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Company Registration No. 10820067 (England and Wales)
Bedfolk Limited Unaudited accounts for the year ended 30 June 2023
Bedfolk Limited Unaudited accounts Contents
Page
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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
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Bedfolk Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,221 
5,668 
Tangible assets
38,876 
60,093 
43,097 
65,761 
Current assets
Inventories
612,663 
688,944 
Debtors
163,867 
115,671 
Cash at bank and in hand
191,685 
361,884 
968,215 
1,166,499 
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
Deferred tax
- 
(11,412)
Net assets
397,519 
613,745 
Capital and reserves
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
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Bedfolk Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
7,236 
At 30 June 2023
7,236 
Amortisation
At 1 July 2022
1,568 
Charge for the year
1,447 
At 30 June 2023
3,015 
Net book value
At 30 June 2023
4,221 
At 30 June 2022
5,668 
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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 
Depreciation
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 
Net book value
At 30 June 2023
949 
28,576 
9,351 
38,876 
At 30 June 2022
- 
38,697 
21,396 
60,093 
6
Debtors
2023 
2022 
£ 
£ 
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 
163,867 
115,671 
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 
Accruals
3,659 
36,353 
585,793 
579,069 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
28,000 
28,034 
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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 
50,325 
212,188 
10
Average number of employees
During the year the average number of employees was 12 (2022: 17).
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