Brickells Icecream Ltd Filleted Accounts Cover
Brickells Icecream Ltd
Company No. 11376970
Information for Filing with The Registrar
31 May 2023
Brickells Icecream Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 May 2023.
Principal activities
The principal activity of the company during the year under review was making and distribution of quality ice cream. Sales have improved significantly and since the year end the growth in buisness and new outlets has continued.
Director
The Director who served at any time during the year was as follows:
R.W. Gore
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R.W. Gore
Director
15 February 2024
Brickells Icecream Ltd Balance Sheet Registrar
at
31 May 2023
Company No.
11376970
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
49,29039,207
49,29039,207
Current assets
Stocks
5
6,320-
Debtors
6
19,6287,076
Cash at bank and in hand
450350
26,3987,426
Creditors: Amount falling due within one year
7
(24,552)
(22,606)
Net current assets/(liabilities)
1,846
(15,180)
Total assets less current liabilities
51,13624,027
Creditors: Amounts falling due after more than one year
8
(122,672)
(85,758)
Net liabilities
(71,536)
(61,731)
Capital and reserves
Called up share capital
100100
Profit and loss account
11
(71,636)
(61,831)
Total equity
(71,536)
(61,731)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 February 2024 and signed on its behalf by:
R.W. Gore
Director
15 February 2024
Brickells Icecream Ltd Notes to the Accounts Registrar
for the year ended 31 May 2023
1
General information
Brickells Icecream Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11376970
Its registered office is:
Lower Farm
Westcombe
Shepton Mallet
BA4 6ER
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
Notwithstanding the company's net liabilities, the accounts have been prepared on a going concern basis as the lenders providing the other loans due in over one year, including the director, have agreed to provide long term financial support and will not seek early repayment of their loans.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed to the customer.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
10% straight line
Motor vehicles
15% straight line
Furniture, fittings and equipment
20% straight line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 June 2022
38,60517,38562756,617
Additions
-16,495-16,495
At 31 May 2023
38,60533,88062773,112
Depreciation
At 1 June 2022
11,8685,542-17,410
Charge for the year
3,6802,6071256,412
At 31 May 2023
15,5488,14912523,822
Net book values
At 31 May 2023
23,05725,73150249,290
At 31 May 2022
26,737
11,843
627
39,207
5
Stocks
2023
2022
£
£
Raw materials and consumables
6,320-
6,320-
6
Debtors
2023
2022
£
£
Trade debtors
19,6287,076
19,6287,076
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
11,19222,606
Other loans
7,434-
Obligations under finance lease and hire purchase contracts
3,506-
Taxes and social security
2,420
-
24,55222,606
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,4187,236
Other loans
90,16578,522
Obligations under finance lease and hire purchase contracts
14,089-
122,67285,758
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
52,000
52,000
52,00052,000
The loans are unsecured
9
Creditors: secured liabilities
2023
2022
£
£
The aggregate amount of secured liabilities included within creditors
7,433-
The other loans due within one year are secured on the company's trade debtors.
10
Share Capital
Share cpaital comprises ordinary shares of £1 each called up and fully paid.
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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