1 31/08/2023 2023-08-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-09-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10336873 2022-09-01 2023-08-31 10336873 2023-08-31 10336873 2022-08-31 10336873 2021-09-01 2022-08-31 10336873 2022-08-31 10336873 bus:Director1 2022-09-01 2023-08-31 10336873 core:PlantMachinery 2022-08-31 10336873 core:MotorVehicles 2022-08-31 10336873 core:PlantMachinery 2023-08-31 10336873 core:MotorVehicles 2023-08-31 10336873 core:WithinOneYear 2023-08-31 10336873 core:WithinOneYear 2022-08-31 10336873 core:ShareCapital 2023-08-31 10336873 core:ShareCapital 2022-08-31 10336873 core:RetainedEarningsAccumulatedLosses 2023-08-31 10336873 core:RetainedEarningsAccumulatedLosses 2022-08-31 10336873 core:PlantMachinery 2022-09-01 2023-08-31 10336873 core:MotorVehicles 2022-09-01 2023-08-31 10336873 core:PlantMachinery 2022-08-31 10336873 core:MotorVehicles 2022-08-31 10336873 bus:SmallEntities 2022-09-01 2023-08-31 10336873 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10336873 bus:FullAccounts 2022-09-01 2023-08-31 10336873 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10336873 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10336873 1 2022-09-01 2023-08-31 10336873 2 2022-09-01 2023-08-31
Company registration number: 10336873
FOUR SEASONS ICE CREAM SUPPLIES LIMITED
Trading as Four Seasons Ice Cream Supplies Limited
Unaudited filleted financial statements
31 August 2023
FOUR SEASONS ICE CREAM SUPPLIES LIMITED
Contents
Statement of financial position
Notes to the financial statements
FOUR SEASONS ICE CREAM SUPPLIES LIMITED
Statement of financial position
31 August 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 15,444 19,170
_______ _______
15,444 19,170
Current assets
Stocks 13,290 14,120
Debtors 14,285 20,125
Cash at bank and in hand 16,725 18,799
_______ _______
44,300 53,044
Creditors: amounts falling due
within one year ( 28,396) ( 44,502)
_______ _______
Net current assets 15,904 8,542
_______ _______
Total assets less current liabilities 31,348 27,712
Provisions for liabilities ( 2,935) ( 3,643)
_______ _______
Net assets 28,413 24,069
_______ _______
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 26,413 22,069
_______ _______
Shareholders funds 28,413 24,069
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 December 2023 , and are signed on behalf of the board by:
Pritam Kaur
Director
Company registration number: 10336873
FOUR SEASONS ICE CREAM SUPPLIES LIMITED
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Four Seasons Ice Cream Supplies Limited, 14 Dudley Road East, Tividale, Oldbury, West Midlands, B69 3HJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 September 2022 20,220 17,994 38,214
Additions 504 - 504
_______ _______ _______
At 31 August 2023 20,724 17,994 38,718
_______ _______ _______
Depreciation
At 1 September 2022 10,348 8,696 19,044
Charge for the year 2,431 1,799 4,230
_______ _______ _______
At 31 August 2023 12,779 10,495 23,274
_______ _______ _______
Carrying amount
At 31 August 2023 7,945 7,499 15,444
_______ _______ _______
At 31 August 2022 9,872 9,298 19,170
_______ _______ _______
6. Controlling party
The company is under the control of Pritam Kaur , the director of the company.