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REGISTERED NUMBER: 13360945 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Rest Up Ltd

Rest Up Ltd (Registered number: 13360945)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rest Up Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R M Thompson
B H Thompson
D Thompson





REGISTERED OFFICE: 35 Drome Road
Copmanthorpe
York
YO23 3TG





REGISTERED NUMBER: 13360945 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Rest Up Ltd (Registered number: 13360945)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 8,124 12,835

CURRENT ASSETS
Debtors 4 13,355 20,812
Cash at bank 21,564 4,553
34,919 25,365
CREDITORS
Amounts falling due within one year 5 (43,422 ) (24,937 )
NET CURRENT (LIABILITIES)/ASSETS (8,503 ) 428
TOTAL ASSETS LESS CURRENT
LIABILITIES

(379

)

13,263

CREDITORS
Amounts falling due after more than one year 6 (8,067 ) (18,782 )
NET LIABILITIES (8,446 ) (5,519 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (8,449 ) (5,522 )
(8,446 ) (5,519 )

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.

Rest Up Ltd (Registered number: 13360945)

Balance Sheet - continued
31 March 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 1 November 2024 and were signed on its behalf by:





R M Thompson - Director


Rest Up Ltd (Registered number: 13360945)

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

1. 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 cost
Computer equipment - 25% on cost

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.

2. EMPLOYEES AND DIRECTORS

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

Rest Up Ltd (Registered number: 13360945)

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

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,750 3,092 18,842
DEPRECIATION
At 1 April 2023 4,922 1,085 6,007
Charge for year 3,938 773 4,711
At 31 March 2024 8,860 1,858 10,718
NET BOOK VALUE
At 31 March 2024 6,890 1,234 8,124
At 31 March 2023 10,828 2,007 12,835

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,638 4,416
Other debtors 3 3
Prepayments and accrued income 8,714 16,393
13,355 20,812

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 7,222 13,479
Hire purchase contracts 3,856 4,770
Trade creditors 995 3,646
Directors' current accounts 30,107 1,890
Accrued expenses 1,242 1,152
43,422 24,937

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans more than 1 year 8,067 14,648
Hire purchase contracts - 4,134
8,067 18,782

Rest Up Ltd (Registered number: 13360945)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 2,822 11,261

Other loans are secured over the fixed and floating debenture over the assets of the company.

Directors Ronald Thompson, Barbara Thompson and Daniel Thompson have given personal guarantee.