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Company Registration No. 07742896 (England and Wales)
The Sleep School Limited Unaudited accounts for the year ended 31 March 2023
The Sleep School Limited Unaudited accounts Contents
Page
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The Sleep School Limited Company Information for the year ended 31 March 2023
Directors
Adrian Baxter Dr. Guy Meadows
Company Number
07742896 (England and Wales)
Registered Office
SOHO WORKS, 2, TELEVISION CENTRE 101 WOOD LANE LONDON W12 7FR ENGLAND
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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The Sleep School Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
59,385 
79,978 
Tangible assets
534 
311 
59,919 
80,289 
Current assets
Debtors
80,805 
213,354 
Cash at bank and in hand
145,039 
143,890 
225,844 
357,244 
Creditors: amounts falling due within one year
(203,168)
(235,620)
Net current assets
22,676 
121,624 
Total assets less current liabilities
82,595 
201,913 
Creditors: amounts falling due after more than one year
(97,270)
(107,029)
Net (liabilities)/assets
(14,675)
94,884 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(14,775)
94,784 
Shareholders' funds
(14,675)
94,884 
For the year ending 31 March 2023 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 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 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 of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
Adrian Baxter Director Company Registration No. 07742896
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The Sleep School Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
The Sleep School Limited is a private company, limited by shares, registered in England and Wales, registration number 07742896. The registered office is SOHO WORKS, 2, TELEVISION CENTRE, 101 WOOD LANE, LONDON, W12 7FR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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:
Computer equipment
2 years useful life
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been charged over three years.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Sleep School Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
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The Sleep School Limited Notes to the Accounts for the year ended 31 March 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
236,610 
Additions
28,300 
Disposals
(100,333)
At 31 March 2023
164,577 
Amortisation
At 1 April 2022
156,632 
On disposals
(85,967)
Charge for the year
34,527 
At 31 March 2023
105,192 
Net book value
At 31 March 2023
59,385 
At 31 March 2022
79,978 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,020 
Additions
389 
At 31 March 2023
5,409 
Depreciation
At 1 April 2022
4,709 
Charge for the year
166 
At 31 March 2023
4,875 
Net book value
At 31 March 2023
534 
At 31 March 2022
311 
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The Sleep School Limited Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,434 
209,565 
Accrued income and prepayments
15,371 
3,056 
Other debtors
- 
733 
80,805 
213,354 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,761 
32,643 
VAT
10,420 
33,110 
Trade creditors
4,451 
8,188 
Taxes and social security
17,393 
(640)
Other creditors
- 
5,613 
Loans from directors
7,443 
(12,530)
Accruals
1,362 
- 
Deferred income
152,338 
169,236 
203,168 
235,620 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
97,270 
107,029 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Adrian Baxter
Director's Loan Accounts
7,530 
43,658 
60,124 
(8,936)
Dr. Guy Meadows
Director's Loan Accounts
5,000 
36,570 
40,078 
1,492 
12,530 
80,228 
100,202 
(7,444)
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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