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REGISTERED NUMBER: SC378054 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 August 2024

for

SLEEPY VALLEY (SCOTLAND) LIMITED

SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLEEPY VALLEY (SCOTLAND) LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A Cox





REGISTERED OFFICE: 378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC378054 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,790 28,713
25,790 28,713

CURRENT ASSETS
Stocks 6 46,824 41,656
Debtors 7 500,658 488,831
Cash at bank and in hand 176,183 126,392
723,665 656,879
CREDITORS
Amounts falling due within one year 8 (218,390 ) (199,559 )
NET CURRENT ASSETS 505,275 457,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,065

486,033

CREDITORS
Amounts falling due after more than one
year

9

(91,779

)

(125,989

)
NET ASSETS 439,286 360,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 439,186 359,944
SHAREHOLDERS' FUNDS 439,286 360,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)

Balance Sheet - continued
31 August 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 director and authorised for issue on 9 April 2025 and were signed by:





A Cox - Director


SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)

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

1. STATUTORY INFORMATION

Sleepy Valley (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.


SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)

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

2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 13,194 1,603 2,752
Additions - - -
At 31 August 2024 13,194 1,603 2,752
DEPRECIATION
At 1 September 2023 - 1,563 2,670
Charge for year - 10 21
At 31 August 2024 - 1,573 2,691
NET BOOK VALUE
At 31 August 2024 13,194 30 61
At 31 August 2023 13,194 40 82

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 35,836 3,296 56,681
Additions - 957 957
At 31 August 2024 35,836 4,253 57,638
DEPRECIATION
At 1 September 2023 20,718 3,017 27,968
Charge for year 3,779 70 3,880
At 31 August 2024 24,497 3,087 31,848
NET BOOK VALUE
At 31 August 2024 11,339 1,166 25,790
At 31 August 2023 15,118 279 28,713

6. STOCKS
2024 2023
£    £   
Stocks 46,824 41,656

SLEEPY VALLEY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC378054)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,557 31,117
Other debtors - 400
Inter-Company Debtors 452,685 452,025
Prepayments and accrued income 6,416 5,289
500,658 488,831

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,210 34,210
Trade creditors 51,124 45,306
Tax 24,168 27,270
Social security and other taxes 1,626 1,937
VAT 32,125 27,271
Accruals and deferred income 16,646 1,837
Income in advance 58,491 61,728
218,390 199,559

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 34,210 34,210
Bank loans - 2-5 years 57,569 91,779
91,779 125,989

10. ULTIMATE CONTROLLING PARTY

The controlling party is A Cox.

The ultimate controlling party is Anthony Cox through his majority shareholding in ToCo Limited.