1 August 2022 false No description of principal activity Taxfiler 2024.5 12094041business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120940412022-07-31 120940412022-08-012023-07-31 12094041business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12094041business:FilletedAccounts2022-08-012023-07-31 120940412023-07-31 12094041business:Director12022-08-012023-07-31 12094041business:RegisteredOffice2022-08-012023-07-31 120940412022-07-31 12094041core:WithinOneYear2023-07-31 12094041core:WithinOneYear2022-07-31 12094041core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12094041core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12094041core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12094041core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12094041core:PreviouslyStatedAmount2023-07-31 12094041core:PreviouslyStatedAmount2022-07-31 12094041business:SmallEntities2022-08-012023-07-31 12094041countries:EnglandWales2022-08-012023-07-31 12094041core:PlantMachinery2022-08-012023-07-31 12094041core:PlantMachinery2022-07-31 12094041core:PlantMachinery2023-07-31 120940412021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12094041 (England and Wales)
HUGO BEDS LTD unaudited financial statements for the year ended 31 July 2023
HUGO BEDS LTD unaudited financial statements Contents
Page
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HUGO BEDS LTD Company Information for the year ended 31 July 2023
Director
Suhail Nazir PATEL
Company Number
12094041 (England and Wales)
Registered Office
UNIT 1 BULLRUSH MILLS BRADFORD ROAD BATLEY WF17 8HF ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of HUGO BEDS LTD for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HUGO BEDS LTD for the year ended 31 July 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 4 July 2024
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HUGO BEDS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,776 
19,720 
Current assets
Inventories
- 
33,216 
Debtors
1 
1 
Cash at bank and in hand
32,192 
25,222 
32,193 
58,439 
Creditors: amounts falling due within one year
(34,907)
(44,688)
Net current (liabilities)/assets
(2,714)
13,751 
Net assets
13,062 
33,471 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,061 
33,470 
Shareholders' funds
13,062 
33,471 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 4 July 2024 and were signed on its behalf by
Suhail Nazir PATEL Director Company Registration No. 12094041
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HUGO BEDS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
HUGO BEDS LTD is a private company, limited by shares, registered in England and Wales, registration number 12094041. The registered office is UNIT 1 BULLRUSH MILLS, BRADFORD ROAD, BATLEY, WF17 8HF, ENGLAND.
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.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Plant & machinery
20% diminishing balance method.
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HUGO BEDS LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
24,650 
At 31 July 2023
24,650 
Depreciation
At 1 August 2022
4,930 
Charge for the year
3,944 
At 31 July 2023
8,874 
Net book value
At 31 July 2023
15,776 
At 31 July 2022
19,720 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1 
1 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,961 
Trade creditors
- 
12,831 
Taxes and social security
- 
5,596 
Other creditors
18,300 
18,300 
Loans from directors
16,607 
4,000 
34,907 
44,688 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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