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REGISTERED NUMBER: 06298357 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

COMFORT MATTRESS LIMITED

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMFORT MATTRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J E Roberts-Mundy
S R O Mundy





SECRETARY: J E Roberts-Mundy





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: 5b St Francis Way
Shefford
Bedfordshire
SG17 5DZ





REGISTERED NUMBER: 06298357 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 516,240 445,549
Investment property 5 263,367 -
779,607 445,549

CURRENT ASSETS
Stocks 425,321 550,000
Debtors 6 107,344 115,108
Cash at bank and in hand 163,068 444,368
695,733 1,109,476
CREDITORS
Amounts falling due within one year 7 329,411 322,270
NET CURRENT ASSETS 366,322 787,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,145,929

1,232,755

CREDITORS
Amounts falling due after more than one
year

8

(140,402

)

(242,018

)

PROVISIONS FOR LIABILITIES (3,614 ) (5,892 )
NET ASSETS 1,001,913 984,845

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,001,713 984,645
SHAREHOLDERS' FUNDS 1,001,913 984,845

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

BALANCE SHEET - continued
31 JULY 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 28 April 2025 and were signed on its behalf by:




J E Roberts-Mundy - Director



S R O Mundy - Director


COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Comfort Mattress 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:


Freehold properties- 2% on cost
Motor vehicles- 25% on reducing balance
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 25% on reducing balance
Office equipment- 33% on cost
Computer equipment- 15% on reducing balance

Land is not depreciated and the residual value of the freehold property is estimated to be in excess of costs.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Plant and
properties vehicles machinery
£ £ £
COST
At 1 August 2023 504,074 20,250 10,301
Additions - - -
At 31 July 2024 504,074 20,250 10,301
DEPRECIATION
At 1 August 2023 75,964 9,915 7,824
Charge for year (73,708 ) 2,583 372
At 31 July 2024 2,256 12,498 8,196
NET BOOK VALUE
At 31 July 2024 501,818 7,752 2,105
At 31 July 2023 428,110 10,335 2,477

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Office Computer
fittings equipment equipment Totals
£ £ £ £
COST
At 1 August 2023 8,557 5,105 10,580 558,867
Additions - - 779 779
At 31 July 2024 8,557 5,105 11,359 559,646
DEPRECIATION
At 1 August 2023 8,297 5,094 6,224 113,318
Charge for year 65 11 765 (69,912 )
At 31 July 2024 8,362 5,105 6,989 43,406
NET BOOK VALUE
At 31 July 2024 195 - 4,370 516,240
At 31 July 2023 260 11 4,356 445,549

During the year, the directors reviewed the depreciation policy used to estimate the charge to the profit and loss account as part of their regular review. As a result, the estimate of the residual value for the freehold property was amended. The effect on the result for the year was an increase of £82,390.

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Additions 263,367
At 31 July 2024 263,367
NET BOOK VALUE
At 31 July 2024 263,367

The directors consider the open market value of the investment property owned by the company to be consistent with the above net book value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 45,481 58,022
Other debtors 6,970 11,170
VAT 45,265 38,268
Prepayments and accrued income 9,628 7,648
107,344 115,108

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans (see note 9) 101,576 95,747
Trade creditors 196,582 159,059
Corporation tax 1,004 30,698
Social security and other taxes 2,308 2,124
Other Creditors 69 56
Directors' loan account 19,261 19,862
Pension 1,426 1,067
Accruals 7,185 13,657
329,411 322,270

The bank loan is secured by way of a debenture incorporating a fixed and floating charge held by legal mortgage over the assets and undertakings of the company. In addition, the freehold properties are further secured by way of two additional legal mortgage charges.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 9) 140,402 242,018

The bank loan is secured by way of a debenture incorporating a fixed and floating charge held by legal mortgage over the assets and undertakings of the company. In addition, the freehold properties are further secured by way of two additional legal mortgage charges.

During the year, the company undertook a bank loan under the Coronavirus Business Interruption Loan Scheme (CBILS). No interest is payable by the company in year one, being 5% per annum from year two onwards.

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loan 32,879 32,879
Bank loan CBILS 68,697 62,868
101,576 95,747

Amounts falling due between one and two years:
Bank loans 116,116 149,035
Bank loan CBILS due > 1 year 24,286 92,983
140,402 242,018

COMFORT MATTRESS LIMITED (REGISTERED NUMBER: 06298357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. RELATED PARTY DISCLOSURES

No one entity has control or ultimate control of the company.

At the year end the company owed an amount of £19,261 (2023: £19,862) to S R O Mundy and J E Roberts-Mundy, directors. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms in place.