Company Registration No. 07742896 (England and Wales)
The Sleep School Limited
Unaudited accounts
for the year ended 31 March 2022
The Sleep School Limited
Unaudited accounts
Contents
The Sleep School Limited
Company Information
for the year ended 31 March 2022
Directors
Adrian Baxter
Dr. Guy Meadows
Company Number
07742896 (England and Wales)
Registered Office
SOHO WORKS, 2, TELEVISION CENTRE
101 WOOD LANE
LONDON
W12 7FR
ENGLAND
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
The Sleep School Limited
Statement of financial position
as at 31 March 2022
Intangible assets
79,978
95,579
Cash at bank and in hand
143,890
177,931
Creditors: amounts falling due within one year
(235,620)
(61,985)
Net current assets
121,624
184,616
Total assets less current liabilities
201,913
280,527
Creditors: amounts falling due after more than one year
(107,029)
(50,000)
Called up share capital
100
100
Profit and loss account
94,784
230,427
Shareholders' funds
94,884
230,527
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2022 and were signed on its behalf by
Adrian Baxter
Director
Company Registration No. 07742896
The Sleep School Limited
Notes to the Accounts
for the year ended 31 March 2022
The Sleep School Limited is a private company, limited by shares, registered in England and Wales, registration number 07742896. The registered office is SOHO WORKS, 2, TELEVISION CENTRE, 101 WOOD LANE, LONDON, W12 7FR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
2 years useful life
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation has been charged over three years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The Sleep School Limited
Notes to the Accounts
for the year ended 31 March 2022
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Other
Charge for the year
31,192
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
209,565
56,951
Accrued income and prepayments
3,056
10,986
The Sleep School Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
32,643
-
Trade creditors
8,188
12,875
Taxes and social security
(640)
26,805
Loans from directors
(12,530)
-
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
