Company registration number 09172000 (England and Wales)
ENCHANTED HOUSE BEDS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ENCHANTED HOUSE BEDS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ENCHANTED HOUSE BEDS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
250
-
0
Tangible assets
4
828,472
750,300
828,722
750,300
Current assets
Stocks
189,785
117,665
Debtors
5
475,425
456,479
Cash at bank and in hand
198,015
133,852
863,225
707,996
Creditors: amounts falling due within one year
6
(410,748)
(374,377)
Net current assets
452,477
333,619
Total assets less current liabilities
1,281,199
1,083,919
Creditors: amounts falling due after more than one year
7
(280,000)
(280,000)
Provisions for liabilities
(68,165)
(44,412)
Net assets
933,034
759,507
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
932,884
759,357
Total equity
933,034
759,507
ENCHANTED HOUSE BEDS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 April 2025 and are signed on its behalf by:
Mr S C Cann
Mr J B Dufty
Director
Director
Company registration number 09172000 (England and Wales)
ENCHANTED HOUSE BEDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Enchanted House Beds Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Railway Station, Sampford Courtenay, Okehampton, Devon, EX20 2SN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Enchanted House Beds Limited is a wholly owned subsidiary of Ashbury Holdings (SW) Ltd.

1.2
Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation.

Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Trademarks
Nil
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
2% per annum on cost
Land and buildings Leasehold
Over 3 & 5 years
Plant and machinery
25% per annum on net book value
Fixtures, fittings & equipment
33% per annum on cost
Motor vehicles
25% per annum on cost
ENCHANTED HOUSE BEDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

ENCHANTED HOUSE BEDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
42
36
3
Intangible fixed assets
Trademarks
£
Cost
At 1 January 2024
-
0
Additions
250
At 31 December 2024
250
Amortisation and impairment
At 1 January 2024 and 31 December 2024
-
0
Carrying amount
At 31 December 2024
250
At 31 December 2023
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
707,359
240,820
948,179
Additions
3,544
159,631
163,175
Disposals
-
0
(64,741)
(64,741)
At 31 December 2024
710,903
335,710
1,046,613
Depreciation and impairment
At 1 January 2024
61,658
136,221
197,879
Depreciation charged in the year
23,122
44,022
67,144
Eliminated in respect of disposals
-
0
(46,882)
(46,882)
At 31 December 2024
84,780
133,361
218,141
Carrying amount
At 31 December 2024
626,123
202,349
828,472
At 31 December 2023
645,701
104,599
750,300
ENCHANTED HOUSE BEDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
313,697
333,161
Other debtors
161,728
123,318
475,425
456,479
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
193,768
135,211
Taxation and social security
132,525
113,600
Other creditors
84,455
125,566
410,748
374,377
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
280,000
280,000
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
280,000
280,000
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