365 Sleep Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14957895

365 Sleep Solutions Limited

Filleted Unaudited Financial Statements

31 December 2024

365 Sleep Solutions Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

365 Sleep Solutions Limited

Officers and Professional Advisers

The board of directors	L J Goldsmith
	C M Mehta

Registered office	167-169 Great Portland Street
	London
	W1W 5PF

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

365 Sleep Solutions Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of 365 Sleep Solutions Limited

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

365 Sleep Solutions Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	4	1,605	2,053

Current assets

Stocks		299,220	202,815
Debtors	5	189,040	235,100
Cash at bank and in hand		21,048	128,763
		---------	---------
		509,308	566,678

Creditors: amounts falling due within one year	6	466,648	554,385
		---------	---------
Net current assets		42,660	12,293
		--------	--------
Total assets less current liabilities		44,265	14,346

Creditors: amounts falling due after more than one year	7	153,865	50,500
		---------	--------
Net liabilities		( 109,600)	( 36,154)
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 109,700)	( 36,254)
	---------	--------
Shareholders deficit	( 109,600)	( 36,154)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 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 .

365 Sleep Solutions Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

L J Goldsmith

Director

Company registration number: 14957895

365 Sleep Solutions Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 167-169 Great Portland Street, London, W1W 5PF.

2. Statement of compliance

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

Going concern

In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer Equipment	-	20% straight line

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 stock to its present location and condition.

4. Tangible assets

	Equipment
	£
Cost
At 1 January 2024 and 31 December 2024	2,240
	-------
Depreciation
At 1 January 2024	187
Charge for the year	448
	-------
At 31 December 2024	635
	-------
Carrying amount
At 31 December 2024	1,605
	-------
At 31 December 2023	2,053
	-------

5. Debtors

	2024	2023
	£	£
Trade debtors	5,384	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	71,568	4,409
Other debtors	112,088	230,691
	---------	---------
	189,040	235,100
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	361,064	200,134
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,481	13,132
Social security and other taxes	14,236	61,798
Other creditors	86,867	279,321
	---------	---------
	466,648	554,385
	---------	---------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	153,865	50,500
	---------	--------

8. Controlling party

The immediate parent company is XLV1 Administrative Limited by virtue of owning the entire issued share capital of the company.