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REGISTERED NUMBER: 11162363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BLACK INSOMNIA LTD

BLACK INSOMNIA LTD (REGISTERED NUMBER: 11162363)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BLACK INSOMNIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A M M T Sacken
J M I Walker
K Davis





REGISTERED OFFICE: Avebury House
6 St Peter Street
Winchester
Hampshire
SO23 8BN





REGISTERED NUMBER: 11162363 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

BLACK INSOMNIA LTD (REGISTERED NUMBER: 11162363)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 42,039 137,361
Debtors 4 61,233 58,817
Cash at bank 2,659 16,045
105,931 212,223
CREDITORS
Amounts falling due within one year 5 545,550 419,367
NET CURRENT LIABILITIES (439,619 ) (207,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(439,619

)

(207,144

)

CREDITORS
Amounts falling due after more than one
year

6

6,667

11,667
NET LIABILITIES (446,286 ) (218,811 )

CAPITAL AND RESERVES
Called up share capital 242 236
Share premium 86,607 -
Capital redemption reserve 5 5
Retained earnings (533,140 ) (219,052 )
(446,286 ) (218,811 )

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

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

BLACK INSOMNIA LTD (REGISTERED NUMBER: 11162363)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





J M I Walker - Director


BLACK INSOMNIA LTD (REGISTERED NUMBER: 11162363)

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


1. STATUTORY INFORMATION

Black Insomnia 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.

The directors have made an assessment in preparing these financial statements as to whether the
company is a going concern and have concluded that there are no material uncertainties that may cast
doubt on the company's ability to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has the following basic financial instruments:

- Short term debtors and creditors
- Bank loans

Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Bank loans are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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.


BLACK INSOMNIA LTD (REGISTERED NUMBER: 11162363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,106 27,467
Other debtors 29,127 31,350
61,233 58,817

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 13,595
Trade creditors 50,097 110,225
Other creditors 490,453 295,547
545,550 419,367

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 11,667

The company has taken a bank loan under the Government back Bounce Back Loan Scheme. As part of this scheme, the UK Government will cover interest payments for the first 12 months to May 2021. From May 2021, the loan attracts interest at a rate of 2.5%pa and is repayable in 60 monthly installments.

BLACK INSOMNIA LTD (REGISTERED NUMBER: 11162363)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A M M T Sacken
Balance outstanding at start of year (114,252 ) (29,480 )
Amounts advanced 4,851 (87,531 )
Amounts repaid (58,627 ) 2,759
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (168,028 ) (114,252 )

J M I Walker
Balance outstanding at start of year (142,049 ) (33,843 )
Amounts advanced 33,100 (113,277 )
Amounts repaid (69,652 ) 5,071
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (178,601 ) (142,049 )

K Davis
Balance outstanding at start of year (13,814 ) (9,832 )
Amounts advanced 500 (5,050 )
Amounts repaid (500 ) 1,068
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,814 ) (13,814 )

Loans with the director are repayable in line with the loan agreement. Interest is charged in line with the agreement.

8. POST BALANCE SHEET EVENTS

After the year end, Black Insomnia Limited acquired a 100% shareholding of Black Insomnia Austria.

As at the balance sheet date, Black Insomnia Limited was owed £1,291 by Black Insomnia Austria which has been recognised in other debtors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BLACK INSOMNIA LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Black Insomnia Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Black Insomnia Ltd, as a body, in accordance with the terms of our engagement letter dated 12 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Black Insomnia Ltd and state those matters that we have agreed to state to the Board of Directors of Black Insomnia Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Black Insomnia Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Black Insomnia Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Black Insomnia Ltd. You consider that Black Insomnia Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Black Insomnia Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


31 October 2024