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REGISTERED NUMBER: 03842190 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Aroma IceCream Limited

Aroma IceCream Limited (Registered number: 03842190)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aroma IceCream Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: K Muhib
K A Momin
Mrs A Khatun





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 03842190 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Aroma IceCream Limited (Registered number: 03842190)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,000 18,000
Tangible assets 5 265,139 273,840
282,139 291,840

CURRENT ASSETS
Stocks 426,966 365,971
Debtors 6 122,180 103,633
Cash at bank and in hand 161,632 136,272
710,778 605,876
CREDITORS
Amounts falling due within one year 7 580,136 478,454
NET CURRENT ASSETS 130,642 127,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,781

419,262

CREDITORS
Amounts falling due after more than one
year

8

101,220

172,536
NET ASSETS 311,561 246,726

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 311,459 246,624
SHAREHOLDERS' FUNDS 311,561 246,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Aroma IceCream Limited (Registered number: 03842190)

Statement of Financial Position - continued
31 July 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





K Muhib - Director


Aroma IceCream Limited (Registered number: 03842190)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Aroma IceCream 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in December 2020, being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Aroma IceCream Limited (Registered number: 03842190)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 51,038
AMORTISATION
At 1 August 2022 33,038
Amortisation for year 1,000
At 31 July 2023 34,038
NET BOOK VALUE
At 31 July 2023 17,000
At 31 July 2022 18,000

Aroma IceCream Limited (Registered number: 03842190)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 440,711 36,766 236,912 714,389
Additions 27,800 - 58,360 86,160
Disposals - - (60,718 ) (60,718 )
At 31 July 2023 468,511 36,766 234,554 739,831
DEPRECIATION
At 1 August 2022 308,044 36,373 96,132 440,549
Charge for year 16,047 98 40,141 56,286
Eliminated on disposal - - (22,143 ) (22,143 )
At 31 July 2023 324,091 36,471 114,130 474,692
NET BOOK VALUE
At 31 July 2023 144,420 295 120,424 265,139
At 31 July 2022 132,667 393 140,780 273,840

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 10,000 97,571 107,571
DEPRECIATION
At 1 August 2022 5,079 65,868 70,947
Charge for year 492 7,926 8,418
At 31 July 2023 5,571 73,794 79,365
NET BOOK VALUE
At 31 July 2023 4,429 23,777 28,206
At 31 July 2022 4,921 31,703 36,624

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 122,180 103,633

Aroma IceCream Limited (Registered number: 03842190)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 70,392 66,127
Hire purchase contracts 924 4,203
Trade creditors 238,058 106,639
Taxation and social security 34,915 51,188
Other creditors 235,847 250,297
580,136 478,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 101,220 171,612
Hire purchase contracts - 924
101,220 172,536