1 April 2024 v2025.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP075139632024-04-012025-03-31075139632025-03-31075139632024-03-3107513963core:WithinOneYear2025-03-3107513963core:WithinOneYear2024-03-3107513963core:AfterOneYear2025-03-3107513963core:AfterOneYear2024-03-3107513963core:ShareCapital2025-03-3107513963core:ShareCapital2024-03-3107513963core:RetainedEarningsAccumulatedLosses2025-03-3107513963core:RetainedEarningsAccumulatedLosses2024-03-3107513963bus:Director12024-04-012025-03-3107513963bus:RegisteredOffice2024-04-012025-03-3107513963core:PlantMachinery2024-04-012025-03-3107513963core:FurnitureFittings2024-04-012025-03-31075139632023-04-012024-03-3107513963core:PlantMachinery2025-03-3107513963core:PlantMachinery2024-04-0107513963core:PlantMachinery2024-03-310751396312024-04-012025-03-3107513963countries:EnglandWales2024-04-012025-03-3107513963bus:AuditExemptWithAccountantsReport2024-04-012025-03-3107513963bus:PrivateLimitedCompanyLtd2024-04-012025-03-3107513963bus:SmallEntities2024-04-012025-03-3107513963bus:FullAccounts2024-04-012025-03-31
Company registration number:
07513963
Bedwell Bedding Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Bedwell Bedding Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
1,219,215
 
1,354,688
 
Current assets    
Stocks
381,556
 
300,109
 
Debtors 6
135,895
 
233,929
 
Cash at bank and in hand
150
 
150
 
517,601
 
534,188
 
Creditors: amounts falling due within one year 7
(1,378,776
)
(1,186,344
)
Net current liabilities
(861,175
)
(652,156
)
Total assets less current liabilities 358,040   702,532  
Creditors: amounts falling due after more than one year 8
(778,022
)
(954,196
)
Net liabilities
(419,982
)
(251,664
)
Capital and reserves    
Called up share capital
150
 
150
 
Profit and loss account
(420,132
)
(251,814
)
Shareholders deficit
(419,982
)
(251,664
)
For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
16 July 2025
, and are signed on behalf of the board by:
D Sanderson
Director
Company registration number:
07513963
Bedwell Bedding Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Sandholme Farm
,
Skipton On Swale
,
Thirsk
,
North Yorkshire
,
YO7 4SB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The accounts are prepared on the going concern basis, the validity of which depends on continued financial support of the directors who have pledged their support for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% Reducing balance
Fixtures and fittings
10% Reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2024:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
and
31 March 2025
2,598,868
 
Depreciation  
At
1 April 2024
1,244,180
 
Charge
135,473
 
At
31 March 2025
1,379,653
 
Carrying amount  
At
31 March 2025
1,219,215
 
At 31 March 2024
1,354,688
 

6 Debtors

20252024
££
Trade debtors
130,155
 
221,558
 
Other debtors
5,740
 
12,371
 
135,895
 
233,929
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
911,336
 
812,478
 
Trade creditors
117,618
 
71,236
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
184,808
 
122,162
 
Taxation and social security
53,920
 
43,899
 
Other creditors
111,094
 
136,569
 
1,378,776
 
1,186,344
 
Included in creditors falling due within one year are secured liabilities of £965,920 (2024 - £884,639).

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
615,935
 
727,523
 
Other creditors
162,087
 
226,673
 
778,022
 
954,196
 
Included in creditors falling due after more than one year are secured liabilities of £772,361 (2024 - £937,529).
Included within creditors: amounts falling due after more than one year is an amount of £108,585 (2024 £185,495 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.