Registered number
10328080
COMFY DELUXE LTD
Filleted Accounts
30 June 2023
COMFY DELUXE LTD
Registered number: 10328080
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 367,323 280,375
Investments 4 7,083 -
374,406 280,375
Current assets
Stocks 285,800 165,200
Debtors 5 312,592 121,970
Cash at bank and in hand 781,451 881,376
1,379,843 1,168,546
Creditors: amounts falling due within one year 6 (852,819) (570,338)
Net current assets 527,024 598,208
Total assets less current liabilities 901,430 878,583
Creditors: amounts falling due after more than one year 7 (332,032) (340,404)
Net assets 569,398 538,179
Capital and reserves
Called up share capital 100 100
Profit and loss account 569,298 538,079
Shareholders' funds 569,398 538,179
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
LIAQAT HUSSAIN
Director
Approved by the board on 22 September 2023
COMFY DELUXE LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 58 42
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 364,549
Additions 137,328
At 30 June 2023 501,877
Depreciation
At 1 July 2022 84,174
Charge for the year 50,380
At 30 June 2023 134,554
Net book value
At 30 June 2023 367,323
At 30 June 2022 280,375
4 Investments
Other
investments
£
Cost
Additions 7,083
At 30 June 2023 7,083
5 Debtors 2023 2022
£ £
Trade debtors 312,592 121,970
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 530,519 256,416
Taxation and social security costs 14,018 826
Other creditors 308,282 313,096
852,819 570,338
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 309,065 316,783
Other creditors 22,967 23,621
332,032 340,404
8 Other information
COMFY DELUXE LTD is a private company limited by shares and incorporated in England. Its registered office is:
PROVIDENCE MILLS
SYKE LANE
EARLSHEATON
DEWSBURY
WF12 8HT
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