Registered number
08426920
Westend Bed Company Ltd
Filleted Accounts
31 December 2023
Westend Bed Company Ltd
Registered number: 08426920
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 81,392 87,267
Current assets
Stocks 238,285 237,636
Debtors 4 151,426 143,862
Cash at bank and in hand 14,971 109,900
404,682 491,398
Creditors: amounts falling due within one year 5 (92,997) (77,229)
Net current assets 311,685 414,169
Total assets less current liabilities 393,077 501,436
Creditors: amounts falling due after more than one year 6 (146,107) (180,186)
Net assets 246,970 321,250
Capital and reserves
Called up share capital 100 100
Profit and loss account 246,870 321,150
Shareholders' funds 246,970 321,250
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
B M Cooper
Director
Approved by the board on 6 July 2024
Westend Bed Company Ltd
Notes to the Accounts
for the year ended 31 December 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Plant and machinery 25% Reducing Balance Basis
Office Equipment 25% Reducing Balance Basis
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. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Office Equipment Total
£ £ £ £
Cost
At 1 January 2023 59,176 98,612 3,903 161,691
Additions - - 2,141 2,141
At 31 December 2023 59,176 98,612 6,044 163,832
Depreciation
At 1 January 2023 1,834 69,423 3,167 74,424
Charge for the year - 7,297 719 8,016
At 31 December 2023 1,834 76,720 3,886 82,440
Net book value
At 31 December 2023 57,342 21,892 2,158 81,392
At 31 December 2022 57,342 29,189 736 87,267
4 Debtors 2023 2022
£ £
Trade debtors 141,976 138,862
Other debtors 9,450 5,000
151,426 143,862
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 64,112 57,767
Taxation and social security costs 8,885 19,462
Other creditors 20,000 -
92,997 77,229
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 146,107 180,186
7 Other information
Westend Bed Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
215 Upper Richmond Road
East Sheen
London
SW14 8QT
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