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REGISTERED NUMBER: 06866572 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

THE M6 BED WAREHOUSE LIMITED

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 150,346 85,380
150,347 85,381

CURRENT ASSETS
Stocks 145,623 84,000
Debtors 6 301,582 295,738
Cash at bank and in hand 715,543 576,179
1,162,748 955,917
CREDITORS
Amounts falling due within one year 7 (699,927 ) (403,720 )
NET CURRENT ASSETS 462,821 552,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,168

637,578

CREDITORS
Amounts falling due after more than one
year

8

(79,694

)

(63,365

)

PROVISIONS FOR LIABILITIES (37,586 ) (21,345 )
NET ASSETS 495,888 552,868

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 495,788 552,768
SHAREHOLDERS' FUNDS 495,888 552,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





J L Mitchell - Director


THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

The M6 Bed Warehouse 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: 06866572

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. Revenue is reduced for customer returns, discounts allowed and excludes VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 10% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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 and the pension charge represents the amount payable by the company to the fund in respect of the year.

Going concern
The Directors have a reasonable expectation that the business has adequate resources to continue in operational existence for the foreseeable future. The period which they have considered in their assessment is at least 12 months from the date of approval of these financial statements. They thus continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 22,000
AMORTISATION
At 1 December 2023
and 30 November 2024 21,999
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 - 143,645 6,739 150,384
Additions 59,402 31,000 9,387 99,789
At 30 November 2024 59,402 174,645 16,126 250,173
DEPRECIATION
At 1 December 2023 - 58,842 6,162 65,004
Charge for year 5,940 26,367 2,516 34,823
At 30 November 2024 5,940 85,209 8,678 99,827
NET BOOK VALUE
At 30 November 2024 53,462 89,436 7,448 150,346
At 30 November 2023 - 84,803 577 85,380

Fixed assets with a net book value of £81,940 (2023: £82,182) have been acquired under hire purchase arrangements. The depreciation charged in the year was £23,869 (2023: £10,487).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,419 64,736
Other debtors 261,163 231,002
301,582 295,738

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 11,783
Hire purchase contracts (see note 9) 12,397 8,709
Trade creditors 423,846 203,043
Taxation and social security 166,948 136,735
Other creditors 96,736 43,450
699,927 403,720

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 79,694 63,365

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,397 8,709
Between one and five years 79,694 63,365
92,091 72,074

Operating lease payments falling due in respect of property leases are:

2024 2023
£ £
Within one year 165,908 49,533
Between two and five years 576,948 161,808
In more than five years 494,592 -
1,237,447 211,341

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase liabilities 92,090 72,074

The hire purchase liabilities are secured on the assets concerned.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
J L Mitchell and D A Mitchell
Balance outstanding at start of year 202,122 173,731
Amounts advanced 217,235 202,122
Amounts repaid (202,122 ) (173,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 217,235 202,122

Interest is charged on the loan.

THE M6 BED WAREHOUSE LIMITED (REGISTERED NUMBER: 06866572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,737 (2023: £1,481) were due to the fund. They are included in other creditors.