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COMPANY REGISTRATION NUMBER: 14957895
365 Sleep Solutions Limited
Filleted Unaudited Financial Statements
31 December 2023
365 Sleep Solutions Limited
Financial Statements
Period from 24 June 2023 to 31 December 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
365 Sleep Solutions Limited
Officers and Professional Advisers
Director
L J Goldsmith
Registered office
167-169 Great Portland Street
London
W1W 5PF
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
365 Sleep Solutions Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of 365 Sleep Solutions Limited
Period from 24 June 2023 to 31 December 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 December 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
365 Sleep Solutions Limited
Statement of Financial Position
31 December 2023
31 Dec 23
Note
£
Fixed assets
Tangible assets
4
2,053
Current assets
Stocks
202,815
Debtors
5
235,100
Cash at bank and in hand
128,763
---------
566,678
Creditors: amounts falling due within one year
6
554,385
---------
Net current assets
12,293
--------
Total assets less current liabilities
14,346
Creditors: amounts falling due after more than one year
7
50,500
--------
Net liabilities
( 36,154)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 36,254)
--------
Shareholders deficit
( 36,154)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
365 Sleep Solutions Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 28 November 2024 , and are signed on behalf of the board by:
L J Goldsmith
Director
Company registration number: 14957895
365 Sleep Solutions Limited
Notes to the Financial Statements
Period from 24 June 2023 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 167-169 Great Portland Street, London, W1W 5PF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Equipment
£
Cost
At 24 June 2023
Additions
2,240
-------
At 31 December 2023
2,240
-------
Depreciation
At 24 June 2023
Charge for the period
187
-------
At 31 December 2023
187
-------
Carrying amount
At 31 December 2023
2,053
-------
5. Debtors
31 Dec 23
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
4,409
Other debtors
230,691
---------
235,100
---------
6. Creditors: amounts falling due within one year
31 Dec 23
£
Trade creditors
200,134
Amounts owed to group undertakings and undertakings in which the company has a participating interest
13,132
Social security and other taxes
61,798
Other creditors
279,321
---------
554,385
---------
7. Creditors: amounts falling due after more than one year
31 Dec 23
£
Other creditors
50,500
--------
8. Controlling party
The immediate parent company is XLV1 Administrative Limited by virtue of owning the entire issued share capital of the company.