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REGISTERED NUMBER: 11463456 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

KSR BEDDING LIMITED

KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KSR BEDDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr S K Bailey
Mrs R D Bailey





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 11463456 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 545,556 560,723

CURRENT ASSETS
Stocks 5 100,000 100,000
Debtors 6 26,639 122,743
Cash at bank 303,172 71,364
429,811 294,107
CREDITORS
Amounts falling due within one year 7 219,392 160,840
NET CURRENT ASSETS 210,419 133,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

755,975

693,990

CREDITORS
Amounts falling due after more than one
year

8

(259,192

)

(273,985

)

PROVISIONS FOR LIABILITIES (5,508 ) (7,147 )
NET ASSETS 491,275 412,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 491,175 412,758
491,275 412,858

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

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

KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





Mrs R D Bailey - Director


KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

KSR Bedding 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 represents goods sold during the period, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the term of the lease
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


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.

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 529,646 11,170 36,785 6,742 584,343
Additions - - - 1,823 1,823
At 31 July 2024 529,646 11,170 36,785 8,565 586,166
DEPRECIATION
At 1 August 2023 6,539 4,319 7,826 4,936 23,620
Charge for year 6,539 1,370 7,240 1,841 16,990
At 31 July 2024 13,078 5,689 15,066 6,777 40,610
NET BOOK VALUE
At 31 July 2024 516,568 5,481 21,719 1,788 545,556
At 31 July 2023 523,107 6,851 28,959 1,806 560,723

KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. STOCKS
2024 2023
£    £   
Stocks 100,000 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,727 56,374
Other debtors 3,912 66,369
26,639 122,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,793 13,995
Taxation and social security 73,418 83,034
Other creditors 131,181 63,811
219,392 160,840

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 259,192 273,985

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 191,087 209,555

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 273,985 287,980

The loan is secured against the leasehold property of the company.

KSR BEDDING LIMITED (REGISTERED NUMBER: 11463456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr S K Bailey and Mrs R D Bailey
Balance outstanding at start of year 58,251 -
Amounts advanced - 58,251
Amounts repaid (58,251 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 58,251

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the directors of £67,313 (2023 - £nil) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.