Registered number
04717555
Quality Beds Limited
Report and Accounts
31 March 2025
Quality Beds Limited
Report to the director on the preparation of the unaudited statutory accounts of Quality Beds Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Quality Beds Limited for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
20 May 2025
Quality Beds Limited
Registered number: 04717555
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 821 1,095
Current assets
Stocks 23,328 33,807
Debtors 3 5,917 1,077
Cash at bank and in hand 403,527 365,674
432,772 400,558
Creditors: amounts falling due within one year 4 (29,427) (21,790)
Net current assets 403,345 378,768
Net assets 404,166 379,863
Capital and reserves
Called up share capital 2 2
Profit and loss account 404,164 379,861
Shareholder's funds 404,166 379,863
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D G Stevens
Director
Approved by the board on 20 May 2025
Quality Beds Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & Fittings 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2025 2024
£ £
Trade debtors 5,917 1,077
5,917 1,077
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - -
Corporation tax 15,154 14,887
Other taxes and social security costs 9,405 6,190
Other creditors 4,868 713
29,427 21,790
5 Other information
Quality Beds Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Nottingham
NG8 2BE
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