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SLEEPLICITY UK LIMITED

Registered Number
12136857
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

SLEEPLICITY UK LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Tung Shing Sze

Registered Address

10 Hanworth Road
Feltham
TW13 5AB

Registered Number

12136857 (England and Wales)
SLEEPLICITY UK LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,61015,715
6,61015,715
Current assets
Debtors7,39011,753
Cash at bank and on hand1,1952,006
8,58513,759
Creditors amounts falling due within one year4(141,085)(125,748)
Net current assets (liabilities)(132,500)(111,989)
Total assets less current liabilities(125,890)(96,274)
Net assets(125,890)(96,274)
Capital and reserves
Called up share capital11
Profit and loss account(125,891)(96,275)
Shareholders' funds(125,890)(96,274)
The financial statements were approved and authorised for issue by the Director on 20 May 2025, and are signed on its behalf by:
Tung Shing Sze
Director
Registered Company No. 12136857
SLEEPLICITY UK LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on a going concern basis as the shareholders have agreed to support the business.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

20242023
Average number of employees during the year34
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 September 2344,26925,55369,822
Additions-1,5821,582
Disposals-(1,235)(1,235)
At 31 August 2444,26925,90070,169
Depreciation and impairment
At 01 September 2334,67719,43054,107
Charge for year6,7613,81210,573
On disposals-(1,121)(1,121)
At 31 August 2441,43822,12163,559
Net book value
At 31 August 242,8313,7796,610
At 31 August 239,5926,12315,715
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables476967
Amounts owed to related parties138,210120,587
Taxation and social security2,0424,194
Accrued liabilities and deferred income357-
Total141,085125,748
5.Related party transactions
The director maintains an interest free loan account with the company. The balance owed to the director as at 31 August 2024 was £138,210 (2023 - £120,587).