Company registration number 05121587 (England and Wales)
Mattressonline.co.uk Limited
Annual Report and Financial Statements
for the year ended 31 May 2024
Mattressonline.co.uk Limited
Company Information
Director
Mr S R Adams
Secretary
Mr S R Adams
Company number
05121587
Registered office
Unit 7, Alexandra Centre
Rail Mill Way
Parkgate
Rotherham
South Yorkshire
S62 6JE
Auditor
B M Howarth Ltd
Townend House
8 Springwell Court
Leeds
West Yorkshire
LS12 1AL
Business address
Unit 26-31
Waddington Way
Rotherham
South Yorkshire
S65 3SH
Mattressonline.co.uk Limited
Contents
Page
Strategic report
1
Director's report
2 - 3
Independent auditor's report
4 - 6
Statement of income and retained earnings
7
Statement of financial position
8
Statement of cash flows
9
Notes to the financial statements
10 - 17
Mattressonline.co.uk Limited
Strategic Report
for the year ended 31 May 2024
- 1 -
The director presents the strategic report for the year ended 31 May 2024.
Principal activities
The principal activity of the company continued to be that of retailing Beds, Mattresses and Bedding, online and through a number of strategically located omni channel retail stores.
Business review
As shown in the company's statement of income and retained earnings, turnover growth has increased over the last 5 years by 28.0%, and the gross margin has remained strong at 46.1% (2023: 45.6%).
During the year the company has:
Continued to expand the company's store footprint with a flagship store opening in Doncaster.
Implemented a range of cost-saving initiatives that are paying dividends in the current FY
A strong supply chain continues with no challenges in sourcing products.
Reached over 64,000+ Trustpilot reviews with a sustained 4.8/5 Excellent rating
ESG
The company remains focused on delivering on our environmental goals, the commitment to zero landfill mattress recycling is steadfast, and have exceeded our recycling target 40% of all eligible orders to include a mattress recycle.
The company continues its support for the National Bed Federation’s Pledge For Our Planet and is an active participant in their retail sustainability forum.
Additionally, the company continues to support various charitable initiatives, volunteering days for employees, sustainable packaging and uniforms, whilst working with local suppliers where feasible.
Financial risks and uncertainties
Financial risks affecting the company include the risk of reduced liquidity, finance cost risk and exchange rate risk. These risks are managed on a daily basis by controlling the cash flow including the purchase of stock and other services in relation to future orders. All debts are rigorously chased as they fall due. Competitive pressure is also a continuing risk for the company. The company manages the risk by maintaining a strong reputation with its customers and suppliers, reacting efficiently to meet their demands and supplying quality products and services.
Payment of creditors
The company's policy is to pay creditors in line with each of the supplier's credit terms.
Future developments
The prospects for the year to 31 May 2025 are good and are above company targets. The store expansion plan will cautiously continue and improvements to the e-commerce website are consistently being deployed. The company continues to operate a strong order book and the director is looking forward to another successful and profitable year.
There have been no significant events since the balance sheet date that materially affect the company.
Mr S R Adams
Director
27 February 2025
Mattressonline.co.uk Limited
Director's Report
for the year ended 31 May 2024
- 2 -
The director presents his annual report and financial statements for the year ended 31 May 2024.
Results
The results for the year are set out on page 7.
No ordinary dividends were paid. The director does not recommend payment of a final dividend.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr S R Adams
Auditor
The auditor, B M Howarth Ltd, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of director's responsibilities
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Strategic report
The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.
Mattressonline.co.uk Limited
Director's Report (continued)
for the year ended 31 May 2024
- 3 -
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
On behalf of the board
Mr S R Adams
Director
27 February 2025
Mattressonline.co.uk Limited
Independent Auditor's Report
to the members of Mattressonline.co.uk Limited
- 4 -
Opinion
We have audited the financial statements of Mattressonline.co.uk Limited (the 'company') for the year ended 31 May 2024 which comprise the statement of income and retained earnings, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 May 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the strategic report and the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the director's report have been prepared in accordance with applicable legal requirements.
Mattressonline.co.uk Limited
Independent Auditor's Report
to the members of Mattressonline.co.uk Limited (continued)
- 5 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of director
As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Based on our understanding of the company and the sector in which it operates, our audit work considers the risk of material misstatement on the financial statements as a result of non-compliance with laws and regulations, this includes fraud. These laws and regulations include, but are not limited to, those that relate to the form and content of the financial statements, such as the Company accounting policies, the financial reporting framework and the UK Companies Act 2006.
We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements and determined that the principal risks related to management bias in accounting estimates and understatement or overstatement of revenue. Our audit procedures included, but were not limited to:
Agreement of the financial statements disclosures to underlying supporting documentation;
Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
Challenging assumptions, accounting estimates and judgements made by Directors;
Identifying and testing journal entries to ensure they are appropriate;
Sample testing of income and expenditure to ensure correct cut-off has been applied.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error.
