Company Registration No. 10820067 (England and Wales)
Bedfolk Limited
Unaudited accounts
for the year ended 30 June 2023
Bedfolk Limited
Unaudited accounts
Contents
Bedfolk Limited
Company Information
for the year ended 30 June 2023
Directors
Nicholas James
Joanna James
Matthew Cushen
Emily Bullman
Company Number
10820067 (England and Wales)
Registered Office
Unit 42b Lansdown Industrial Estate
Gloucester Road
Cheltenham
Gloucestershire
GL51 8PL
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Bedfolk Limited
Statement of financial position
as at 30 June 2023
Intangible assets
4,221
5,668
Tangible assets
38,876
60,093
Inventories
612,663
688,944
Cash at bank and in hand
191,685
361,884
Creditors: amounts falling due within one year
(585,793)
(579,069)
Net current assets
382,422
587,430
Total assets less current liabilities
425,519
653,191
Creditors: amounts falling due after more than one year
(28,000)
(28,034)
Provisions for liabilities
Net assets
397,519
613,745
Called up share capital
184
184
Share premium
2,572,624
2,430,566
Profit and loss account
(2,175,289)
(1,817,005)
Shareholders' funds
397,519
613,745
For the year ending 30 June 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 8 February 2024 and were signed on its behalf by
Nicholas James
Director
Company Registration No. 10820067
Bedfolk Limited
Notes to the Accounts
for the year ended 30 June 2023
Bedfolk Limited is a private company, limited by shares, registered in England and Wales, registration number 10820067. The registered office is Unit 42b Lansdown Industrial Estate, Gloucester Road, Cheltenham, Gloucestershire, GL51 8PL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
33.3% Straight Line
Computer equipment
33.3% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
4
Intangible fixed assets
Other
Bedfolk Limited
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
-
61,030
37,676
98,706
Additions
949
14,769
-
15,718
Disposals
-
(5,661)
-
(5,661)
At 30 June 2023
949
70,138
37,676
108,763
At 1 July 2022
-
22,333
16,280
38,613
Charge for the year
-
22,472
12,045
34,517
On disposals
-
(3,243)
-
(3,243)
At 30 June 2023
-
41,562
28,325
69,887
At 30 June 2023
949
28,576
9,351
38,876
At 30 June 2022
-
38,697
21,396
60,093
Amounts falling due within one year
Trade debtors
94,172
2,055
Accrued income and prepayments
53,225
77,391
Other debtors
16,470
36,225
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
142,656
276,969
Taxes and social security
131,287
32,928
Other creditors
219,822
144,450
Loans from directors
88,369
88,369
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
28,000
28,034
Bedfolk Limited
Notes to the Accounts
for the year ended 30 June 2023
9
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
-
106,963
Later than five years
50,325
105,225
10
Average number of employees
During the year the average number of employees was 12 (2022: 17).