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REGISTERED NUMBER: 05480730 (England and Wales)










Financial Statements for the Year Ended 31 December 2023

for

Mattress Shop Ltd

Mattress Shop Ltd (Registered number: 05480730)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mattress Shop Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R Clark
Mrs T Clark





REGISTERED OFFICE: 52-56 Coatsworth Road
Gateshead
Tyne and Wear
NE8 1QN





REGISTERED NUMBER: 05480730 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Mattress Shop Ltd (Registered number: 05480730)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 514,107 66,930

CURRENT ASSETS
Stocks 34,012 34,850
Debtors 5 16,723 7,048
Cash at bank and in hand 125,624 250,395
176,359 292,293
CREDITORS
Amounts falling due within one year 6 (403,712 ) (137,049 )
NET CURRENT (LIABILITIES)/ASSETS (227,353 ) 155,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,754

222,174

CREDITORS
Amounts falling due after more than one year 7 (16,667 ) (26,667 )

PROVISIONS FOR LIABILITIES (9,537 ) (12,717 )
NET ASSETS 260,550 182,790

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 260,546 182,786
SHAREHOLDERS' FUNDS 260,550 182,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Mattress Shop Ltd (Registered number: 05480730)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr R Clark - Director


Mattress Shop Ltd (Registered number: 05480730)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mattress Shop 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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 4 (2022 - 5 ) .

Mattress Shop Ltd (Registered number: 05480730)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 - 36,171 79,063 115,234
Additions 463,909 - - 463,909
At 31 December 2023 463,909 36,171 79,063 579,143
DEPRECIATION
At 1 January 2023 - 34,195 14,109 48,304
Charge for year - 494 16,238 16,732
At 31 December 2023 - 34,689 30,347 65,036
NET BOOK VALUE
At 31 December 2023 463,909 1,482 48,716 514,107
At 31 December 2022 - 1,976 64,954 66,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,780 6,050
Prepayments 2,943 998
16,723 7,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,001 10,001
Trade creditors 17,896 23,285
Corporation tax 32,677 3,974
VAT 19,613 14,662
Other creditors 236 69
Dividend payable - 5,000
Directors' current accounts 321,167 78,133
Accrued expenses 2,122 1,925
403,712 137,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,667 26,667

Mattress Shop Ltd (Registered number: 05480730)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 ORDINARY £1 3 3
1 ORDINARY A £1 1 1
4 4

9. RESERVES
Retained
earnings
£   

At 1 January 2023 182,786
Profit for the year 97,760
Dividends (20,000 )
At 31 December 2023 260,546

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £20,000 (2022 £23,000) to the directors. The company owed the directors £321,167 at the 31st December 2023 (2022 £78,133).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Clark.