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Registration number: 05943118

The Ice Cream Bar Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 December 2023

 

The Ice Cream Bar Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 6

 

The Ice Cream Bar Limited

Company Information

Director

Mrs E M Cole

Company secretary

Ms J Cole

Registered office

1A Silver Street
Llanfaes
Brecon
Powys
LD3 8BL
 

Bankers

Santander UK plc
PO Box 382
Prescot Street
London
 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

The Ice Cream Bar Limited

(Registration number: 05943118)

Balance Sheet
as at 31 December 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

4

45,943

45,943

Current assets

 

Debtors

22,820

-

Cash at bank and in hand

 

2,600

10,760

 

25,420

10,760

Creditors: Amounts falling due within one year

5

(4,894)

(2,593)

Net current assets

 

20,526

8,167

Net assets

 

66,469

54,110

Capital and Reserves

 

Called up share capital

100

100

Profit and loss account

66,369

54,010

Total equity

 

66,469

54,110

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

The Ice Cream Bar Limited

(Registration number: 05943118)

Balance Sheet
as at 31 December 2023

Approved and authorised by the director on 10 September 2024
 

.........................................

Mrs E M Cole

Director

 

The Ice Cream Bar Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1A Silver Street
Llanfaes
Brecon
Powys
LD3 8BL

These financial statements were authorised for issue by the director on 10 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Ice Cream Bar Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

The Ice Cream Bar Limited

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

4

Tangible Assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

45,943

45,943

At 31 December 2023

45,943

45,943

Depreciation

Carrying amount

At 31 December 2023

45,943

45,943

At 31 December 2022

45,943

45,943

Included within the net book value of land and buildings above is £45,943 (2022 - £45,943) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,056

990

Other creditors

3,838

1,603

4,894

2,593