2023-04-01 SC560918 2024-03-31 SC560918 2023-04-01 2024-03-31 SC560918 2023-03-31 SC560918 2022-04-01 2023-03-31 SC560918 uk-core:WithinOneYear 2023-03-31 SC560918 uk-core:WithinOneYear 2024-03-31 SC560918 uk-core:AfterOneYear 2023-03-31 SC560918 uk-core:AfterOneYear 2024-03-31 SC560918 uk-core:ShareCapital 2024-03-31 SC560918 uk-core:ShareCapital 2023-03-31 SC560918 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC560918 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC560918 uk-bus:Director1 2023-04-01 2024-03-31 SC560918 uk-core:NetGoodwill 2023-04-01 2024-03-31 SC560918 uk-core:PlantMachinery 2023-04-01 2024-03-31 SC560918 uk-core:ComputerEquipment 2023-04-01 2024-03-31 SC560918 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 SC560918 uk-core:Goodwill 2023-03-31 SC560918 uk-core:Goodwill 2024-03-31 SC560918 uk-core:Goodwill 2023-04-01 2024-03-31 SC560918 uk-core:ComputerEquipment 2023-03-31 SC560918 uk-core:CommercialMotorVehicles 2023-03-31 SC560918 uk-core:PlantMachinery 2023-03-31 SC560918 uk-core:PlantMachinery 2024-03-31 SC560918 uk-core:CommercialMotorVehicles 2024-03-31 SC560918 uk-core:ComputerEquipment 2024-03-31 SC560918 uk-core:WithinOneYear 2024-03-31 SC560918 uk-core:WithinOneYear 2023-03-31 SC560918 uk-core:AfterOneYear uk-core:Secured 2024-03-31 SC560918 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure SC560918 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC560918 uk-bus:FRS102 2023-04-01 2024-03-31 SC560918 uk-bus:FullAccounts 2023-04-01 2024-03-31 SC560918 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Its Bed And Pine Limited
Registered Number:SC560918
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Its Bed And Pine Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
SC560918
As at 31 March 2024
Its Bed And Pine Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
9,900
13,200
2
Property, plant and equipment
13,384
13,306
3
23,284
26,506
Current assets
Inventories
66,601
81,576
4
Trade and other receivables
2,653
2,978
5
119,270
Cash and cash equivalents
158,474
243,028
188,524
Trade and other payables: amounts falling due within one
year
(77,754)
(107,005)
6
110,770
136,023
Net current assets
Total assets less current liabilities
159,307
137,276
Trade and other payables: amounts falling due after more
than one year
(13,970)
(12,193)
7
147,114
Net assets
123,306
Capital and reserves
Called up share capital
100
100
Retained earnings
147,014
123,206
147,114
123,306
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D Mackenzie Director
These financial statements were approved and authorised for issue by the Board on 12 July 2024 and were signed by:
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4
Registered Number :
SC560918
For the year ended 31 March 2024
Its Bed And Pine Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Its Bed And Pine Limited
Notes to the Financial Statements
Statutory Information
Its Bed And Pine Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC560918.
Registered address:
20 Wallsgreen Road
Cardenden
Lochgelly
Scotland
KY5 0JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in April 2017, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25.00% Reducing balance
25.00% Reducing balance
Office Equipment
25.00% Reducing balance
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 March 2024
Its Bed And Pine Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
33,000
At 31 March 2024
33,000
Amortisation
At 01 April 2023
19,800
3,300
Charge for year
At 31 March 2024
23,100
Net book value
At 31 March 2024
9,900
At 31 March 2023
13,200
3. Property, plant and equipment
Total
Office
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
47,608
549
31,695
15,364
4,538
1,917
-
2,621
Additions
At 31 March 2024
17,985
31,695
2,466
52,146
Provision for depreciation and impairment
At 01 April 2023
34,302
317
22,371
11,614
Charge for year
4,460
537
2,331
1,592
At 31 March 2024
38,762
854
24,702
13,206
At 31 March 2024
Net book value
4,779
6,993
1,612
13,384
At 31 March 2023
3,750
9,324
232
13,306
4. Inventories
2023
2024
£
£
Stocks
81,576
66,601
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For the year ended 31 March 2024
Its Bed And Pine Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Other debtors
2,978
2,653
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
6,000
6,000
Trade creditors
33,065
23,029
Taxation and social security
36,508
22,260
Other creditors
31,432
26,465
107,005
77,754
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
7,000
13,000
Other creditors
5,193
970
12,193
13,970
8. Average number of persons employed
During the year the average number of employees was 8 (2023 : 8)
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