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REGISTERED NUMBER: 06298357 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

COMFORT MATTRESS LIMITED

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMFORT MATTRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J E Roberts-Mundy
S R O Mundy





SECRETARY: J E Roberts-Mundy





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 06298357 (England and Wales)






COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 445,549 464,370
Investment property 5 - 239,342
445,549 703,712

CURRENT ASSETS
Stocks 550,000 539,538
Debtors 6 115,108 161,111
Cash at bank and in hand 444,368 134,229
1,109,476 834,878
CREDITORS
Amounts falling due within one year 7 322,270 288,723
NET CURRENT ASSETS 787,206 546,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,232,755

1,249,867

CREDITORS
Amounts falling due after more than one
year

8

(242,018

)

(332,162

)

PROVISIONS FOR LIABILITIES (5,892 ) (5,892 )
NET ASSETS 984,845 911,813

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 984,645 911,613
SHAREHOLDERS' FUNDS 984,845 911,813

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

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

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

BALANCE SHEET - continued
31 JULY 2023


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

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 19 January 2024 and were signed on its behalf by:




J E Roberts-Mundy - Director



S R O Mundy - Director


COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

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


1. STATUTORY INFORMATION

Comfort Mattress 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold properties - 2% on cost
Motor vehicles - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 33% on cost
Computer equipment - 15% on reducing balance

Land is not depreciated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Plant and
properties vehicles machinery
£    £    £   
COST
At 1 August 2022 504,074 33,650 10,301
Disposals - (13,400 ) -
At 31 July 2023 504,074 20,250 10,301
DEPRECIATION
At 1 August 2022 65,883 16,265 7,387
Charge for year 10,081 3,671 437
Eliminated on disposal - (10,021 ) -
At 31 July 2023 75,964 9,915 7,824
NET BOOK VALUE
At 31 July 2023 428,110 10,335 2,477
At 31 July 2022 438,191 17,385 2,914

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Office Computer
fittings equipment equipment Totals
£    £    £    £   
COST
At 1 August 2022 8,557 5,105 10,580 572,267
Disposals - - - (13,400 )
At 31 July 2023 8,557 5,105 10,580 558,867
DEPRECIATION
At 1 August 2022 8,208 4,699 5,455 107,897
Charge for year 89 395 769 15,442
Eliminated on disposal - - - (10,021 )
At 31 July 2023 8,297 5,094 6,224 113,318
NET BOOK VALUE
At 31 July 2023 260 11 4,356 445,549
At 31 July 2022 349 406 5,125 464,370

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 239,342
Disposals (239,342 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 239,342

The directors consider the open market value of the investment property owned by the company to be consistent with the above net book value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,022 110,399
Other debtors 11,170 15,000
VAT 38,268 27,068
Prepayments and accrued income 7,648 8,644
115,108 161,111

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 95,747 90,839
Trade creditors 159,059 130,836
Corporation tax 30,698 19,994
Social security and other taxes 2,124 4,365
Other Creditors 56 -
Directors' loan account 19,862 34,638
Wages Control - 1,296
Pension 1,067 784
Accruals 13,657 5,971
322,270 288,723

The bank loan is secured by way of a debenture incorporating a fixed and floating charge held by legal mortgage over the assets and undertakings of the company. In addition, the freehold properties are further secured by way of two additional legal mortgage charges.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 242,018 332,162

The bank loan is secured by way of a debenture incorporating a fixed and floating charge held by legal mortgage over the assets and undertakings of the company. In addition, the freehold properties are further secured by way of two additional legal mortgage charges.

During the year, the company undertook a bank loan under the Coronavirus Business Interruption Loan Scheme (CBILS). No interest is payable by the company in year one, being 5% per annum from year two onwards.

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loan 32,879 32,879
Bank loan 62,868 57,960
95,747 90,839

Amounts falling due between one and two years:
Bank loans 149,035 183,652
Bank loan 92,983 148,510
242,018 332,162

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

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


10. RELATED PARTY DISCLOSURES

No one entity has control or ultimate control of the company.

At the year end the company owed an amount of £19,862 (2022: £34,638) to S R O Mundy and J E Roberts-Mundy, directors. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms in place.