ASHERS ICE CREAM LIMITED

Company Registration Number:
SC351857 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

ASHERS ICE CREAM LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ASHERS ICE CREAM LIMITED

Company Information

for the Period Ended 31 December 2022




Director: Gary Horne
Registered office: 156
Drip Road
Stirling
Stirlingshire
FK8 1RR
Company Registration Number: SC351857 (Scotland)

ASHERS ICE CREAM LIMITED

Directors' Report Period Ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the whole of the period from 01 January 2022 to 31 December 2022
Gary Horne

This report was approved by the board of directors on 30 September 2023
And Signed On Behalf Of The Board By:

Name: Gary Horne
Status: Director

ASHERS ICE CREAM LIMITED

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Intangible assets: 4 135,000 157,500
Tangible assets: 5 1,051,740 407,055
Total fixed assets: 1,186,740 564,555
Current assets
Stocks: 7,280 6,370
Debtors: 6 0 0
Cash at bank and in hand: 68,255 100,877
Total current assets: 75,535 107,247
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 203,647 ) ( 98,081 )
Net current assets (liabilities): ( 128,112 ) 9,166
Total assets less current liabilities: 1,058,628 573,721
Total net assets (liabilities): 1,058,628 573,721

The notes form part of these financial statements

ASHERS ICE CREAM LIMITED

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,058,528 573,621
Shareholders funds: 1,058,628 573,721

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 September 2023
And Signed On Behalf Of The Board By:

Name: Gary Horne
Status: Director

The notes form part of these financial statements

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods rendered, stated net of discounts and of Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
    Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
    Plant and machinery 25% on Reducing balance
    Fixtures and fittings 25% on Reducing balance
    Motor vehicles 25% on Reducing balance
    The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

    Intangible fixed assets amortisation policy

    Goodwill, being the amount paid in connection with the acquisition of the business in 2019, is being amortised evenly over its estimated useful life of ten years.

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 7 7

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Intangible assets

Goodwill Total
Cost £ £
At 01 January 2022 157,500 157,500
Additions - -
Disposals - -
Revaluations ( 22,500 ) ( 22,500 )
Transfers - -
At 31 December 2022 135,000 135,000
Amortisation
Amortisation at 01 January 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 December 2022 - -
Net book value
Net book value at 31 December 2022 135,000 135,000
Net book value at 31 December 2021 157,500 157,500

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Motor vehicles Total
Cost £ £ £ £ £
At 01 January 2022 60,000 30,749 5,754 501,070 597,573
Additions 135,000 17,497 - 585,587 738,084
Disposals - - - ( 45,500 ) ( 45,500 )
Revaluations - - - - -
Transfers - - - - -
At 31 December 2022 195,000 48,246 5,754 1,041,157 1,290,157
Depreciation
At 01 January 2022 - 10,472 3,333 176,713 190,518
Charge for year - 5,069 605 81,089 86,763
On disposals - - - ( 38,864 ) ( 38,864 )
Other adjustments - - - - -
At 31 December 2022 - 15,541 3,938 218,938 238,417
Net book value
At 31 December 2022 195,000 32,705 1,816 822,219 1,051,740
At 31 December 2021 60,000 20,277 2,421 324,357 407,055

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Debtors


2022
£

2021
£
Trade debtors 0 0
Total 0 0

ASHERS ICE CREAM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7.Creditors: amounts falling due within one year note


2022
£

2021
£
Bank loans and overdrafts 8,800 7,344
Amounts due under finance leases and hire purchase contracts 173,743 86,999
Taxation and social security 21,104 3,738
Total 203,647 98,081