That has been well done and I like the nice bright colours.
Here's a similar mod that was done to ours. The seat cushion has been cut into three pieces and the table can be placed back into the space between the two seats to make a single bed. The backrest used to hang from the woodwork that's under the window but is stored in the garage for the next owners. At the other end we made a permanent bed.
Originally the seat cushion was one piece and there was a board in the groove between the seats, Also there was a door on the front and this was a space provided to keep a small porta poti.