IRIS Accounts Production v23.3.1.45 12467139 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure124671392022-03-31124671392023-03-31124671392022-04-012023-03-31124671392021-03-31124671392021-04-012022-03-31124671392022-03-3112467139ns16:EnglandWales2022-04-012023-03-3112467139ns15:PoundSterling2022-04-012023-03-3112467139ns11:Director12022-04-012023-03-3112467139ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112467139ns11:SmallEntities2022-04-012023-03-3112467139ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3112467139ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112467139ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112467139ns11:AbridgedAccounts2022-04-012023-03-311246713912022-04-012023-03-3112467139ns11:OrdinaryShareClass12022-04-012023-03-3112467139ns11:Director22022-04-012023-03-3112467139ns11:RegisteredOffice2022-04-012023-03-3112467139ns6:CurrentFinancialInstruments2023-03-3112467139ns6:CurrentFinancialInstruments2022-03-3112467139ns6:Non-currentFinancialInstruments2023-03-3112467139ns6:Non-currentFinancialInstruments2022-03-3112467139ns6:ShareCapital2023-03-3112467139ns6:ShareCapital2022-03-3112467139ns6:FurtherSpecificReserve3ComponentTotalEquity2023-03-3112467139ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-3112467139ns6:RetainedEarningsAccumulatedLosses2023-03-3112467139ns6:RetainedEarningsAccumulatedLosses2022-03-3112467139ns6:NetGoodwill2022-04-012023-03-3112467139ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112467139ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-012023-03-3112467139ns6:PlantMachinery2022-04-012023-03-3112467139ns6:FurnitureFittings2022-04-012023-03-3112467139ns6:ComputerEquipment2022-04-012023-03-3112467139ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 12467139 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE BURGESS BEDDING COMPANY LIMITED

THE BURGESS BEDDING COMPANY LIMITED (REGISTERED NUMBER: 12467139)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE BURGESS BEDDING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M J Dwyer
K Shevick





REGISTERED OFFICE: Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ





REGISTERED NUMBER: 12467139 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

THE BURGESS BEDDING COMPANY LIMITED (REGISTERED NUMBER: 12467139)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,662 64,230
Tangible assets 5 132,970 134,858
193,632 199,088

CURRENT ASSETS
Stocks 264,237 234,393
Debtors 260,823 226,177
Cash at bank and in hand 211,535 214,300
736,595 674,870
CREDITORS
Amounts falling due within one year 347,930 338,948
NET CURRENT ASSETS 388,665 335,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,297

535,010

CREDITORS
Amounts falling due after more than one year 6 (457,297 ) (461,615 )

PROVISIONS FOR LIABILITIES (25,132 ) (10,700 )
NET ASSETS 99,868 62,695

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 29,490 36,737
Retained earnings 70,377 25,957
SHAREHOLDERS' FUNDS 99,868 62,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

THE BURGESS BEDDING COMPANY LIMITED (REGISTERED NUMBER: 12467139)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





M J Dwyer - Director


THE BURGESS BEDDING COMPANY LIMITED (REGISTERED NUMBER: 12467139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Burgess Bedding Company 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over length of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE BURGESS BEDDING COMPANY LIMITED (REGISTERED NUMBER: 12467139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 71,367
AMORTISATION
At 1 April 2022 7,137
Amortisation for year 3,568
At 31 March 2023 10,705
NET BOOK VALUE

At 31 March 2023 60,662
At 31 March 2022 64,230

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2022 145,078
Additions 40,007
Disposals (9,500 )
At 31 March 2023 175,585
DEPRECIATION
At 1 April 2022 10,220
Charge for year 36,017
Eliminated on disposal (3,622 )
At 31 March 2023 42,615
NET BOOK VALUE
At 31 March 2023 132,970
At 31 March 2022 134,858

Cost or valuation at 31 March 2023 is represented by:

Totals
£   
Valuation in 2022 28,988
Cost 146,597
175,585

The fixed assets were valued on an open market basis on 31 March 2022 by The Directors .

THE BURGESS BEDDING COMPANY LIMITED (REGISTERED NUMBER: 12467139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 April 2022 44,500
Additions 20,880
At 31 March 2023 65,380
DEPRECIATION
At 1 April 2022 927
Charge for year 14,373
At 31 March 2023 15,300
NET BOOK VALUE
At 31 March 2023 50,080
At 31 March 2022 43,573

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 12,037 17,593

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1

8. RELATED PARTY DISCLOSURES

The company received a loan amounting to £336,200 from Shevick Sales Corporation. The loan is repayable after more than 1 year.

The company received a loan of £49,999 from Shevick Investments LLC. The loan is repayable after more than 1 year.

Mr. K. Shevick is a director of The Burgess Bedding Company Limited and is also a director of and controls Shevick Sales Corporation and Shevick Investments LLC.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr. K. Shevick and Mr. M. J. Dwyer who together control 100% of the issued share capital.