Company registration number 05121587 (England and Wales)
MATTRESSONLINE.CO.UK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
MATTRESSONLINE.CO.UK LIMITED
COMPANY INFORMATION
Director
S Adams
Secretary
S Adams
Company number
05121587
Registered office
Unit 7, Alexandra Centre
Rail Mill Way
Parkgate
Rotherham
South Yorkshire
S62 6JE
Auditor
Beldenn Ltd
Unit 2 Axis Court
Nepshaw Lane South
Leeds
LS27 7UY
Business address
Unit 26-31
Waddington Way
Rotherham
South Yorkshire
S65 3SH
MATTRESSONLINE.CO.UK LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2 - 3
Independent auditor's report
4 - 5
Statement of income and retained earnings
6
Statement of financial position
7
Statement of cash flows
8
Notes to the financial statements
9 - 17
MATTRESSONLINE.CO.UK LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2025
- 1 -

The director presents the Strategic Report for the year ended 31 May 2025.

Principal activities

The principal activity of the Company continued to be that of retailing mattresses, beds, and bedding, both online and via a number of strategically located omni-channel retail stores.

Business review

As shown in the Company's statement of income and retained earnings, turnover for the year was £24.6m (2024: £21.9m) an increase of 12.3% in the year. Gross profit was £10.6m (2024: £10.1m) an increase of 5.0%.

The Company implemented a cost reduction exercise during the previous year, and benefited from the full year impact of this in 2025.

ESG
The Company remains focused on delivering its environmental goals. Zero to landfill mattress recycling has grown to 50% of all eligible orders.

The Company continues its support for the National Bed Federation’s Pledge For Our Planet. Additionally, the Company continues to support various charitable initiatives, volunteering days for employees and sustainable packaging and uniforms, while working with local suppliers where feasible.

Financial risks and uncertainties

Financial risks affecting the Company include the risk of reduced liquidity and interest rate (finance cost) risk . The Company maintains a positive net cash position and rigorously monitors and controls its working capital.

Competitive pressure is a continuing risk for the Company. The Company manages this risk by maintaining a strong reputation with its customers and suppliers, reacting efficiently to meet their demands and supplying quality products and services.

Payment of creditors

The Company's policy is to pay creditors in line with each supplier's agreed credit terms.

Future developments

The Company is optimistic about its prospects for the year to 31 May 2026 and current trading is above internal targets. The Company is constantly making improvements to the e-commerce website and the director anticipates a successful and profitable year.

There have been no significant events since the balance sheet date that materially affect the Company.

On behalf of the board

S Adams
Director
23 February 2026
MATTRESSONLINE.CO.UK LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MAY 2025
- 2 -

The director presents his annual report and financial statements for the year ended 31 May 2025.

Results and dividends

The results for the year are set out on page 6.

No ordinary dividends were paid. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

S Adams
Auditor

The auditor, Beldenn Ltd, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

MATTRESSONLINE.CO.UK LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
On behalf of the board
S Adams
Director
23 February 2026
Mattressonline.co.uk Limited
MATTRESSONLINE.CO.UK LIMITED
Independent auditor's report
To the members of Mattressonline.co.uk Limited
- 4 -
Opinion

We have audited the financial statements of Mattressonline.co.uk Limited (the 'company') for the year ended 31 May 2025 which comprise the statement of income and retained earnings, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

- the director's use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

- the director has not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

Mattressonline.co.uk Limited
MATTRESSONLINE.CO.UK LIMITED
Independent auditor's report (CONTINUED)
To the members of Mattressonline.co.uk Limited
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Bell (Senior Statutory Auditor)
for and on behalf of Beldenn Ltd
Chartered Accountants and
Statutory Auditor
Unit 2 Axis Court
Nepshaw Lane South
Leeds
LS27 7UY
23 February 2026
MATTRESSONLINE.CO.UK LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
2025
2024
Notes
£
£
Turnover
24,639,641
21,913,464
Cost of sales
(14,055,751)
(11,810,277)
Gross profit
10,583,890
10,103,187
Distribution costs
(2,531,095)
(2,229,105)
Administrative expenses
(8,406,833)
(7,911,217)
Operating loss
2
(354,038)
(37,135)
Interest receivable and similar income
4
38,658
47,190
Interest payable and similar expenses
5
(31,437)
(1,261)
(Loss)/profit before taxation
(346,817)
8,794
Tax on (loss)/profit
6
102,947
(14,478)
Loss for the financial year
(243,870)
(5,684)
Retained earnings brought forward
6,345,350
6,351,034
Retained earnings carried forward
6,101,480
6,345,350

The income statement has been prepared on the basis that all operations are continuing operations.

