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REGISTERED NUMBER: 09564535 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

SCARBOROUGH BED WAREHOUSE LIMITED

SCARBOROUGH BED WAREHOUSE LIMITED (REGISTERED NUMBER: 09564535)

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


SCARBOROUGH BED WAREHOUSE LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2022







DIRECTORS: Mr T G Riley
Mrs L L Riley





REGISTERED OFFICE: Wrea Lane
Scarborough
North Yorkshire
YO12 7PN





REGISTERED NUMBER: 09564535 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

SCARBOROUGH BED WAREHOUSE LIMITED (REGISTERED NUMBER: 09564535)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,333 8,333
Tangible assets 5 19,337 7,121
25,670 15,454

CURRENT ASSETS
Stocks 60,621 44,525
Debtors 6 5,382 2,803
Cash at bank and in hand 45,203 66,831
111,206 114,159
CREDITORS
Amounts falling due within one year 7 69,926 79,005
NET CURRENT ASSETS 41,280 35,154
TOTAL ASSETS LESS CURRENT LIABILITIES 66,950 50,608

PROVISIONS FOR LIABILITIES 3,087 389
NET ASSETS 63,863 50,219

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 63,663 50,019
SHAREHOLDERS' FUNDS 63,863 50,219

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 directors acknowledge their 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.

SCARBOROUGH BED WAREHOUSE LIMITED (REGISTERED NUMBER: 09564535)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2022 and were signed on its behalf by:





Mr T G Riley - Director


SCARBOROUGH BED WAREHOUSE LIMITED (REGISTERED NUMBER: 09564535)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2022


1. STATUTORY INFORMATION

Scarborough Bed Warehouse Limited is a private company, limited by shares , registered in England and Wales. 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Government grants
The company received government grants in respect of Coronavius Job retention Scheme and Small Business Grants These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


SCARBOROUGH BED WAREHOUSE LIMITED (REGISTERED NUMBER: 09564535)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2022


2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 20,000
AMORTISATION
At 1 April 2021 11,667
Charge for year 2,000
At 31 March 2022 13,667
NET BOOK VALUE
At 31 March 2022 6,333
At 31 March 2021 8,333

SCARBOROUGH BED WAREHOUSE LIMITED (REGISTERED NUMBER: 09564535)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 20,970
Additions 17,415
Disposals (1,700 )
At 31 March 2022 36,685
DEPRECIATION
At 1 April 2021 13,849
Charge for year 4,734
Eliminated on disposal (1,235 )
At 31 March 2022 17,348
NET BOOK VALUE
At 31 March 2022 19,337
At 31 March 2021 7,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,049 -
Other debtors 4,333 2,803
5,382 2,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Payments on account 25,247 5,833
Trade creditors 6,194 179
Taxation and social security 22,722 16,939
Other creditors 15,763 56,054
69,926 79,005

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 'A' Ordinary 100 100 100
100 'B' Ordinary 100 100 100
200 200