Sleeping 8 hours a day is necessary for us especially at night. Any excess would not be good as well. Some say that if you sleep a lot more than what your body needed it will contribute to weight gain. This has been true for me. There was a time when I sleep a lot during daytime, I gained weight from 40 kilos- 46 kilos in just a week. Also, it causes headaches. Too much sleeping causes the body to be inactive and making your workout progress as nothing. It is advisable to sleep at night for 8 hours and be active during the day. With your diet and regular exercise (light exercises because you only eat once a day) I'm sure you'll achieve your goal in no time. Just be determined, dedicated and work hard. Go for it!