IRIS Accounts Production v23.4.0.336 04492058 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044920582022-08-31044920582023-08-31044920582022-09-012023-08-31044920582021-08-31044920582021-09-012022-08-31044920582022-08-3104492058ns15:EnglandWales2022-09-012023-08-3104492058ns14:PoundSterling2022-09-012023-08-3104492058ns10:Director12022-09-012023-08-3104492058ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3104492058ns10:SmallEntities2022-09-012023-08-3104492058ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3104492058ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3104492058ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3104492058ns10:FullAccounts2022-09-012023-08-310449205812022-09-012023-08-3104492058ns10:Director22022-09-012023-08-3104492058ns10:Director32022-09-012023-08-3104492058ns10:CompanySecretary12022-09-012023-08-3104492058ns10:RegisteredOffice2022-09-012023-08-3104492058ns5:CurrentFinancialInstruments2023-08-3104492058ns5:CurrentFinancialInstruments2022-08-3104492058ns5:ShareCapital2023-08-3104492058ns5:ShareCapital2022-08-3104492058ns5:RetainedEarningsAccumulatedLosses2023-08-3104492058ns5:RetainedEarningsAccumulatedLosses2022-08-3104492058ns5:NetGoodwill2022-09-012023-08-3104492058ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3104492058ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-09-012023-08-3104492058ns5:ShortLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3104492058ns5:FurnitureFittings2022-09-012023-08-3104492058ns5:MotorVehicles2022-09-012023-08-3104492058ns5:ComputerEquipment2022-09-012023-08-3104492058ns5:NetGoodwill2022-08-3104492058ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-08-3104492058ns5:NetGoodwill2023-08-3104492058ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-3104492058ns5:NetGoodwill2022-08-3104492058ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-08-3104492058ns5:LandBuildings2022-08-3104492058ns5:PlantMachinery2022-08-3104492058ns5:LandBuildings2022-09-012023-08-3104492058ns5:PlantMachinery2022-09-012023-08-3104492058ns5:LandBuildings2023-08-3104492058ns5:PlantMachinery2023-08-3104492058ns5:LandBuildings2022-08-3104492058ns5:PlantMachinery2022-08-3104492058ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-3104492058ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3104492058ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3104492058ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-3104492058ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3104492058ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 04492058 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Linthorpe Bed Centre Limited

Linthorpe Bed Centre Limited (Registered number: 04492058)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Linthorpe Bed Centre Limited

Company Information
for the year ended 31 August 2023







DIRECTORS: K Humble
S J Humble
C Curtis





SECRETARY: S J Humble





REGISTERED OFFICE: Lustrum Avenue
Portrack Lane
Stockton On Tees
TS18 2RB





REGISTERED NUMBER: 04492058 (England and Wales)





ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Linthorpe Bed Centre Limited (Registered number: 04492058)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,247 18,402
Tangible assets 5 192,376 241,092
212,623 259,494

CURRENT ASSETS
Stocks 6 435,239 376,999
Debtors 7 84,498 95,864
Cash at bank and in hand 771,096 631,085
1,290,833 1,103,948
CREDITORS
Amounts falling due within one year 8 928,542 828,851
NET CURRENT ASSETS 362,291 275,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

574,914

534,591

PROVISIONS FOR LIABILITIES 30,041 33,790
NET ASSETS 544,873 500,801

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 544,773 500,701
SHAREHOLDERS' FUNDS 544,873 500,801

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

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

Linthorpe Bed Centre Limited (Registered number: 04492058)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





K Humble - Director


Linthorpe Bed Centre Limited (Registered number: 04492058)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Linthorpe Bed Centre 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.

The financial statements have been prepared on the going concern basis,which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of twenty years.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Linthorpe Bed Centre Limited (Registered number: 04492058)

Notes to the Financial Statements - continued
for the year ended 31 August 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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 September 2022 150,000 38,720 188,720
Additions - 6,395 6,395
At 31 August 2023 150,000 45,115 195,115
AMORTISATION
At 1 September 2022 150,000 20,318 170,318
Amortisation for year - 4,550 4,550
At 31 August 2023 150,000 24,868 174,868
NET BOOK VALUE
At 31 August 2023 - 20,247 20,247
At 31 August 2022 - 18,402 18,402

Linthorpe Bed Centre Limited (Registered number: 04492058)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 44,273 421,779 466,052
Additions - 10,466 10,466
Disposals - (31,514 ) (31,514 )
At 31 August 2023 44,273 400,731 445,004
DEPRECIATION
At 1 September 2022 33,700 191,260 224,960
Charge for year 3,453 53,485 56,938
Eliminated on disposal - (29,270 ) (29,270 )
At 31 August 2023 37,153 215,475 252,628
NET BOOK VALUE
At 31 August 2023 7,120 185,256 192,376
At 31 August 2022 10,573 230,519 241,092

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022 22,000
Transfer to ownership (22,000 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 18,984
Charge for year 754
Transfer to ownership (19,738 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 3,016

6. STOCKS
2023 2022
£    £   
Goods for resale 435,239 376,999

Linthorpe Bed Centre Limited (Registered number: 04492058)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 84,498 95,864

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 300,320 288,030
Taxation and social security 225,744 126,312
Other creditors 402,478 414,509
928,542 828,851