Registration number: 09412994

The Cornish Bed Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

The Cornish Bed Company Limited

Company Information

Directors

MWH Tremlett G Smith PRG Tindall

Registered office

11 Yeo Business Park Axehayes Farm Clyst St. Mary Exeter Devon EX5 1DP

Accountants

M J Smith & Co Ltd Chartered Accountants 11 Yeo Business Park Axehayes Farm Clyst St. Mary Exeter Devon EX5 1DP

The Cornish Bed Company Limited

(Registration number: 09412994)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
fixed assets
tangible assets	7	17,959	13,330
Current assets
stocks	8	117,258	97,937
Debtors	9	28,011	12,855
Cash at bank and in hand		413,058	356,493
		558,327	467,285
Creditors: Amounts falling due within one year	10	(187,671)	(184,670)
Net current assets		370,656	282,615
Total assets less current liabilities		388,615	295,945
Creditors: Amounts falling due after more than one year	10	(95,840)	(68,765)
Net assets		292,775	227,180
capital and reserves
Called up share capital		400	400
Profit and loss account		292,375	226,780
Total equity		292,775	227,180

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2026 and signed on its behalf by:
 

......................................... PRG Tindall Director

The Cornish Bed Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Yeo Business Park
Axehayes Farm
Clyst St. Mary
Exeter
Devon
EX5 1DP
England

These financial statements were authorised for issue by the Board on 29 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
 

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The Cornish Bed Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	20% reducing balance basis
Fixtures and fittings	20% reducing balance basis
Motor vehicles	25% reducing balance basis
Computer equipment and website	25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The Cornish Bed Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 10).

4	Profit before tax

Arrived at after charging/(crediting)

The Cornish Bed Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

	2026 £	2025 £
Depreciation expense	5,021	4,042

5	Taxation on profits on ordinary activities

	Note	2026 £	2025  £
Tax reconciliation
UK corporation tax		38,655	49,071

The Cornish Bed Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2025	1	1
At 31 January 2026	1	1
Amortisation
At 1 February 2025	1	1
At 31 January 2026	1	1
Carrying amount
At 31 January 2026	-	-

7	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment £	Total £
Cost or valuation
At 1 February 2025	8,342	29,885	32,777	71,004
Additions	-	-	9,650	9,650
At 31 January 2026	8,342	29,885	42,427	80,654
Depreciation
At 1 February 2025	6,898	22,793	27,983	57,674
Charge for the year	359	1,773	2,889	5,021
At 31 January 2026	7,257	24,566	30,872	62,695
Carrying amount
At 31 January 2026	1,085	5,319	11,555	17,959
At 31 January 2025	1,444	7,092	4,794	13,330

8

Stocks

	2026 £	2025 £
Other inventories	117,258	97,937

The Cornish Bed Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9

Debtors

Current	2026 £	2025 £
Trade debtors	20,033	5,059
Prepayments	7,580	7,398
Other debtors	398	398
	28,011	12,855

10

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
trade creditors	116,543	93,304
Taxation and social security	26,693	37,209
Accruals and deferred income	2,862	2,792
Other creditors	38,655	49,071
Director's current account	2,918	2,294
	187,671	184,670

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Other financial liabilities	95,840	68,765