SLEEPYDOG_LIMITED - Accounts

SLEEPYDOG LIMITED - Company Information

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Company Registration No. 03921649 (England and Wales)

SLEEPYDOG LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

SLEEPYDOG LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SLEEPYDOG LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

as restated

Notes

Fixed assets

Tangible assets

20,779

27,905

Current assets

Stocks

288,798

54,932

Debtors

315,886

542,768

Cash at bank and in hand

29,373

64,962

634,057

662,662

Creditors: amounts falling due within one year

(61,157)

(23,195)

Net current assets

572,900

639,467

Total assets less current liabilities

593,679

667,372

Creditors: amounts falling due after more than one year

(4,521,173)

(4,195,781)

(3,927,494)

(3,528,409)

Capital and reserves

Called up share capital

Profit and loss account

(3,927,495)

(3,528,410)

Shareholders' funds

(3,927,494)

(3,528,409)

For the financial year ended 30 September 2014 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 June 2015

Mr T N Moores

Director

Company Registration No. 03921649

SLEEPYDOG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services provided in the period net of VAT and trade discounts. Turnover also includes royalty income earned in the period.

1.4

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the director is satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance method

1.6

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

1.8

Going concern

During the year the company made a loss of £399,083 (2013: £14,222) and had net liabilities of £3,927,494 (2013: £3,528,409). This includes a director's loan of £4,521,173 (2013: £4,195,781), which is due after more than one year. The director confirms that the company is a going concern and will continue to trade as such for the foreseeable future with the continued financial support of the director.

SLEEPYDOG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2013

88,066

Additions

763

Disposals

(4,082)

At 30 September 2014

84,747

Depreciation

At 1 October 2013

60,163

On disposals

(3,122)

Charge for the year

6,927

At 30 September 2014

63,968

Net book value

At 30 September 2014

20,779

At 30 September 2013

27,905

Creditors: amounts falling due after more than one year

2014

2013

Loan from the director

4,521,173

4,195,781

The loan from the director is interest free and has no fixed date for repayment.

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary shares of £1 each

Control

The company is controlled by the director by virtue of his 100% shareholding.