IRIS Accounts Production v25.1.3.33 03051748 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030517482023-12-31030517482024-12-31030517482024-01-012024-12-31030517482022-12-31030517482023-01-012023-12-31030517482023-12-3103051748ns15:EnglandWales2024-01-012024-12-3103051748ns14:PoundSterling2024-01-012024-12-3103051748ns10:Director12024-01-012024-12-3103051748ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103051748ns10:SmallEntities2024-01-012024-12-3103051748ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103051748ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103051748ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103051748ns10:FullAccounts2024-01-012024-12-310305174812024-01-012024-12-3103051748ns5:CurrentFinancialInstruments2024-12-3103051748ns5:CurrentFinancialInstruments2023-12-3103051748ns5:ShareCapital2024-12-3103051748ns5:ShareCapital2023-12-3103051748ns5:CapitalRedemptionReserve2024-12-3103051748ns5:CapitalRedemptionReserve2023-12-3103051748ns5:RetainedEarningsAccumulatedLosses2024-12-3103051748ns5:RetainedEarningsAccumulatedLosses2023-12-3103051748ns10:RegisteredOffice2024-01-012024-12-310305174812024-01-012024-12-3103051748ns5:LeaseholdImprovements2024-01-012024-12-3103051748ns5:PlantMachinery2024-01-012024-12-3103051748ns5:MotorVehicles2024-01-012024-12-3103051748ns5:ComputerEquipment2024-01-012024-12-3103051748ns5:NetGoodwill2023-12-3103051748ns5:NetGoodwill2024-12-3103051748ns5:NetGoodwill2023-12-3103051748ns5:LeaseholdImprovements2023-12-3103051748ns5:PlantMachinery2023-12-3103051748ns5:MotorVehicles2023-12-3103051748ns5:ComputerEquipment2023-12-3103051748ns5:LeaseholdImprovements2024-12-3103051748ns5:PlantMachinery2024-12-3103051748ns5:MotorVehicles2024-12-3103051748ns5:ComputerEquipment2024-12-3103051748ns5:LeaseholdImprovements2023-12-3103051748ns5:PlantMachinery2023-12-3103051748ns5:MotorVehicles2023-12-3103051748ns5:ComputerEquipment2023-12-3103051748ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103051748ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103051748ns5:WithinOneYear2024-12-3103051748ns5:WithinOneYear2023-12-3103051748ns5:BetweenOneFiveYears2024-12-3103051748ns5:BetweenOneFiveYears2023-12-3103051748ns5:AllPeriods2024-12-3103051748ns5:AllPeriods2023-12-31
REGISTERED NUMBER: 03051748 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Bed Base Company Limited

The Bed Base Company Limited (Registered number: 03051748)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


The Bed Base Company Limited (Registered number: 03051748)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 273,073 313,634
273,073 313,634

Current assets
Stocks 874,026 543,078
Debtors 7 1,260,413 445,736
Investments 8 1,163,206 1,000,000
Cash at bank and in hand 1,310,174 2,108,708
4,607,819 4,097,522
Creditors
Amounts falling due within one year 9 (1,034,449 ) (1,208,140 )
Net current assets 3,573,370 2,889,382
Total assets less current liabilities 3,846,443 3,203,016

Provisions for liabilities (54,254 ) (63,994 )
Net assets 3,792,189 3,139,022

Capital and reserves
Called up share capital 49 30
Capital redemption reserve (1,781,151 ) (1,781,132 )
Retained earnings 5,573,291 4,920,124
3,792,189 3,139,022

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

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

The Bed Base Company Limited (Registered number: 03051748)

Balance Sheet - continued
31 December 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 20 May 2025 and were signed on its behalf by:





Mr D P Ayres - Director


The Bed Base Company Limited (Registered number: 03051748)

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


1. Statutory information

The Bed Base Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03051748

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when the significant risks and rewards ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

The Bed Base Company Limited (Registered number: 03051748)

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


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Plant and machinery - 25% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance
Computer equipment - 15% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

The Bed Base Company Limited (Registered number: 03051748)

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


3. Accounting policies - continued

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.

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.

4. Employees and directors

The average number of employees during the year was 34 (2023 - 34 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
and 31 December 2024 9,000
Amortisation
At 1 January 2024
and 31 December 2024 9,000
Net book value
At 31 December 2024 -
At 31 December 2023 -

The Bed Base Company Limited (Registered number: 03051748)

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


6. Tangible fixed assets
Improvements Plant and Motor Computer
to property machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 January 2024 76,295 673,275 346,713 12,260 1,108,543
Additions 5,290 24,913 6,250 5,485 41,938
At 31 December 2024 81,585 698,188 352,963 17,745 1,150,481
Depreciation
At 1 January 2024 44,329 610,684 132,889 7,007 794,909
Charge for year 5,351 19,901 53,850 3,397 82,499
At 31 December 2024 49,680 630,585 186,739 10,404 877,408
Net book value
At 31 December 2024 31,905 67,603 166,224 7,341 273,073
At 31 December 2023 31,966 62,591 213,824 5,253 313,634

7. Debtors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade debtors 402,852 390,344
Other debtors 857,561 55,392
1,260,413 445,736

8. Current asset investments
31.12.24 31.12.23
£ £
Listed investments 1,163,206 1,000,000

Listed investments comprise of a trading portfolio measured at fair value through profit and loss. Fair value is
determined by the market value of the assets within the portfolio as at the balance sheet date.

9. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade creditors 605,317 727,783
Taxation and social security 418,369 413,286
Other creditors 10,763 67,071
1,034,449 1,208,140

The Bed Base Company Limited (Registered number: 03051748)

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


10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£ £
Within one year 157,163 -
Between one and five years 434,917 -
592,080 -

11. Directors' advances, credits and guarantees

During the year there were net transactions with the directors of £798,906 (2023: £3,019). As at the balance sheet date £797,488 was owed to the company by the directors (2023: £1,418 was owed to the directors by the company). The loan has been subject to an interest rate of 2.25% p.a., is repayable on demand and will be repaid in full by 30 September 2025.