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REGISTERED NUMBER: 06275679 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Ice Quest (Malvern) Limited

Ice Quest (Malvern) Limited (Registered number: 06275679)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ice Quest (Malvern) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs S J Hennessey
Mr J M Hennessy





SECRETARY: Mr E J Hennessy





REGISTERED OFFICE: Spring Lane North
Malvern
Worcestershire
WR14 1BU





REGISTERED NUMBER: 06275679 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ice Quest (Malvern) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ice Quest (Malvern) Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ice Quest (Malvern) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ice Quest (Malvern) Limited and state those matters that we have agreed to state to the Board of Directors of Ice Quest (Malvern) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ice Quest (Malvern) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ice Quest (Malvern) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ice Quest (Malvern) Limited. You consider that Ice Quest (Malvern) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ice Quest (Malvern) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB


8 April 2024

Ice Quest (Malvern) Limited (Registered number: 06275679)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 142,554 85,389

CURRENT ASSETS
Stocks 258 367
Debtors 5 22,007 21,750
Prepayments and accrued income 1,913 4,990
Cash at bank and in hand 115,360 96,107
139,538 123,214
CREDITORS
Amounts falling due within one year 6 (129,155 ) (113,815 )
NET CURRENT ASSETS 10,383 9,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,937

94,788

CREDITORS
Amounts falling due after more than one
year

7

(34,639

)

(57,341

)

PROVISIONS FOR LIABILITIES (22,821 ) (12,533 )
NET ASSETS 95,477 24,914

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 95,475 24,912
SHAREHOLDERS' FUNDS 95,477 24,914

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.

Ice Quest (Malvern) Limited (Registered number: 06275679)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:




Mr J M Hennessy - Director



Mrs S J Hennessey - Director


Ice Quest (Malvern) Limited (Registered number: 06275679)

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

1. STATUTORY INFORMATION

Ice Quest (Malvern) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 10% 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ice Quest (Malvern) Limited (Registered number: 06275679)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 15,290 207,188 13,600 236,078
Additions - 76,920 5,300 82,220
Disposals - - (13,600 ) (13,600 )
At 31 July 2023 15,290 284,108 5,300 304,698
DEPRECIATION
At 1 August 2022 15,290 135,399 - 150,689
Charge for year - 10,130 1,325 11,455
At 31 July 2023 15,290 145,529 1,325 162,144
NET BOOK VALUE
At 31 July 2023 - 138,579 3,975 142,554
At 31 July 2022 - 71,789 13,600 85,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 22,007 21,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 18,894 17,000
Trade creditors 46,017 47,327
Tax 15,544 7,154
Social security and other taxes 1,217 1,281
VAT 4,680 3,469
Other creditors - 656
Directors' current accounts 34,730 17,243
Accrued expenses 8,073 19,685
129,155 113,815

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 34,639 57,341

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S J Hennessey.