07966746falsebed sales2023-04-242024-04-23http://www.companieshouse.gov.uk/2023-04-23http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-23http://www.companieshouse.gov.uk/cd:Director12023-04-242024-04-23http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-04-23http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-23http://www.companieshouse.gov.uk/cd:Director22023-04-242024-04-23http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-04-23http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-04-23http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-04-23http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-242024-04-23http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-242024-04-23http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-242024-04-23http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-23http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-23http://www.companieshouse.gov.uk/2023-04-242024-04-23http://www.companieshouse.gov.uk/2023-04-23http://www.companieshouse.gov.uk/cd:FRS1022023-04-242024-04-23http://www.companieshouse.gov.uk/2024-04-23http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-242024-04-23http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-242024-04-23iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07966746

UC Bed Bargains Limited

ACCOUNTS
FOR THE YEAR ENDED 23/04/2024

Prepared By:
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

UC Bed Bargains Limited

ACCOUNTS
FOR THE YEAR ENDED 23/04/2024
DIRECTORS
MA Blears
RL Kelly (Resigned 11/05/2016)
REGISTERED OFFICE
333-335 High Street
BANGOR
Gwynedd
LL57 1YA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07966746
ACCOUNTANTS
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

UC Bed Bargains Limited

ACCOUNTS
FOR THEYEARENDED23/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

UC Bed Bargains Limited

BALANCE SHEET AT 23/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets326,69426,694
CURRENT ASSETS
Stock285,000255,000
Cash at bank and in hand7011,892
285,070266,892
CREDITORS: Amounts falling due within one year5141,033100,206
NET CURRENT ASSETS144,037166,686
TOTAL ASSETS LESS CURRENT LIABILITIES170,731193,380
CREDITORS: Amounts falling due after more than one year676,731111,198
NET ASSETS94,00082,182
CAPITAL AND RESERVES
Called up share capital775,00075,000
Profit and loss account19,0007,182
SHAREHOLDERS' FUNDS94,00082,182
For the year ending 23/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/05/2024 and signed on their behalf by
.............................
MA Blears
Director

UC Bed Bargains Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 23/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees55

UC Bed Bargains Limited

3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsTotal
£££
Cost
At 24/04/202382,37810,31892,696
At 23/04/202482,37810,31892,696
Depreciation
At 24/04/202358,0227,98066,002
At 23/04/202458,0227,98066,002
Net Book Amounts
At 23/04/202424,3562,33826,694
At 23/04/202324,3562,33826,694
4. STOCK 20242023
££
Stock comprises:
Stock285,000255,000
285,000255,000
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax17,50617,505
VAT12,0325,785
PAYE control4,5271,424
Directors current account46,54910,443
Bank loans and overdrafts17,86117,609
Bank Loan5,0005,000
Bank loan (secured) 16,00016,000
Hire purchase8,1838,183
Trade creditors8,1168,116
Accruals5,25910,141
141,033100,206

UC Bed Bargains Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr30,38735,943
Bank loans (secured) >1yr32,76146,828
Hire purchase >1yr13,58328,427
76,731111,198
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
75000 Ordinary of £1 each7500075000
75,00075,000
New shares issued during period:
74900 Ordinary of £1 each7490074900
8. CONTROLLING PARTY
The company is controlled by MA Blears, a director, by virtue of his holding 100% of the issued share capital.