SleepyClub Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

SleepyClub Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14252404 . The registered office is Bartle House, 9 Oxford Court, Manchester, M2 3WQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods provided in the normal course of business, net of discounts, value added taxes and other applicable sales taxes.

Sale of goods

Turnover from the sale of goods to consumers is recognised at the point of sale, which is when the significant risks and rewards of ownership have been transferred.

2.4. Research and Development

All expenditure on research and development is written off in the period in which it is incurred.

2.5. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property is measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged to the income statement at the following rates in order to write off the assets over their estimated useful lives:

Trade marks: 10 year straight line

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to the income statement at the following rates in order to write off the cost of the assets, less their estimated residual value, over their estimated useful lives:

Plant & Machinery	33% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.7. Stocks and Work in Progress

Stocks are stated 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 stocks to their present location and condition. Cost is calculated using the weighted average formula. Provision is made for damaged stock where appropriate.

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SleepyClub Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.8. Financial Instruments

Basic financial instruments

Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.

Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:

Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.

All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.

Subsequent to initial recognition:

Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.

Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.

Cash and cash equivalents

Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.

Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the company has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.

2.9. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.11. Presentation Currency

The financial statements are presented in £ sterling, which is the functional currency of the company.

2.12. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors' report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

The average number of employees, including directors and other officers, during the year was: 2 (2024: 1)

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SleepyClub Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible assets

	Intellectual Property
	£
Cost
As at 1 August 2024	340
Additions	1,640

As at 31 July 2025	1,980

Amortisation
As at 1 August 2024	10
Provided during the period	149

As at 31 July 2025	159

Net Book Value
As at 31 July 2025	1,821

As at 1 August 2024	330

At the statement of financial position date, the net book value of each class of intangible assets was as follows:

Trade marks: £1,821

5. Tangible assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	83	106	1,798	1,987
Additions	199	294	337	830

As at 31 July 2025	282	400	2,135	2,817

Depreciation
As at 1 August 2024	57	46	688	791
Provided during the period	76	61	704	841

As at 31 July 2025	133	107	1,392	1,632

Net Book Value
As at 31 July 2025	149	293	743	1,185

As at 1 August 2024	26	60	1,110	1,196

6. Stocks

	2025	2024
	£	£
Finished goods	18,987	1,251

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SleepyClub Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,985	3,579
Prepayments and accrued income	9,676	7,047
Other debtors	-	2

	13,661	10,628

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Other loans	10,150	-
Corporation tax	1,126	-
VAT	230	1,486
Credit card account	10,539	-
Directors' loan accounts	19,326	14,296

	41,371	15,782

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

During the year, the company entered into the following transactions with related parties:

Owners holding a participating interest

During the year, the company received loans from Dr R Prempeh, a director and majority shareholder, totalling £4,045 (2024: £11,525). At the reporting date, the outstanding loan balance was £10,934 (2024: £14,296). The maximum balance outstanding during the year was £14,296 (2024: £14,296).

This amount is interest-free, unsecured and repayable on demand.

During the year, the company received loans from Miss F Rowsell, a director and minority shareholder, totalling £8,397 (2024: £0). At the reporting date, the outstanding loan balance was £8,392 (2024: £0). The maximum balance outstanding during the year was £8,392 (2024: £0).

This amount is interest-free, unsecured and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible assets	4		1,821		330
Tangible assets	5		1,185		1,196

			3,006		1,526
CURRENT ASSETS
Stocks	6	18,987		1,251
Debtors	7	13,661		10,628
Cash at bank and in hand		11,087		2,051

		43,735		13,930
Creditors: Amounts falling due within one year	8	(41,371 )		(15,782 )

NET CURRENT ASSETS (LIABILITIES)			2,364		(1,852 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,370		(326 )

NET ASSETS/(LIABILITIES)			5,370		(326 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Income Statement			5,369		(327 )

SHAREHOLDERS' FUNDS			5,370		(326)