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REGISTERED NUMBER: 06866572 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THE M6 BED WAREHOUSE LIMITED

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 85,380 21,367
85,381 21,368

CURRENT ASSETS
Stocks 84,000 141,472
Debtors 6 295,738 231,235
Cash at bank and in hand 576,179 595,367
955,917 968,074
CREDITORS
Amounts falling due within one year 7 403,720 386,964
NET CURRENT ASSETS 552,197 581,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,578

602,478

CREDITORS
Amounts falling due after more than one year 8 (63,365 ) (44,134 )

PROVISIONS FOR LIABILITIES (21,345 ) (4,060 )
NET ASSETS 552,868 554,284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 552,768 554,184
SHAREHOLDERS' FUNDS 552,868 554,284

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 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.

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

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





J L Mitchell - Director


THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

The M6 Bed Warehouse Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06866572

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. Revenue is reduced for customer returns, discounts allowed and excludes VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and the pension charge represents the amount payable by the company to the fund in respect of the year.

Going concern
The Directors have a reasonable expectation that the business has adequate resources to continue in operational existence for the foreseeable future. The period which they have considered in their assessment is at least 12 months from the date of approval of these financial statements. They thus continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 22,000
AMORTISATION
At 1 December 2022
and 30 November 2023 21,999
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 22,611 62,070 11,549 96,230
Additions - 81,610 - 81,610
Disposals (22,611 ) (35 ) (4,810 ) (27,456 )
At 30 November 2023 - 143,645 6,739 150,384
DEPRECIATION
At 1 December 2022 18,772 47,076 9,015 74,863
Charge for year 1,280 11,801 1,588 14,669
Eliminated on disposal (20,052 ) (35 ) (4,441 ) (24,528 )
At 30 November 2023 - 58,842 6,162 65,004
NET BOOK VALUE
At 30 November 2023 - 84,803 577 85,380
At 30 November 2022 3,839 14,994 2,534 21,367

Fixed assets with a net book value of £82,182 (2022: £14,994) have been acquired under hire purchase arrangements. The depreciation charged in the year was £10,487 (2022: £4,998).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,736 34,867
Other debtors 231,002 196,368
295,738 231,235

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,783 16,667
Hire purchase contracts (see note 9) 8,709 6,676
Trade creditors 203,043 193,698
Taxation and social security 136,735 127,362
Other creditors 43,450 42,561
403,720 386,964

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 41,667
Hire purchase contracts (see note 9) 63,365 2,467
63,365 44,134

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,709 6,676
Between one and five years 63,365 2,467
72,074 9,143

Operating lease payments falling due in respect of property leases are:

2023 2022
£ £
Within one year 49,533 49,533
Between two and five years 161,808 198,132
In more than five years - 13,209
211,341 260.874

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase liabilities 72,074 9,143

The hire purchase liabilities are secured on the assets concerned.

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J L Mitchell and D A Mitchell
Balance outstanding at start of year 173,731 174,500
Amounts advanced 202,122 174,510
Amounts repaid (173,731 ) (175,279 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,122 173,731

Interest is charged on the loan.

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,481 (2022: £1,046) were due to the fund. They are included in other creditors.