Kozee Sleep (Midlands) limited

Kozee Sleep (Midlands) limited
Registered number:		02049788
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		836,474			905,171

Current assets
Stocks		789,775			938,564
Debtors	4	1,408,190			1,123,449
Cash at bank and in hand		161,235			193,303
		2,359,200			2,255,316

Creditors: amounts falling due within one year	5	(1,404,898)			(1,347,930)

Net current assets			954,302			907,386

Total assets less current liabilities			1,790,776			1,812,557


Provisions for liabilities			(101,855)			(96,138)


Net assets			1,688,921			1,716,419

Capital and reserves
Called up share capital			10,000			10,000
Revaluation reserve	6		222,451			222,451
Profit and loss account			1,456,470			1,483,968

Shareholders' funds			1,688,921			1,716,419

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Zahoor
Director
Approved by the board on 4 August 2025

Kozee Sleep (Midlands) limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	Kozee Sleep (Midlands) Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FPS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			79		76


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost or revaluation
	At 1 May 2024	550,000		3,994,802		4,544,802
	Additions	-		6,587		6,587
	At 30 April 2025	550,000		4,001,389		4,551,389

	Depreciation
	At 1 May 2024	166,314		3,473,317		3,639,631
	Charge for the year	12,651		62,633		75,284
	At 30 April 2025	178,965		3,535,950		3,714,915

	Net book value
	At 30 April 2025	371,035		465,439		836,474
	At 30 April 2024	383,686		521,485		905,171


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			327,549		327,549
	Cumulative depreciation based on historical cost			140,110		134,110
				187,439		193,439


4	Debtors			2025		2024
£					£

	Trade debtors			1,193,401		960,449
	Other debtors			214,789		163,000
				1,408,190		1,123,449


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,202,472		1,187,652
	Corporation tax			10,328		-
	Other taxes and social security costs			165,488		144,993
	Other creditors			26,610		15,285
				1,404,898		1,347,930


6	Revaluation reserve			2025		2024
£					£

	At 1 May 2024			222,451		222,451

	At 30 April 2025			222,451		222,451


7	Other financial commitments			2025		2024
£					£
	At the year end the company had annual commitments under non-
	cancellable operating leases as set out below:

	Operating leases which expire: within two to five years.			7,912		7,912


8	Other information

	Kozee Sleep (Midlands) limited is a private company limited by shares and incorporated in England.