Registered number
04264320
Derby Bed Centre Limited
Filleted Accounts
31 August 2023
Derby Bed Centre Limited
Registered number: 04264320
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,666 2,048
Current assets
Stocks 14,133 20,757
Debtors 4 33,313 30,601
Cash at bank and in hand 5,970 7,748
53,416 59,106
Creditors: amounts falling due within one year 5 (30,292) (36,984)
Net current assets 23,124 22,122
Total assets less current liabilities 24,790 24,170
Creditors: amounts falling due after more than one year 6 (24,689) (23,918)
Net assets 101 252
Capital and reserves
Called up share capital 101 101
Profit and loss account - 151
Shareholder's funds 101 252
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Johnson
Director
Approved by the board on 28 February 2024
Derby Bed Centre Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Fixtures, fittings, tools and equipment 15% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Grants
Revenue grants are recognised in the profit and loss account so as to match them with expenditure towards which they are intended to contribute.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment and fixtures
£
Cost
At 1 September 2022 10,456
At 31 August 2023 10,456
Depreciation
At 1 September 2022 8,408
Charge for the year 382
At 31 August 2023 8,790
Net book value
At 31 August 2023 1,666
At 31 August 2022 2,048
4 Debtors 2023 2022
£ £
Trade debtors 2,149 637
Directors loan account 31,164 29,964
33,313 30,601
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,498 3,498
Corporation tax 5,829 1,082
Trade creditors 18,047 16,502
Taxation and social security costs 34 10,601
Other creditors 2,884 5,301
30,292 36,984
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,689 23,918
7 Other information
Derby Bed Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
279 Nottingham Road
Derby
Derbyshire
DE21 6FP
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