Company Registration No. 07742896 (England and Wales)
The Sleep School Limited
Unaudited accounts
for the year ended 31 March 2024
The Sleep School Limited
Unaudited accounts
Contents
The Sleep School Limited
Company Information
for the year ended 31 March 2024
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
1 Fore Street Avenue
London
EC2Y 9DT
The Sleep School Limited
Statement of financial position
as at 31 March 2024
Intangible assets
21,487
59,385
Cash at bank and in hand
13,638
145,039
Creditors: amounts falling due within one year
(136,120)
(203,168)
Net current (liabilities)/assets
(62,040)
22,676
Total assets less current liabilities
(40,325)
82,595
Creditors: amounts falling due after more than one year
(31,556)
(97,270)
Net liabilities
(71,881)
(14,675)
Called up share capital
100
100
Profit and loss account
(71,981)
(14,775)
Shareholders' funds
(71,881)
(14,675)
For the year ending 31 March 2024 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 20 June 2024 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 2024
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Sleep School Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
The Sleep School Limited
Notes to the Accounts
for the year ended 31 March 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
4
Intangible fixed assets
Other
Charge for the year
40,322
5
Tangible fixed assets
Computer equipment
The Sleep School Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
27,600
65,434
Accrued income and prepayments
32,842
15,371
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,461
9,761
Trade creditors
2,852
4,451
Taxes and social security
7,368
17,393
Loans from directors
(1,368)
7,443
Deferred income
76,388
152,338
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Accounts
(8,936)
8,812
-
(124)
Director's Loan Accounts
1,492
-
-
1,492
Directors' loans are interest-free and repayable on demand.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).
