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REGISTERED NUMBER: 04043447 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BED CENTRE (GRIMSBY) LIMITED

BED CENTRE (GRIMSBY) LIMITED (REGISTERED NUMBER: 04043447)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BED CENTRE (GRIMSBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs J.M. Kingston
Mr J. E. Kingston



REGISTERED OFFICE: 2A Alexandra Road
GRIMSBY
DN31 1RW



REGISTERED NUMBER: 04043447 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: HSBC Bank plc
55 Victoria Street
GRIMSBY
DN31 1UX

BED CENTRE (GRIMSBY) LIMITED (REGISTERED NUMBER: 04043447)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,969 10,878

CURRENT ASSETS
Stocks 5 29,554 34,714
Debtors 6 4,328 13,716
Cash at bank 91,737 126,915
125,619 175,345
CREDITORS
Amounts falling due within one year 7 63,479 69,400
NET CURRENT ASSETS 62,140 105,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,109

116,823

CREDITORS
Amounts falling due after more than one
year

8

(3,462

)

(8,582

)

PROVISIONS FOR LIABILITIES (2,654 ) (2,883 )
NET ASSETS 69,993 105,358

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 1,000 1,000
Profit and loss account 68,993 104,358
SHAREHOLDERS' FUNDS 69,993 105,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:



Mrs J.M. Kingston - Director


BED CENTRE (GRIMSBY) LIMITED (REGISTERED NUMBER: 04043447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Bed Centre (Grimsby) 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 represents net invoiced sale of beds, excluding value added tax.

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 - 20% Straight Line
Motor vehicles - 25% Reducing Balance
Computer equipment - 33% Straight Line

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

BED CENTRE (GRIMSBY) LIMITED (REGISTERED NUMBER: 04043447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 10,515 25,257 3,008 38,780
Additions 7,500 - - 7,500
At 30 September 2024 18,015 25,257 3,008 46,280
DEPRECIATION
At 1 October 2023 9,849 15,045 3,008 27,902
Charge for year 1,856 2,553 - 4,409
At 30 September 2024 11,705 17,598 3,008 32,311
NET BOOK VALUE
At 30 September 2024 6,310 7,659 - 13,969
At 30 September 2023 666 10,212 - 10,878

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 29,554 34,714

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 699 3,818
Other debtors 3,629 9,898
4,328 13,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,063 4,891
Trade creditors 22,742 30,030
Taxation and social security 9,789 14,583
Other creditors 25,885 19,896
63,479 69,400

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 3,462 8,582

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Between one and five years - 18,250

BED CENTRE (GRIMSBY) LIMITED (REGISTERED NUMBER: 04043447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with its directors.