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

COMPANY REGISTRATION NUMBER: 14958489

Sleep Champions Limited

Filleted Unaudited Financial Statements

30 June 2025

Sleep Champions Limited

Financial Statements

Year ended 30 June 2025

Contents	Page

Officers and professional advisers	1

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

Statement of financial position	3

Notes to the financial statements	5

Sleep Champions Limited

Officers and Professional Advisers

Director	P Lake

Registered office	Sleep Champions Ltd
	7 Bell Yard
	London
	WC2A 2JR

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

Sleep Champions Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Sleep Champions Limited

Year ended 30 June 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2025, 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

Sleep Champions Limited

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	27,410	9,862

Current assets

Stocks		277,557	209,074
Debtors	6	240,887	82,912
Cash at bank and in hand		32,655	28,980
		---------	---------
		551,099	320,966

Creditors: amounts falling due within one year	7	450,284	181,603
		---------	---------
Net current assets		100,815	139,363
		---------	---------
Total assets less current liabilities		128,225	149,225

Creditors: amounts falling due after more than one year	8	136,912	186,598
		---------	---------
Net liabilities		( 8,687)	( 37,373)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 8,787)	( 37,473)
	-------	--------
Shareholders deficit	( 8,687)	( 37,373)
	-------	--------

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 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sleep Champions Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 3 June 2026 , and are signed on behalf of the board by:

P Lake
Director

Company registration number: 14958489

Sleep Champions Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sleep Champions Ltd, 7 Bell Yard, London, WC2A 2JR.

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, 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:

Display equipment	-	33% straight line
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. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 1 ).

5. Tangible assets

	Display Equipment	Computer Equipment	Total
	£	£	£
Cost
At 1 July 2024	8,132	2,275	10,407
Additions	24,871	–	24,871
	--------	-------	--------
At 30 June 2025	33,003	2,275	35,278
	--------	-------	--------
Depreciation
At 1 July 2024	372	173	545
Charge for the year	6,868	455	7,323
	--------	-------	--------
At 30 June 2025	7,240	628	7,868
	--------	-------	--------
Carrying amount
At 30 June 2025	25,763	1,647	27,410
	--------	-------	--------
At 30 June 2024	7,760	2,102	9,862
	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	158,761	77,121
Amounts owed by group undertakings and undertakings in which the company has a participating interest	48,435	–
Other debtors	33,691	5,791
	---------	--------
	240,887	82,912
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	131,852	68,664
Amounts owed to group undertakings and undertakings in which the company has a participating interest	14,040	19,306
Social security and other taxes	28,298	15,284
Other creditors	276,094	78,349
	---------	---------
	450,284	181,603
	---------	---------

The company has provided security by way of a fixed and floating charge over all the property and assets of the company to Lloyds Bank Commercial Finance Limited .

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

	2025	2024
	£	£
Other creditors	136,912	186,598
	---------	---------

9. Controlling party

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