Registration number:
Just Bedding Solutions Ltd
for the Period from 9 April 2024 to 31 December 2024
Just Bedding Solutions Ltd
Contents
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Company Information |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
Just Bedding Solutions Ltd
Company Information
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Directors |
Vitor Manuel Guimaraes Da Silva Edward Halford |
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Registered office |
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Accountants |
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Just Bedding Solutions Ltd
(Registration number: 15630819)
Abridged Balance Sheet as at 31 December 2024
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Note |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
10,004 |
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Retained earnings |
(30,941) |
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Shareholders' deficit |
(20,937) |
For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Just Bedding Solutions Ltd
(Registration number: 15630819)
Abridged Balance Sheet as at 31 December 2024
Approved and authorised by the
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Vitor Manuel Guimaraes Da Silva
Director
.........................................
Edward Halford
Director
Just Bedding Solutions Ltd
Statement of Changes in Equity for the Period from 9 April 2024 to 31 December 2024
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Share capital |
Retained earnings |
Total |
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Loss for the period |
- |
( |
( |
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New share capital subscribed |
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- |
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At 31 December 2024 |
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( |
( |
Just Bedding Solutions Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 9 April 2024 to 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales..
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. The financial statements for the initial period of trading generated a loss before taxation of £30,941. Since the year end management accounts to 30th April 2025 show a positive Balance Sheet position..
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Just Bedding Solutions Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 9 April 2024 to 31 December 2024
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% straight line |
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Improvements to leasehold property |
Over the lease term |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Just Bedding Solutions Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 9 April 2024 to 31 December 2024
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Tangible assets |
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Land and buildings |
Other tangible assets |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2024 |
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Depreciation |
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Charge for the period |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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Included within the net book value of land and buildings above is £34,847 in respect of short leasehold land and buildings.
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Stocks |
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2024 |
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Other inventories |
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Debtors |
Debtors includes £Nil due after more than one year.
Just Bedding Solutions Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 9 April 2024 to 31 December 2024
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Share capital |
Allotted, called up and fully paid shares
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2024 |
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No. |
£ |
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10,000 |
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1 |
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1 |
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1 |
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1 |
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Related party transactions |
Directors' remuneration
The directors' remuneration for the period was as follows:
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2024 |
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Remuneration |
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Summary of transactions with parent
The loan is interest free, with no fixed repayment date.
Summary of transactions with associates
The transcations were on normal commercial terms.
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Parent and ultimate parent undertaking |
The company's immediate parent is