Company registration number 07481775 (England and Wales)
Iceline Yorkshire Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Iceline Yorkshire Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Iceline Yorkshire Limited
Statement of Financial Position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
217,358
231,907
Current assets
Stocks
315,041
294,407
Debtors
302,691
523,373
Cash at bank and in hand
743,827
91,218
1,361,559
908,998
Creditors: amounts falling due within one year
(570,680)
(380,354)
Net current assets
790,879
528,644
Total assets less current liabilities
1,008,237
760,551
Creditors: amounts falling due after more than one year
(26,844)
(33,076)
Provisions for liabilities
(42,685)
(34,541)
Net assets
938,708
692,934
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
938,608
692,834
Total equity
938,708
692,934
Iceline Yorkshire Limited
Statement of Financial Position (continued)
as at 30 April 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
P Liddle
Director
Company Registration No. 07481775
Iceline Yorkshire Limited
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Turnover is recognised on provision of contractual service obligations where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% reducing balance
Motor vehicles
20% reducing balance
Stocks

Stock and work in progress are recorded at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Iceline Yorkshire Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
1
Accounting policies
(continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 22 (2023 - 26).

2024
2023
Number
Number
22
26
Iceline Yorkshire Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 5 -
3
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023
83,923
241,669
325,592
Additions
-
0
56,480
56,480
Disposals
-
0
(54,006)
(54,006)
At 30 April 2024
83,923
244,143
328,066
Depreciation and impairment
At 1 May 2023
32,265
61,420
93,685
Depreciation charged in the year
5,166
36,134
41,300
Eliminated in respect of disposals
-
0
(24,277)
(24,277)
At 30 April 2024
37,431
73,277
110,708
Carrying amount
At 30 April 2024
46,492
170,866
217,358
At 30 April 2023
51,658
180,249
231,907

Included within the net book value of £217,358 is £43,743 (2023 - £63,844) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £9,590 (2023 - £14,465).

4
Company information

Iceline Yorkshire Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lowgate Crossing Farm, Lowgate, Balne, Goole, DN14 0ED.

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