Sleeptight Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09573264 (England and Wales)

Sleeptight Limited

Abridged Financial Statements for the Year Ended 31st January 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

P P Dunne

Registered office:

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Registered number:

09573264 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Fixed assets

Tangible assets

3

541,887

541,887

Investments

4

2,221,954

2,098,743

2,763,841

2,640,630

Current assets

Debtors

653,989

24,909

Cash at bank and in hand

100

1,182,681

654,089

1,207,590

Creditors

Amounts falling due within one year

972,556

1,580,738

Net current liabilities

(318,467

)

(373,148

)

Total assets less current liabilities

2,445,374

2,267,482

Provisions for liabilities

-

70,600

Net assets

2,445,374

2,196,882

Capital and reserves

Called up share capital

5

100

100

Retained earnings

6

2,445,274

2,196,782

Shareholders' funds

2,445,374

2,196,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30th September 2019 and were signed by:

P P Dunne - Director

1.	Statutory information

Sleeptight Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the

Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Sleeptight Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The

company is exempt under Section 399(2A) of the Companies Act 2006 from the

requirements to prepare consolidated financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

straight line over the term of the lease

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	Tangible fixed assets

Totals

£

Cost

At 1st February 2018

and 31st January 2019

541,887

Net book value

At 31st January 2019

541,887

At 31st January 2018

541,887

4.	Fixed asset investments

Information on investments other than loans is as follows:

Totals

£

Cost or valuation

At 1st February 2018

2,098,743

Additions

411,620

Revaluations

(288,409

)

At 31st January 2019

2,221,954

Net book value

At 31st January 2019

2,221,954

At 31st January 2018

2,098,743

Cost or valuation at 31st January 2019 is represented by:

Totals

£

Valuation in 2018

2,098,743

Valuation in 2019

123,211

2,221,954

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/19

31/1/18

value:

£

£

100

Ordinary

1

100

100

6.

Reserves

Retained

earnings

£

At 1st February 2018

2,196,782

Profit for the year

248,492

At 31st January 2019

2,445,274

7.	Controlling party

The controlling party is P P Dunne.