There are inherent limitations in audit procedures, the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Mattressonline.co.uk Limited
Independent Auditor's Report
to the members of Mattressonline.co.uk Limited (continued)
- 6 -
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
James Bell
Senior Statutory Auditor
For and on behalf of B M Howarth Ltd
Chartered Accountants
Statutory Auditor
Townend House
8 Springwell Court
Leeds
West Yorkshire
LS12 1AL
27 February 2025
Mattressonline.co.uk Limited
Statement of Income and Retained Earnings
for the year ended 31 May 2024
- 7 -
2024
2023
Notes
£
£
Turnover
21,913,464
23,551,950
Cost of sales
(11,810,277)
(12,819,974)
Gross profit
10,103,187
10,731,976
Distribution costs
(2,229,105)
(2,385,362)
Administrative expenses
(7,911,217)
(7,897,705)
Operating (loss)/profit
2
(37,135)
448,909
Interest receivable
4
47,190
3,038
Interest payable
5
(1,261)
(1,261)
Profit before taxation
8,794
450,686
Tax on profit
6
(14,478)
(99,314)
(Loss)/profit for the financial year
(5,684)
351,372
Retained earnings brought forward
6,351,034
6,349,662
Intragroup transfers
(350,000)
Retained earnings carried forward
6,345,350
6,351,034
The income statement has been prepared on the basis that all operations are continuing operations.
Mattressonline.co.uk Limited
Statement of financial position
as at 31 May 2024
- 8 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
7
16,651
Tangible assets
9
1,303,742
870,994
1,320,393
870,994
Current assets
Stocks
11
2,674,779
2,652,948
Debtors
10
2,952,720
2,131,160
Cash at bank and in hand
1,379,354
3,058,108
7,006,853
7,842,216
Creditors: amounts falling due within one year
12
(1,832,562)
(2,277,470)
Net current assets
5,174,291
5,564,746
Total assets less current liabilities
6,494,684
6,435,740
Creditors: amounts falling due after more than one year
13
(8,298)
Provisions for liabilities
Deferred tax liability
14
149,234
76,308
(149,234)
(76,308)
Net assets
6,345,450
6,351,134
Capital and reserves
Called up share capital
16
100
100
Profit and loss reserves
6,345,350
6,351,034
Total equity
6,345,450
6,351,134
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
The financial statements were approved and signed by the director and authorised for issue on 27 February 2025
Mr S R Adams
Director
Company registration number 05121587 (England and Wales)
Mattressonline.co.uk Limited
Statement of cash flows
for the year ended 31 May 2024
- 9 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
19
(1,135,659)
237,603
Interest paid
(1,261)
(1,261)
Income taxes paid
(65,000)
Net cash (outflow)/inflow from operating activities
(1,136,920)
171,342
Investing activities
Purchase of intangible assets
(18,456)
Purchase of tangible fixed assets
(560,094)
(191,212)
Proceeds from disposal of tangible fixed assets
13,250
Interest received
47,190
3,038
Net cash used in investing activities
(531,360)
(174,924)
Financing activities
Payment of finance leases obligations
(10,474)
(16,159)
Payments of intragroup loans
(350,000)
Net cash used in financing activities
(10,474)
(366,159)
Net decrease in cash and cash equivalents
(1,678,754)
(369,741)
Cash and cash equivalents at beginning of year
3,058,108
3,427,849
Cash and cash equivalents at end of year
1,379,354
3,058,108
Mattressonline.co.uk Limited
Notes to the financial statements
for the year ended 31 May 2024
- 10 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration receivable for goods provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on allocation of stock to customer order.
Intangible fixed assets other than goodwill
Software
10% straight line
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold properties
Over the life of the lease
Plant and machinery
25% on written down value
Fixtures, fittings & equipment
25% on written down value
Motor vehicles
25% on written down value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Stocks
Stocks are stated at the lower of cost and net realisable value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
1
Accounting policies
(continued)
- 11 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Leases
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2
Operating (loss)/profit
2024
2023
Operating (loss)/profit for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
15,000
15,000
Depreciation of owned tangible fixed assets
122,702
64,624
Depreciation of tangible fixed assets held under finance leases
4,644
10,148
Profit on disposal of tangible fixed assets
-
(13,250)
Amortisation of intangible assets
1,805
-
Operating lease charges
52,783
63,090
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Office and administration
18
19
Warehouse and distribution
47
44
Website and marketing
15
12
Total
80
75
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
3
Employees
(continued)
- 12 -
Their aggregate remuneration comprised:
2024
2023
£
£
Wages and salaries
3,101,144
2,916,910
Social security costs
27,652
35,932
Pension costs
84,169
63,397
3,212,965
3,016,239
4
Interest receivable
2024
2023
£
£
Interest income
Interest on bank deposits
47,190
2,978
Other interest income
60
Total income
47,190
3,038
2024
2023
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
47,190
2,978
5
Interest payable
2024
2023
£
£
Interest on hire purchase contracts
1,261
1,261
6
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
(58,448)
58,448
Deferred tax
Origination and reversal of timing differences
72,926
40,866
Total tax charge
14,478
99,314
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
6
Taxation
(continued)
- 13 -
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
Profit before taxation
8,794
450,686
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2023: 20.00%)
1,671
90,137
Tax effect of expenses that are not deductible in determining taxable profit
(371)
3,454
Unutilised tax losses carried forward
12,008
Effect of change in corporation tax rate
8
Group relief
(207)
Permanent capital allowances in excess of depreciation
4,100
5,922
Tax at marginal rate
(2,930)
Taxation charge for the year
14,478
99,314
7
Intangible fixed assets
Software
£
Cost
At 1 June 2023
Additions
18,456
At 31 May 2024
18,456
Amortisation and impairment
At 1 June 2023
Amortisation charged for the year
1,805
At 31 May 2024
1,805
Carrying amount
At 31 May 2024
16,651
At 31 May 2023
8
Related party transactions
The company is exempt from disclosing related party transactions with group companies as its results are included in the consolidated accounts of its parent undertaking.
