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Company Registration No. 11126163 (England and Wales)
Sleep Village Ltd Unaudited accounts for the year ended 31 December 2022
Sleep Village Ltd Unaudited accounts Contents
Page
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Sleep Village Ltd Company Information for the year ended 31 December 2022
Director
Harun Nawaz
Company Number
11126163 (England and Wales)
Registered Office
3 Ravens Grove Dewsbury WF13 3QH
Accountants
CGI Accountants Ltd Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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Sleep Village Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,994 
10,351 
Current assets
Inventories
28,540 
26,116 
Debtors
26,417 
25,000 
Cash at bank and in hand
4,227 
50,419 
59,184 
101,535 
Creditors: amounts falling due within one year
(49,039)
(79,851)
Net current assets
10,145 
21,684 
Total assets less current liabilities
18,139 
32,035 
Creditors: amounts falling due after more than one year
(27,379)
(36,474)
Net liabilities
(9,240)
(4,439)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(9,241)
(4,440)
Shareholders' funds
(9,240)
(4,439)
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 16 November 2023 and were signed on its behalf by
Harun Nawaz Director Company Registration No. 11126163
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Sleep Village Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Sleep Village Ltd is a private company, limited by shares, registered in England and Wales, registration number 11126163. The registered office is 3 Ravens Grove, Dewsbury, WF13 3QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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Sleep Village Ltd Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
10,167 
7,238 
17,405 
At 31 December 2022
10,167 
7,238 
17,405 
Depreciation
At 1 January 2022
4,448 
2,606 
7,054 
Charge for the year
1,430 
927 
2,357 
At 31 December 2022
5,878 
3,533 
9,411 
Net book value
At 31 December 2022
4,289 
3,705 
7,994 
At 31 December 2021
5,719 
4,632 
10,351 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due after more than one year
Other debtors
26,417 
25,000 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
11,010 
11,160 
VAT
1,667 
1,059 
Trade creditors
34,739 
46,999 
Taxes and social security
2 
6,123 
Proposed dividends
- 
13,000 
Other creditors
195 
1,510 
Accruals
1,426 
- 
49,039 
79,851 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
22,379 
33,239 
Other creditors
5,000 
- 
Loans from directors
- 
3,235 
27,379 
36,474 
8
Average number of employees
During the year the average number of employees was 2 (2021: 3).
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