IRIS Accounts Production v24.3.2.46 10011818 Board of Directors Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100118182023-06-30100118182024-06-30100118182023-07-012024-06-30100118182022-06-30100118182022-07-012023-06-30100118182023-06-3010011818ns15:EnglandWales2023-07-012024-06-3010011818ns14:PoundSterling2023-07-012024-06-3010011818ns10:Director12023-07-012024-06-3010011818ns10:Director22023-07-012024-06-3010011818ns10:Director32023-07-012024-06-3010011818ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010011818ns10:SmallEntities2023-07-012024-06-3010011818ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010011818ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010011818ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010011818ns10:FullAccounts2023-07-012024-06-301001181812023-07-012024-06-3010011818ns10:OrdinaryShareClass12023-07-012024-06-3010011818ns10:OrdinaryShareClass22023-07-012024-06-3010011818ns10:RegisteredOffice2023-07-012024-06-3010011818ns5:CurrentFinancialInstruments2024-06-3010011818ns5:CurrentFinancialInstruments2023-06-3010011818ns5:ShareCapital2024-06-3010011818ns5:ShareCapital2023-06-3010011818ns5:RetainedEarningsAccumulatedLosses2024-06-3010011818ns5:RetainedEarningsAccumulatedLosses2023-06-3010011818ns5:NetGoodwill2023-07-012024-06-3010011818ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3010011818ns5:PlantMachinery2023-07-012024-06-3010011818ns5:FurnitureFittings2023-07-012024-06-3010011818ns5:MotorVehicles2023-07-012024-06-3010011818ns5:ComputerEquipment2023-07-012024-06-3010011818ns5:NetGoodwill2023-06-3010011818ns5:NetGoodwill2024-06-3010011818ns5:NetGoodwill2023-06-3010011818ns5:PlantMachinery2023-06-3010011818ns5:FurnitureFittings2023-06-3010011818ns5:MotorVehicles2023-06-3010011818ns5:ComputerEquipment2023-06-3010011818ns5:PlantMachinery2024-06-3010011818ns5:FurnitureFittings2024-06-3010011818ns5:MotorVehicles2024-06-3010011818ns5:ComputerEquipment2024-06-3010011818ns5:PlantMachinery2023-06-3010011818ns5:FurnitureFittings2023-06-3010011818ns5:MotorVehicles2023-06-3010011818ns5:ComputerEquipment2023-06-3010011818ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3010011818ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3010011818ns10:OrdinaryShareClass12024-06-3010011818ns10:OrdinaryShareClass22024-06-3010011818ns5:RetainedEarningsAccumulatedLosses2023-06-3010011818ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 10011818 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BRIDGE BEDDING CENTRE LIMITED

BRIDGE BEDDING CENTRE LIMITED (REGISTERED NUMBER: 10011818)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIDGE BEDDING CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr K A Cosby
Mrs J Cosby
Mr C Cosby





REGISTERED OFFICE: 7 East Pallant
Chichester
United Kingdom
PO19 1TR





REGISTERED NUMBER: 10011818 (England and Wales)






BRIDGE BEDDING CENTRE LIMITED (REGISTERED NUMBER: 10011818)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,500 127,500
Tangible assets 5 65,994 52,962
148,494 180,462

CURRENT ASSETS
Stocks 78,709 108,648
Debtors 6 11,350 13,549
Cash at bank 255,690 308,477
345,749 430,674
CREDITORS
Amounts falling due within one year 7 114,032 207,262
NET CURRENT ASSETS 231,717 223,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,211

403,874

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 380,011 403,674
SHAREHOLDERS' FUNDS 380,211 403,874

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

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

BRIDGE BEDDING CENTRE LIMITED (REGISTERED NUMBER: 10011818)

BALANCE SHEET - continued
30 JUNE 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 14 October 2024 and were signed on its behalf by:




Mr C Cosby - Director Mrs J Cosby - Director




Mr K A Cosby - Director


BRIDGE BEDDING CENTRE LIMITED (REGISTERED NUMBER: 10011818)

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


1. STATUTORY INFORMATION

Bridge Bedding Centre 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Transit van - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

BRIDGE BEDDING CENTRE LIMITED (REGISTERED NUMBER: 10011818)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 450,000
AMORTISATION
At 1 July 2023 322,500
Charge for year 45,000
At 30 June 2024 367,500
NET BOOK VALUE
At 30 June 2024 82,500
At 30 June 2023 127,500

5. TANGIBLE FIXED ASSETS
Fixtures
Transit and Motor Computer
van fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 4,400 4,055 78,900 2,548 89,903
Additions - - 19,000 - 19,000
At 30 June 2024 4,400 4,055 97,900 2,548 108,903
DEPRECIATION
At 1 July 2023 3,831 1,172 30,621 1,317 36,941
Charge for year 142 720 4,890 216 5,968
At 30 June 2024 3,973 1,892 35,511 1,533 42,909
NET BOOK VALUE
At 30 June 2024 427 2,163 62,389 1,015 65,994
At 30 June 2023 569 2,883 48,279 1,231 52,962

BRIDGE BEDDING CENTRE LIMITED (REGISTERED NUMBER: 10011818)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,000 4,000
Prepayments and accrued income 7,350 9,549
11,350 13,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,862 34,074
Corporation Tax 27,340 73,123
Social security and other taxes 1,980 2,237
VAT 3,894 933
Directors' current accounts 4,736 53,626
Accruals and deferred income 38,220 43,269
114,032 207,262

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100
100 B Ordinary 1 100 100
200 200

9. RESERVES
Retained
earnings
£   

At 1 July 2023 403,674
Profit for the year 56,337
Dividends (80,000 )
At 30 June 2024 380,011