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 14 -
9
Tangible fixed assets
Leasehold properties
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2023
603,706
165,724
331,034
256,115
1,356,579
Additions
70,505
11,558
478,031
560,094
At 31 May 2024
674,211
177,282
809,065
256,115
1,916,673
Depreciation and impairment
At 1 June 2023
37,942
96,536
230,965
120,142
485,585
Depreciation charged in the year
4,261
18,527
70,564
33,994
127,346
At 31 May 2024
42,203
115,063
301,529
154,136
612,931
Carrying amount
At 31 May 2024
632,008
62,219
507,536
101,979
1,303,742
At 31 May 2023
565,764
69,188
100,069
135,973
870,994
Included above are assets held under finance leases or hire purchase contracts as follows:
2024
2023
£
£
Motor vehicles
18,574
34,132
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
299,126
466,929
Corporation tax recoverable
211,601
153,153
Amounts owed by group undertakings
2,056,293
1,035,712
Other debtors
3,833
1,781
Prepayments and accrued income
381,867
473,585
2,952,720
2,131,160
11
Stocks
2024
2023
£
£
Goods for resale
2,674,779
2,652,948
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 15 -
12
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under hire purchase contracts
8,299
10,475
Trade creditors
1,264,388
1,379,849
Other taxation and social security
310,806
535,107
Other creditors
6,487
33,982
Accruals and deferred income
242,582
318,057
1,832,562
2,277,470
Hire purchase contracts are secured on the assets to which they relate.
13
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases
8,298
Hire purchase contracts are secured on the assets to which they relate.
14
Deferred taxation
The following are the major deferred tax liabilities recognised by the company and movements thereon:
Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
167,934
76,308
Tax losses
(18,700)
-
149,234
76,308
2024
Movements in the year:
£
Liability at 1 June 2023
76,308
Charge to profit or loss
72,926
Liability at 31 May 2024
149,234
The deferred tax liability is made up of accelerated capital allowances.
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 16 -
15
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
84,169
63,397
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
16
Share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
The company has one class of ordinary shares which carry no right to fixed income. Each share carries one vote on any resolution.
All shares rank pari passu in respect of dividend and capital distributions.
The shares are not redeemable.
17
Financial commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2024
2023
£
£
Within one year
503,300
503,300
Between two and five years
583,649
1,032,949
In over five years
44,500
98,500
1,131,449
1,634,749
18
Ultimate controlling party
The company's ultimate parent undertaking is Cocoon Sleep Limited, which is registered in England and Wales, its registered office is Unit 7 Alexandra Centre, Raill Mill Way, Parkgate, Rotherham, South Yorkshire, England, S62 6JE. The consolidated accounts are available from Companies House, Cardiff, CF4 3UZ.
The director is considered to be the ultimate controlling party.
Mattressonline.co.uk Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 17 -
19
Cash (absorbed by)/generated from operations
2024
2023
£
£
(Loss)/profit for the year after tax
(5,684)
351,372
Adjustments for:
Taxation charged
14,478
99,314
Finance costs
1,261
1,261
Investment income
(47,190)
(3,038)
Gain on disposal of tangible fixed assets
-
(13,250)
Amortisation and impairment of intangible assets
1,805
Depreciation and impairment of tangible fixed assets
127,346
74,772
Movements in working capital:
(Increase)/decrease in stocks
(21,831)
62,969
Increase in debtors
(763,112)
(358,280)
(Decrease)/increase in creditors
(442,732)
22,483
Cash (absorbed by)/generated from operations
(1,135,659)
237,603
20
Analysis of changes in net funds
1 June 2023
Cash flows
31 May 2024
£
£
£
Cash at bank and in hand
3,058,108
(1,678,754)
1,379,354
Obligations under finance leases
(18,773)
10,474
(8,299)
3,039,335
(1,668,280)
1,371,055
21
Company information
Mattressonline.co.uk Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7, Alexandra Centre, Rail Mill Way, Parkgate, Rotherham, South Yorkshire, S62 6JE.
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