REGISTERED NUMBER: 09217385 (England and Wales)

Sussex Bed Centre (Portslade) Limited

Unaudited Financial Statements

for the Period 1 November 2023 to 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Pickering

Mr M R Pickering

Mr J P Rayment

Mrs S H G Skinner

REGISTERED OFFICE:

King Offa Way

Bexhill

East Sussex

TN40 2UA

REGISTERED NUMBER:

09217385 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

7,816

9,248

CURRENT ASSETS

Debtors

5

476,931

338,356

Cash at bank and in hand

4,741

16,930

481,672

355,286

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

305,066

181,592

NET CURRENT ASSETS

176,606

173,694

TOTAL ASSETS LESS CURRENT LIABILITIES

184,422

182,942

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(84,812

)

(138,090

)

PROVISIONS FOR LIABILITIES

(1,692

)

(1,788

)

NET ASSETS

97,918

43,064

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

97,917

43,063

SHAREHOLDERS' FUNDS

97,918

43,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

Mr S J Pickering - Director

Mr J P Rayment - Director

1.	STATUTORY INFORMATION

Sussex Bed Centre (Portslade) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the term of the lease

Fixtures and fittings

-

over the term of the lease

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 November 2023

and 30 April 2025

6,991

7,915

14,906

DEPRECIATION

At 1 November 2023

4,893

765

5,658

Charge for period

1,049

383

1,432

At 30 April 2025

5,942

1,148

7,090

NET BOOK VALUE

At 30 April 2025

1,049

6,767

7,816

At 31 October 2023

2,098

7,150

9,248

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

6,684

-

Amounts owed by group undertakings

441,024

314,583

Other debtors

29,223

23,773

476,931

338,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

4,884

4,884

Trade creditors

107,650

22,302

Amounts owed to group undertakings

68,651

62,876

Taxation and social security

12,519

10,019

Other creditors

111,362

81,511

305,066

181,592

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans

23,110

27,777

Other creditors

61,702

110,313

84,812

138,090

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

3,574

8,241

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

£

1

Ordinary

£1

1

1

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £149,919 (2023 - £232,185).

Since the year end the directors have signed a new lease which they have provided personal guarantees against.

10.	ULTIMATE PARENT COMPANY

The company's parent company is Sussex Bed Centre (Holdings) Limited, whose registered office is King Offa Way, Bexhill, East Sussex, TN40 2UA.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	CHANGE OF REPORTING PERIOD

The company extended its year end from 31 October 2024 to the period ended 30 April 2025. Due to this change amounts presented in these financial statements are not entirely comparable to the prior period. This change is so that the period end date is inline with the parent company.