SWEET DREAMS (NELSON) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KM

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors do not consider there to be any material uncertainties relating to going concern. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Significant events

• “The company has had a difficult trading year with a reduction in turnover of 16.5% from £10.16m to £8.48m, with customer confidence a key factor.”
• “An operating loss of £1,130,251 plus an extraordinary expense of £117,149 is presented in the profit and loss account, giving a net loss of £1,247,400.”
• “The directors have introduced £370k into the business to support its cash flow, this to be repaid only when trading conditions have improved substantially.”
• “The trustees of the Riaz Ahmed Pension Scheme, which owns the properties used by the business, has agreed to waive rents again for the next financial year.”
• “The company has also consolidated its operations to one site, which has had no impact on production but has led to additional savings in insurance and utilities.”
• “From a business perspective, a new model range has been developed alongside overall rebranding, and the activation of a significant number of dormant business to business accounts where discounts for floor placements have been set up.”
• “Following the year end, a review of staffing was conducted, with a reduction in staff numbers occuring through a redundancy programme.”
• “Production and office hours have also reduced, with production only 3-4 days a week depending on orders and the office only working 4 days a week.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -16.5%

  £10,162,249 → £8,483,362

• Cash

  -45.2%

  £251,223 → £137,699

• Net assets

  -173.2%

  £720,332 → -£527,068

• Employees

  -9.7%

  154 → 139

• Operating profit

  -21.2%

  -£953,258 → -£1,154,934

• Profit before tax

  -17.2%

  -£1,064,095 → -£1,247,400

• Wages

  -5.4%

  £3,530,232 → £3,339,467

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers