Registered number
08426920
Westend Bed Company Ltd
Filleted Accounts
31 December 2024
Westend Bed Company Ltd
Registered number: 08426920
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 75,517 81,392
Current assets
Stocks 315,936 238,285
Debtors 4 192,095 151,426
Cash at bank and in hand 13,926 14,971
521,957 404,682
Creditors: amounts falling due within one year 5 (140,418) (92,997)
Net current assets 381,539 311,685
Total assets less current liabilities 457,056 393,077
Creditors: amounts falling due after more than one year 6 (136,470) (146,107)
Net assets 320,586 246,970
Capital and reserves
Called up share capital 100 100
Profit and loss account 320,486 246,870
Shareholders' funds 320,586 246,970
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B M Cooper
Director
Approved by the board on 14 March 2025
Westend Bed Company Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance Basis
Office Equipment 25% Reducing Balance Basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Office Equipment Total
£ £ £ £
Cost
At 1 January 2024 59,176 98,612 6,044 163,832
Additions - - 184 184
At 31 December 2024 59,176 98,612 6,228 164,016
Depreciation
At 1 January 2024 1,834 76,720 3,886 82,440
Charge for the year - 5,473 586 6,059
At 31 December 2024 1,834 82,193 4,472 88,499
Net book value
At 31 December 2024 57,342 16,419 1,756 75,517
At 31 December 2023 57,342 21,892 2,158 81,392
4 Debtors 2024 2023
£ £
Trade debtors 182,795 141,976
Other debtors 9,300 9,450
192,095 151,426
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 85,274 64,112
Taxation and social security costs 35,144 8,885
Other creditors 20,000 20,000
140,418 92,997
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 136,470 146,107
7 Other information
Westend Bed Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
215 Upper Richmond Road
East Sheen
London
SW14 8QT
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