Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-21120248falsetruetrue2024-01-01No description of principal activity10The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07542428 2024-01-01 2024-12-31 07542428 2023-01-01 2023-12-31 07542428 2024-12-31 07542428 2023-12-31 07542428 c:Director1 2024-01-01 2024-12-31 07542428 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 07542428 d:Buildings d:LongLeaseholdAssets 2024-12-31 07542428 d:Buildings d:LongLeaseholdAssets 2023-12-31 07542428 d:MotorVehicles 2024-01-01 2024-12-31 07542428 d:MotorVehicles 2024-12-31 07542428 d:MotorVehicles 2023-12-31 07542428 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07542428 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07542428 d:FurnitureFittings 2024-01-01 2024-12-31 07542428 d:FurnitureFittings 2024-12-31 07542428 d:FurnitureFittings 2023-12-31 07542428 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07542428 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07542428 d:OfficeEquipment 2024-01-01 2024-12-31 07542428 d:OfficeEquipment 2024-12-31 07542428 d:OfficeEquipment 2023-12-31 07542428 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07542428 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07542428 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07542428 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07542428 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07542428 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07542428 d:CurrentFinancialInstruments 2024-12-31 07542428 d:CurrentFinancialInstruments 2023-12-31 07542428 d:Non-currentFinancialInstruments 2024-12-31 07542428 d:Non-currentFinancialInstruments 2023-12-31 07542428 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07542428 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07542428 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07542428 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07542428 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 07542428 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 07542428 d:ShareCapital 2024-12-31 07542428 d:ShareCapital 2023-12-31 07542428 d:RetainedEarningsAccumulatedLosses 2024-12-31 07542428 d:RetainedEarningsAccumulatedLosses 2023-12-31 07542428 c:FRS102 2024-01-01 2024-12-31 07542428 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07542428 c:FullAccounts 2024-01-01 2024-12-31 07542428 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07542428 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 07542428 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 07542428 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 07542428 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 07542428 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 07542428










THE INTERNET BED CO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
THE INTERNET BED CO LTD
REGISTERED NUMBER: 07542428

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
76,346
96,893

  
76,346
96,893

Current assets
  

Stocks
  
124,482
169,815

Debtors: amounts falling due within one year
 6 
58,159
49,271

Cash at bank and in hand
 7 
95,765
99,307

  
278,406
318,393

Creditors: amounts falling due within one year
 8 
(217,937)
(235,632)

Net current assets
  
 
 
60,469
 
 
82,761

Total assets less current liabilities
  
136,815
179,654

Creditors: amounts falling due after more than one year
 9 
(16,692)
(33,670)

  

Net assets
  
120,123
145,984


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
120,093
145,954

  
120,123
145,984


Page 1

 
THE INTERNET BED CO LTD
REGISTERED NUMBER: 07542428
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C O'Connor
Director

Date: 21 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its registered office is:-
Unit 2 Portrack Retail Park
Holme House Road
Stockton
TS18 2SB

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
50 years straight line
Motor vehicles
-
4 years straight line
Fixtures & fittings
-
5 years straight line
Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 10).

Page 4

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2024
7,300



At 31 December 2024

7,300



Amortisation


At 1 January 2024
7,300



At 31 December 2024

7,300



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 5

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Leasehold improvements
Motor vehicles
Fixtures & fittings
Office equipment

£
£
£
£



Cost


At 1 January 2024
72,146
31,200
5,000
3,312



At 31 December 2024

72,146
31,200
5,000
3,312



Depreciation


At 1 January 2024
4,677
3,250
5,000
1,838


Charge for the year on owned assets
12,024
-
-
723


Charge for the year on financed assets
-
7,800
-
-



At 31 December 2024

16,701
11,050
5,000
2,561



Net book value



At 31 December 2024
55,445
20,150
-
751



At 31 December 2023
67,469
27,950
-
1,474
Page 6

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

           5.Tangible fixed assets (continued)


Total

£



Cost


At 1 January 2024
111,658



At 31 December 2024

111,658



Depreciation


At 1 January 2024
14,765


Charge for the year on owned assets
12,747


Charge for the year on financed assets
7,800



At 31 December 2024

35,312



Net book value



At 31 December 2024
76,346



At 31 December 2023
96,893


6.


Debtors

2024
2023
£
£


Trade debtors
45,646
44,560

Other debtors
30
30

Prepayments and accrued income
12,483
4,681

58,159
49,271



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
95,765
99,307

95,765
99,307


Page 7

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
130,327
116,982

Corporation tax
306
-

Other taxation and social security
52,234
44,502

Obligations under finance lease and hire purchase contracts
7,811
7,811

Other creditors
321
476

Accruals and deferred income
16,938
55,861

217,937
235,632



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,000
14,167

Net obligations under finance leases and hire purchase contracts
11,692
19,503

16,692
33,670



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000



Amounts falling due after more than 5 years

Bank loans
5,000
14,167

5,000
14,167

15,000
24,167


Page 8

 
THE INTERNET BED CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,811
7,811

Between 1-5 years
11,692
19,503

19,503
27,314

 
Page 9