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REGISTERED NUMBER: 07076425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Somerset Beds & Mattresses Ltd

Somerset Beds & Mattresses Ltd (Registered number: 07076425)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Somerset Beds & Mattresses Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Z C Whiting
Mrs M J Whiting
C I T Whiting
A L Whiting





REGISTERED OFFICE: Unit 9a Marchfields Way
Weston-Super-Mare
Avon
BS23 3YY





REGISTERED NUMBER: 07076425 (England and Wales)





ACCOUNTANTS: Nigelmarks Ltd
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ

Somerset Beds & Mattresses Ltd (Registered number: 07076425)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,602 84,826
Investments 5 - 116,725
91,602 201,551

CURRENT ASSETS
Stocks 169,750 199,156
Debtors 6 84,810 122,447
Cash at bank and in hand 141,274 146,264
395,834 467,867
CREDITORS
Amounts falling due within one year 7 174,393 222,683
NET CURRENT ASSETS 221,441 245,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,043

446,735

CREDITORS
Amounts falling due after more than
one year

8

(17,863

)

(35,687

)

PROVISIONS FOR LIABILITIES (24,130 ) (17,912 )
NET ASSETS 271,050 393,136

Somerset Beds & Mattresses Ltd (Registered number: 07076425)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,950 393,036
271,050 393,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:




Mrs M J Whiting - Director



C I T Whiting - Director


Somerset Beds & Mattresses Ltd (Registered number: 07076425)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Somerset Beds & Mattresses Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Income Statement, 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.


Somerset Beds & Mattresses Ltd (Registered number: 07076425)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 80,142 33,895 144,267 32,821 291,125
Additions - - 36,230 - 36,230
At 31 December 2024 80,142 33,895 180,497 32,821 327,355
DEPRECIATION
At 1 January 2024 80,140 25,771 74,139 26,249 206,299
Charge for year 2 1,219 26,590 1,643 29,454
At 31 December 2024 80,142 26,990 100,729 27,892 235,753
NET BOOK VALUE
At 31 December 2024 - 6,905 79,768 4,929 91,602
At 31 December 2023 2 8,124 70,128 6,572 84,826

Somerset Beds & Mattresses Ltd (Registered number: 07076425)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 January 2024 116,725
Disposals (116,725 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 116,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,242 50,926
Other debtors 62,568 71,521
84,810 122,447

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 21,977 11,362
Trade creditors 6,973 12,251
Taxation and social security 90,837 73,052
Other creditors 44,606 116,018
174,393 222,683

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 4,061 14,061
Hire purchase contracts 13,802 21,626
17,863 35,687

Somerset Beds & Mattresses Ltd (Registered number: 07076425)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mrs M J Whiting
Balance outstanding at start of year - 11,478
Amounts repaid - (11,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Z C Whiting
Balance outstanding at start of year - 11,478
Amounts repaid - (11,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

C I T Whiting
Balance outstanding at start of year - 11,478
Amounts repaid - (11,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -