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REGISTERED NUMBER: 09332164 (England and Wales)















Financial Statements for the Year Ended 27 November 2023

for

Icestone Supplies Limited

Icestone Supplies Limited (Registered number: 09332164)






Contents of the Financial Statements
for the Year Ended 27 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icestone Supplies Limited

Company Information
for the Year Ended 27 November 2023







DIRECTOR: Mr Mahboob Hussain





REGISTERED OFFICE: C/O
Abraham Chartered Certified Accountants
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG





REGISTERED NUMBER: 09332164 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Icestone Supplies Limited (Registered number: 09332164)

Balance Sheet
27 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 626,193 729,626

CURRENT ASSETS
Stocks 95,500 110,000
Debtors 5 1,461,477 1,410,375
Cash at bank and in hand 60,479 200,689
1,617,456 1,721,064
CREDITORS
Amounts falling due within one year 6 (885,793 ) (940,232 )
NET CURRENT ASSETS 731,663 780,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,856

1,510,458

CREDITORS
Amounts falling due after more than
one year

7

(138,559

)

(225,000

)

PROVISIONS FOR LIABILITIES 8 (60,168 ) (138,552 )
NET ASSETS 1,159,129 1,146,906

Icestone Supplies Limited (Registered number: 09332164)

Balance Sheet - continued
27 November 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,159,029 1,146,806
SHAREHOLDERS' FUNDS 1,159,129 1,146,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 August 2024 and were signed by:





Mr Mahboob Hussain - Director


Icestone Supplies Limited (Registered number: 09332164)

Notes to the Financial Statements
for the Year Ended 27 November 2023

1. STATUTORY INFORMATION

Icestone Supplies 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 10% 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 balance sheet date.


Icestone Supplies Limited (Registered number: 09332164)

Notes to the Financial Statements - continued
for the Year Ended 27 November 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 28 November 2022 164,756 861,029 90,353 1,116,138
Additions 38,458 6,831 - 45,289
Disposals - (100,225 ) - (100,225 )
At 27 November 2023 203,214 767,635 90,353 1,061,202
DEPRECIATION
At 28 November 2022 73,770 276,126 36,616 386,512
Charge for year 32,361 14,793 1,343 48,497
At 27 November 2023 106,131 290,919 37,959 435,009
NET BOOK VALUE
At 27 November 2023 97,083 476,716 52,394 626,193
At 27 November 2022 90,986 584,903 53,737 729,626

Icestone Supplies Limited (Registered number: 09332164)

Notes to the Financial Statements - continued
for the Year Ended 27 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 215,668 160,256
Other debtors 1,245,809 1,250,119
1,461,477 1,410,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 37,780 39,629
Taxation and social security 94,803 73,476
Other creditors 753,210 827,127
885,793 940,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Other creditors 138,559 225,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 60,168 138,552

Deferred
tax
£   
Balance at 28 November 2022 138,552
Credit to Income Statement during year (78,384 )
Balance at 27 November 2023 60,168

Icestone Supplies Limited (Registered number: 09332164)

Notes to the Financial Statements - continued
for the Year Ended 27 November 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 27 November 2023 and the period ended 27 November 2022:

2023 2022
£    £   
Mr Mahboob Hussain
Balance outstanding at start of year 590,754 590,754
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 590,754 590,754