MATTRESSONLINE.CO.UK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 7 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
7
69,372
16,651
Tangible assets
8
1,252,231
1,303,742
1,321,603
1,320,393
Current assets
Stocks
11
2,912,892
2,674,779
Debtors
10
4,057,478
2,952,720
Cash at bank and in hand
1,566,029
1,379,354
8,536,399
7,006,853
Creditors: amounts falling due within one year
12
(3,229,013)
(1,832,562)
Net current assets
5,307,386
5,174,291
Total assets less current liabilities
6,628,989
6,494,684
Creditors: amounts falling due after more than one year
13
(481,122)
-
Provisions for liabilities
Deferred tax liability
14
46,287
149,234
(46,287)
(149,234)
Net assets
6,101,580
6,345,450
Capital and reserves
Called up share capital
16
100
100
Profit and loss reserves
6,101,480
6,345,350
Total equity
6,101,580
6,345,450

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved and signed by the director and authorised for issue on 23 February 2026
S Adams
Director
Company registration number 05121587 (England and Wales)
MATTRESSONLINE.CO.UK LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
19
(155,637)
(1,135,659)
Interest paid
(31,437)
(1,261)
Net cash outflow from operating activities
(187,074)
(1,136,920)
Investing activities
Purchase of intangible assets
(52,721)
(18,456)
Purchase of tangible fixed assets
(164,392)
(560,094)
Proceeds from disposal of tangible fixed assets
26,477
-
0
Interest received
38,658
47,190
Net cash used in investing activities
(151,978)
(531,360)
Financing activities
Repayment of bank loans
457,708
-
0
Payment of finance leases obligations
68,019
(10,474)
Net cash generated from/(used in) financing activities
525,727
(10,474)
Net increase/(decrease) in cash and cash equivalents
186,675
(1,678,754)
Cash and cash equivalents at beginning of year
1,379,354
3,058,108
Cash and cash equivalents at end of year
1,566,029
1,379,354
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
1
Accounting policies
Company information

Mattressonline.co.uk Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7, Alexandra Centre, Rail Mill Way, Parkgate, Rotherham, South Yorkshire, S62 6JE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for goods provided in the normal course of business, and is shown net of VAT.

Turnover is recognised on allocation of stock to customer order.

1.4
Intangible fixed assets other than goodwill
Software
10% straight line
Spare Asset 1
No amortisation
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold properties
Over the life of the lease
Plant and machinery
25% on written down value
Fixtures, fittings & equipment
25% on written down value
Motor vehicles
25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and net realisable value.

MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 10 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 11 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8
Leases

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Operating loss
2025
2024
Operating loss for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
15,000
15,000
Depreciation of tangible fixed assets
194,184
127,346
Profit on disposal of tangible fixed assets
(4,758)
-
Amortisation of intangible assets
-
1,805
Operating lease charges
81,294
52,783
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Office and administration
17
18
Warehouse and distribution
36
47
Website and marketing
16
15
Total
69
80
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
3
Employees
(Continued)
- 12 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,908,702
3,101,144
Social security costs
18,713
27,652
Pension costs
143,796
84,169
3,071,211
3,212,965
4
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
38,658
47,190
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
38,658
47,190
5
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
30,545
-
Other finance costs:
Interest on finance leases and hire purchase contracts
892
1,261
31,437
1,261
6
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
0
(58,448)
Deferred tax
Origination and reversal of timing differences
(102,947)
72,926
Total tax (credit)/charge
(102,947)
14,478
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
6
Taxation
(Continued)
- 13 -

