Company Registration No. 11796167 (England and Wales)
Hollywood Beds Limited
Unaudited accounts
for the year ended 31 January 2025
Hollywood Beds Limited
Unaudited accounts
Contents
Hollywood Beds Limited
Company Information
for the year ended 31 January 2025
Company Number
11796167 (England and Wales)
Registered Office
UNIT 2B, HEATH FARM, ALCESTER RD
BIRMINGHAM
B47 6AJ
GB
Accountants
Barbara Krzyczmonik
45 Matheson Road
Southampton
-
SO16 8GS
Hollywood Beds Limited
Statement of financial position
as at 31 January 2025
Called up share capital not paid
100
100
Tangible assets
7,047
9,321
Cash at bank and in hand
529,704
408,236
Creditors: amounts falling due within one year
(70,712)
(64,528)
Net current assets
529,468
424,030
Total assets less current liabilities
536,615
433,451
Creditors: amounts falling due after more than one year
-
(29,630)
Net assets
536,615
403,821
Called up share capital
100
100
Profit and loss account
536,515
403,721
Shareholders' funds
536,615
403,821
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2025 and were signed on its behalf by
Costa Christou
Director
Company Registration No. 11796167
Hollywood Beds Limited
Notes to the Accounts
for the year ended 31 January 2025
Hollywood Beds Limited is a private company, limited by shares, registered in England and Wales, registration number 11796167. The registered office is UNIT 2B, HEATH FARM, ALCESTER RD, BIRMINGHAM, B47 6AJ, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Hollywood Beds Limited
Notes to the Accounts
for the year ended 31 January 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2024
7,323
2,370
24,000
9,510
2,558
45,761
Additions
-
278
-
1,458
-
1,736
At 31 January 2025
7,323
2,648
24,000
10,968
2,558
47,497
At 1 February 2024
2,423
2,128
21,677
8,587
1,625
36,440
Charge for the year
488
222
2,323
593
384
4,010
At 31 January 2025
2,911
2,350
24,000
9,180
2,009
40,450
At 31 January 2025
4,412
298
-
1,788
549
7,047
At 31 January 2024
4,900
242
2,323
923
933
9,321
Finished goods
48,123
49,224
Amounts falling due within one year
Trade debtors
15,717
23,380
Accrued income and prepayments
8,093
8,154
Other debtors
(1,457)
(436)
Hollywood Beds Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
5,556
Taxes and social security
47,617
37,350
Loans from directors
3,691
5,147
8
Creditors: amounts falling due after more than one year
2025
2024
9
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
47,000
47,000
Later than one year and not later than five years
188,000
188,000
Later than five years
282,000
329,000
10
Average number of employees
During the year the average number of employees was 4 (2024: 4).