtors 493,611 313,052
508,659 327,193

Bedtime Bed Centre Limited (Registered number: SC078602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. DEBTORS - continued
2022 2021
£    £   
Amounts falling due after more than one year:
Other debtors 52,823 45,175

Aggregate amounts 561,482 372,368

Other debtors includes the amount of £320,294 owed to the company by it's parent - Bedz 2 Go Aberdeen Limited.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors 68,280 29,047
Taxation and social security 97,796 88,359
Other creditors 25,918 6,060
201,994 123,466

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 39,167 50,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 14,000 14,000
Between one and five years 42,000 56,000
56,000 70,000

10. SECURED DEBTS

The Bank of Scotland holds a floating charge over the company's assets. The bank also holds a £100,000 personal guarantee from Lewis Cradock, a director of the company,

11. ULTIMATE CONTROLLING PARTY

The controlling party is Bedz 2 Go Aberdeen Limited, registered at The Sheiling, Blairs, Aberdeen, Scotland, AB12 5YT

12. COVID-19

The company has followed government guidelines and operated at reduced capacity for part of the year. The company has been supported through the Coronavirus Job Retention Scheme and Government Grants.