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REGISTERED NUMBER: 08777098 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bundle Beds Ltd

Bundle Beds Ltd (Registered number: 08777098)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bundle Beds Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L R Bartlett
Mr R Y Solari





SECRETARY:





REGISTERED OFFICE: 157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 08777098 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Bundle Beds Ltd (Registered number: 08777098)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,547 1,076

CURRENT ASSETS
Stocks 28,199 29,925
Debtors 5 10 9
Cash at bank 911 14,559
29,120 44,493
CREDITORS
Amounts falling due within one year 6 41,186 41,117
NET CURRENT (LIABILITIES)/ASSETS (12,066 ) 3,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,519

)

4,452

CREDITORS
Amounts falling due after more than one year 7 5,008 8,647
NET LIABILITIES (15,527 ) (4,195 )

CAPITAL AND RESERVES
Called up share capital 8 14 14
Share premium 149,998 149,998
Retained earnings (165,539 ) (154,207 )
SHAREHOLDERS' FUNDS (15,527 ) (4,195 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:



Mr R Y Solari - Director


Bundle Beds Ltd (Registered number: 08777098)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bundle Beds Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on reducing balance

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Bundle Beds Ltd (Registered number: 08777098)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 2,647
Additions 1,106
At 31 March 2024 3,753
DEPRECIATION
At 1 April 2023 1,571
Charge for year 635
At 31 March 2024 2,206
NET BOOK VALUE
At 31 March 2024 1,547
At 31 March 2023 1,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 10 9

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,535 3,431
Other loans 1,037 -
VAT 3,644 6,126
Directors' loan accounts 30,360 30,360
Accrued expenses 2,610 1,200
41,186 41,117

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,008 8,647

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
13,894 Ordinary 0.001 14 14