The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
(Loss)/profit before taxation
(346,817)
8,794
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 19.00% (2024: 19.00%)
(65,895)
1,671
Tax effect of expenses that are not deductible in determining taxable profit
2,125
(371)
Unutilised tax losses carried forward
59,226
12,008
Tax at marginal rate
-
0
(2,930)
Deferred tax movement
(102,947)
72,926
Accelerated capital allowances
4,544
(68,826)
Taxation (credit)/charge for the year
(102,947)
14,478
7
Intangible fixed assets
Software
Spare Asset 1
Total
£
£
£
Cost
At 1 June 2024
18,456
-
0
18,456
Additions
7,221
45,500
52,721
At 31 May 2025
25,677
45,500
71,177
Amortisation and impairment
At 1 June 2024 and 31 May 2025
1,805
-
0
1,805
Carrying amount
At 31 May 2025
23,872
45,500
69,372
At 31 May 2024
16,651
-
0
16,651
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 14 -
8
Tangible fixed assets
Leasehold properties
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2024
674,211
177,282
809,065
256,115
1,916,673
Additions
-
0
1,169
49,139
114,084
164,392
Disposals
-
0
-
0
-
0
(88,493)
(88,493)
At 31 May 2025
674,211
178,451
858,204
281,706
1,992,572
Depreciation and impairment
At 1 June 2024
42,203
115,063
301,529
154,136
612,931
Depreciation charged in the year
9,293
15,375
133,743
35,773
194,184
Eliminated in respect of disposals
-
0
-
0
-
0
(66,774)
(66,774)
At 31 May 2025
51,496
130,438
435,272
123,135
740,341
Carrying amount
At 31 May 2025
622,715
48,013
422,932
158,571
1,252,231
At 31 May 2024
632,008
62,219
507,536
101,979
1,303,742

Included above are assets held under finance leases or hire purchase contracts as follows:

2025
2024
£
£
Motor vehicles
100,886
18,574
9
Related party transactions

The company is exempt from disclosing related party transactions with group companies as its results are included in the consolidated accounts of its parent undertaking.

10
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
303,181
299,126
Corporation tax recoverable
211,601
211,601
Amounts owed by group undertakings
3,095,287
2,056,293
Other debtors
842
3,833
Prepayments and accrued income
446,567
381,867
4,057,478
2,952,720
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 15 -
11
Stocks
2025
2024
£
£
Finished goods and goods for resale
2,912,892
2,674,779
12
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
32,500
-
0
Obligations under finance leases
20,404
8,299
Trade creditors
2,373,271
1,264,388
Taxation and social security
260,794
310,806
Other creditors
13,678
6,487
Accruals and deferred income
528,366
242,582
3,229,013
1,832,562

Hire purchase contracts are secured on the assets to which they relate.

13
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
425,208
-
0
Obligations under finance leases
55,914
-
0
481,122
-
0

Hire purchase contracts are secured on the assets to which they relate.

14
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
-
167,934
Tax losses
46,287
(18,700)
46,287
149,234
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
14
Deferred taxation
(Continued)
- 16 -
2025
Movements in the year:
£
Liability at 1 June 2024
149,234
Credit to profit or loss
(102,947)
Liability at 31 May 2025
46,287

The deferred tax liability is made up of accelerated capital allowances.

15
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
143,796
84,169

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

16
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100

The company has one class of ordinary shares which carry no right to fixed income. Each share carries one vote on any resolution.

All shares rank pari passu in respect of dividend and capital distributions.

The shares are not redeemable.

17
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
530,470
503,300
Years 2-5
1,216,612
583,649
After 5 years
18,000
44,500
1,765,082
1,131,449
MATTRESSONLINE.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 17 -
18
Ultimate controlling party

The company's ultimate parent undertaking is Cocoon Sleep Limited, which is registered in England and Wales, its registered office is Unit 7 Alexandra Centre, Raill Mill Way, Parkgate, Rotherham, South Yorkshire, England, S62 6JE. The consolidated accounts are available from Companies House, Cardiff, CF4 3UZ.

The director is considered to be the ultimate controlling party.

19
Cash absorbed by operations
2025
2024
£
£
Loss after taxation
(243,870)
(5,684)
Adjustments for:
Taxation (credited)/charged
(102,947)
14,478
Finance costs
31,437
1,261
Investment income
(38,658)
(47,190)
Gain on disposal of tangible fixed assets
(4,758)
-
Amortisation and impairment of intangible assets
-
0
1,805
Depreciation and impairment of tangible fixed assets
194,184
127,346
Movements in working capital:
Increase in stocks
(238,113)
(21,831)
Increase in debtors
(1,104,758)
(763,112)
Increase/(decrease) in creditors
1,351,846
(442,732)
Cash absorbed by operations
(155,637)
(1,135,659)
20
Analysis of changes in net funds
1 June 2024
Cash flows
31 May 2025
£
£
£
Cash at bank and in hand
1,379,354
186,675
1,566,029
Borrowings excluding overdrafts
-
(457,708)
(457,708)
Lease liabilities
(8,299)
(68,019)
(76,318)
1,371,055
(339,052)
1,032,003
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