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REGISTERED NUMBER: 07454335 (England and Wales)




















THE BETTER SLEEP COMPANY LIMITED

Unaudited Financial Statements

for the Year Ended 30 November 2023






THE BETTER SLEEP COMPANY LIMITED (REGISTERED NUMBER: 07454335)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BETTER SLEEP COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr L Taylor





REGISTERED OFFICE: Unit 2C
Walsden Industrial Estate
Todmorden
OL14 6UD





REGISTERED NUMBER: 07454335 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

THE BETTER SLEEP COMPANY LIMITED (REGISTERED NUMBER: 07454335)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,265 6,225
Tangible assets 5 3,456 3,610
5,721 9,835

CURRENT ASSETS
Stocks 90,500 88,000
Debtors 6 23,598 22,415
Cash at bank 301,469 323,727
415,567 434,142
CREDITORS
Amounts falling due within one year 7 72,313 67,329
NET CURRENT ASSETS 343,254 366,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,975

376,648

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 348,875 376,548
SHAREHOLDERS' FUNDS 348,975 376,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2024 and were signed by:




Mr L Taylor - Director


THE BETTER SLEEP COMPANY LIMITED (REGISTERED NUMBER: 07454335)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

The Better Sleep Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2022 - 2 ) .

THE BETTER SLEEP COMPANY LIMITED (REGISTERED NUMBER: 07454335)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 20,000 29,435 49,435
AMORTISATION
At 1 December 2022 20,000 23,210 43,210
Charge for year - 3,960 3,960
At 30 November 2023 20,000 27,170 47,170
NET BOOK VALUE
At 30 November 2023 - 2,265 2,265
At 30 November 2022 - 6,225 6,225

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 35,836
Additions 1,116
At 30 November 2023 36,952
DEPRECIATION
At 1 December 2022 32,226
Charge for year 1,270
At 30 November 2023 33,496
NET BOOK VALUE
At 30 November 2023 3,456
At 30 November 2022 3,610

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,302 21,297
Other debtors 1,296 1,118
23,598 22,415

THE BETTER SLEEP COMPANY LIMITED (REGISTERED NUMBER: 07454335)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 53,016 51,825
Taxation and social security 17,920 15,237
Other creditors 1,377 267
72,313 67,329

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Taylor.