Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity2023-08-01false88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04016116 2023-08-01 2024-07-31 04016116 2022-08-01 2023-07-31 04016116 2024-07-31 04016116 2023-07-31 04016116 c:Director3 2023-08-01 2024-07-31 04016116 d:Buildings 2023-08-01 2024-07-31 04016116 d:Buildings 2024-07-31 04016116 d:Buildings 2023-07-31 04016116 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04016116 d:PlantMachinery 2023-08-01 2024-07-31 04016116 d:PlantMachinery 2024-07-31 04016116 d:PlantMachinery 2023-07-31 04016116 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04016116 d:MotorVehicles 2023-08-01 2024-07-31 04016116 d:MotorVehicles 2024-07-31 04016116 d:MotorVehicles 2023-07-31 04016116 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04016116 d:OfficeEquipment 2023-08-01 2024-07-31 04016116 d:OfficeEquipment 2024-07-31 04016116 d:OfficeEquipment 2023-07-31 04016116 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04016116 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04016116 d:CurrentFinancialInstruments 2024-07-31 04016116 d:CurrentFinancialInstruments 2023-07-31 04016116 d:Non-currentFinancialInstruments 2024-07-31 04016116 d:Non-currentFinancialInstruments 2023-07-31 04016116 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04016116 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04016116 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 04016116 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04016116 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 04016116 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 04016116 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 04016116 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 04016116 d:ShareCapital 2024-07-31 04016116 d:ShareCapital 2023-07-31 04016116 d:RetainedEarningsAccumulatedLosses 2024-07-31 04016116 d:RetainedEarningsAccumulatedLosses 2023-07-31 04016116 c:FRS102 2023-08-01 2024-07-31 04016116 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04016116 c:FullAccounts 2023-08-01 2024-07-31 04016116 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04016116 2 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04016116









BURY BED CENTRE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BURY BED CENTRE LTD
REGISTERED NUMBER: 04016116

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
323,773
322,848

  
323,773
322,848

Current assets
  

Stocks
  
17,489
19,432

Debtors: amounts falling due within one year
 5 
9,568
10,842

Cash at bank and in hand
 6 
19,533
24,014

  
46,590
54,288

Creditors: amounts falling due within one year
 7 
(215,055)
(187,465)

Net current liabilities
  
 
 
(168,465)
 
 
(133,177)

Total assets less current liabilities
  
155,308
189,671

Creditors: amounts falling due after more than one year
 8 
(27,639)
(56,183)

Provisions for liabilities
  

Deferred tax
  
(5,533)
(5,255)

  
 
 
(5,533)
 
 
(5,255)

Net assets
  
122,136
128,233


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
122,134
128,231

  
122,136
128,233


Page 1

 
BURY BED CENTRE LTD
REGISTERED NUMBER: 04016116
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2024.




................................................
Dale Sandiford
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

 Bury Bed Centre Limited is a private company limited by shares, registered in the United
Kingdom number 04016116. Its registered office is 21 Parsons Lane, Bury, Lancashire, BL9 0LY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, method used below.

Depreciation is provided on the following basis:

Freehold property
-
No Depreciation
Plant and machinery
-
20% Reducing Balance
Motor vehicles
-
20% Reducing Balance
Office equipment
-
20% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
295,186
8,068
47,510
5,344
356,108


Additions
6,458
-
-
-
6,458



At 31 July 2024

301,644
8,068
47,510
5,344
362,566



Depreciation


At 1 August 2023
-
2,468
27,066
3,726
33,260


Charge for the year on owned assets
-
1,120
4,089
324
5,533



At 31 July 2024

-
3,588
31,155
4,050
38,793



Net book value



At 31 July 2024
301,644
4,480
16,355
1,294
323,773



At 31 July 2023
295,186
5,600
20,444
1,618
322,848


5.


Debtors

2024
2023
£
£


Trade debtors
9,568
10,842

9,568
10,842



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,533
24,014

19,533
24,014


Page 7

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
25,591
28,443

Trade creditors
55,892
30,370

Corporation tax
4,266
2,280

Other taxation and social security
22,133
7,814

Obligations under finance lease and hire purchase contracts
5,233
6,279

Other creditors
95,065
105,404

Accruals and deferred income
6,875
6,875

215,055
187,465



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,639
50,950

Net obligations under finance leases and hire purchase contracts
-
5,233

27,639
56,183


Page 8

 
BURY BED CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
25,591
28,443


25,591
28,443

Amounts falling due 1-2 years

Bank loans
27,639
36,591


27,639
36,591

Amounts falling due 2-5 years

Bank loans
-
14,358


-
14,358


53,230
79,392



10.


Hire purchase and finance leases


2024
2023
£
£

 
-
 
-


11.


Pension commitments


12.


Transactions with directors

During the year the directors loan account amounted to £94,653. This was made up of an opening balance of £104,799, advances totalling £14,804 and credits totalling £4,658. This is represented within other creditors.

 
Page 9