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REGISTERED NUMBER: 03873991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Easy Rest Beds Limited

Easy Rest Beds Limited (Registered number: 03873991)






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


Easy Rest Beds Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Hussain Khaliq
T Hussain





SECRETARY: T Hussain Khaliq





REGISTERED OFFICE: Parkside Mill
Parkside Road
West Bowling
Bradford
BD5 8DX





REGISTERED NUMBER: 03873991 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Easy Rest Beds Limited (Registered number: 03873991)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,321 54,467

CURRENT ASSETS
Stocks 178,657 130,000
Debtors 5 230,744 208,751
Cash at bank and in hand 629,055 811,664
1,038,456 1,150,415
CREDITORS
Amounts falling due within one year 6 198,205 240,936
NET CURRENT ASSETS 840,251 909,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

925,572

963,946

PROVISIONS FOR LIABILITIES 9,121 9,761
NET ASSETS 916,451 954,185

CAPITAL AND RESERVES
Called up share capital 7 80 80
Retained earnings 8 916,371 954,105
SHAREHOLDERS' FUNDS 916,451 954,185

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.

Easy Rest Beds Limited (Registered number: 03873991)

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 29 January 2025 and were signed on its behalf by:





T Hussain - Director


Easy Rest Beds Limited (Registered number: 03873991)

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

1. STATUTORY INFORMATION

Easy Rest Beds 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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 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.

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 27 (2023 - 27 ) .

Easy Rest Beds Limited (Registered number: 03873991)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 396,821
Additions 45,473
At 31 March 2024 442,294
DEPRECIATION
At 1 April 2023 342,354
Charge for year 14,619
At 31 March 2024 356,973
NET BOOK VALUE
At 31 March 2024 85,321
At 31 March 2023 54,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 202,013 181,699
Tax recoverable 26,750 26,750
Directors' current accounts 1,422 -
Prepayments 559 302
230,744 208,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 108,500 122,925
Tax - 31,369
Social security and other taxes 34,946 28,099
Directors' current accounts - 4,578
Accruals and deferred income 54,759 53,965
198,205 240,936

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80 Ordinary £1 80 80

Easy Rest Beds Limited (Registered number: 03873991)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2023 954,105
Profit for the year 12,266
Dividends (50,000 )
At 31 March 2024 916,371

9. RELATED PARTY DISCLOSURES

During the financial year dividends totalling £50,000 (£2023: £30,000) were paid to the directors.

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.