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REGISTERED NUMBER: SC321734 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BED STOP (STIRLING) LIMITED

BED STOP (STIRLING) LIMITED (REGISTERED NUMBER: SC321734)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


BED STOP (STIRLING) LIMITED (REGISTERED NUMBER: SC321734)

ABRIDGED BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271,754 274,607

CURRENT ASSETS
Stocks 9,110 8,817
Debtors 79,225 33,004
Cash at bank 56,681 45,224
145,016 87,045
CREDITORS
Amounts falling due within one year 303,043 275,737
NET CURRENT LIABILITIES (158,027 ) (188,692 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,727

85,915

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 113,726 85,914
SHAREHOLDERS' FUNDS 113,727 85,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

BED STOP (STIRLING) LIMITED (REGISTERED NUMBER: SC321734)

ABRIDGED BALANCE SHEET - continued
30 June 2023



The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:





G Cummings - Director


BED STOP (STIRLING) LIMITED (REGISTERED NUMBER: SC321734)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Bed Stop (Stirling) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC321734

Registered office: 23 Glen Douglas Drive
Cumbernauld
Glasgow
G68 0DW

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 and revenue recognition
Turnover represents net invoiced sales of home furniture, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 4 ) .

BED STOP (STIRLING) LIMITED (REGISTERED NUMBER: SC321734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 293,816
DEPRECIATION
At 1 July 2022 19,209
Charge for year 2,853
At 30 June 2023 22,062
NET BOOK VALUE
At 30 June 2023 271,754
At 30 June 2022 274,607

5. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Other loans 159,462 169,612

6. ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by the director.