KOZEE SLEEP (MIDLANDS) LIMITED

Company Registration Number:
02049788 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

KOZEE SLEEP (MIDLANDS) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

KOZEE SLEEP (MIDLANDS) LIMITED

Directors' report period ended 30 April 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Principal activities of the company

The company's principal activity during the year continued to be that of bed manufacture.



Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023

M Zahoor
N Zahoor


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 June 2023

And signed on behalf of the board by:
Name: M Zahoor
Status: Director

KOZEE SLEEP (MIDLANDS) LIMITED

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 978,816 994,708
Total fixed assets: 978,816 994,708
Current assets
Stocks: 4 962,685 983,816
Debtors: 5 519,847 1,179,766
Cash at bank and in hand: 225,964 332,274
Total current assets: 1,708,496 2,495,856
Creditors: amounts falling due within one year: 6 ( 878,055 ) ( 1,614,840 )
Net current assets (liabilities): 830,441 881,016
Total assets less current liabilities: 1,809,257 1,875,724
Provision for liabilities: ( 96,138 ) ( 93,102 )
Total net assets (liabilities): 1,713,119 1,782,622
Capital and reserves
Called up share capital: 10,000 10,000
Other reserves: 222,451 222,451
Profit and loss account: 1,480,668 1,550,171
Total Shareholders' funds: 1,713,119 1,782,622

The notes form part of these financial statements

KOZEE SLEEP (MIDLANDS) LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 June 2023
and signed on behalf of the board by:

Name: M Zahoor
Status: Director

The notes form part of these financial statements

KOZEE SLEEP (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years

KOZEE SLEEP (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 77 76

KOZEE SLEEP (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 550,000 3,891,521 4,441,521
Additions 103,281 103,281
Disposals
Revaluations
Transfers
At 30 April 2023 550,000 3,994,802 4,544,802
Depreciation
At 1 May 2022 141,014 3,305,799 3,446,813
Charge for year 12,650 106,523 119,173
On disposals
Other adjustments
At 30 April 2023 153,664 3,412,322 3,565,986
Net book value
At 30 April 2023 396,336 582,480 978,816
At 30 April 2022 408,986 585,722 994,708

KOZEE SLEEP (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Stocks

2023 2022
£ £
Stocks 962,685 983,816
Total 962,685 983,816

KOZEE SLEEP (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Debtors

2023 2022
£ £
Trade debtors 320,847 661,766
Other debtors 199,000 518,000
Total 519,847 1,179,766

KOZEE SLEEP (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 769,602 1,436,732
Taxation and social security 108,453 116,856
Other creditors 61,252
Total 878,055 1,614,840