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REGISTERED NUMBER: 08738171 (England and Wales)















MEDWAY ICE CREAM SUPPLIES LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2023






MEDWAY ICE CREAM SUPPLIES LTD. (REGISTERED NUMBER: 08738171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDWAY ICE CREAM SUPPLIES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2023







DIRECTORS: Mrs S Cordrey
Mr R Cordrey





REGISTERED OFFICE: 631 Maidstone Rd
Rochester
Kent
ME1 3QJ





REGISTERED NUMBER: 08738171 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

MEDWAY ICE CREAM SUPPLIES LTD. (REGISTERED NUMBER: 08738171)

BALANCE SHEET
29 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 655 296

CURRENT ASSETS
Stocks 5 30,000 30,000
Debtors 6 17,167 9,815
Cash at bank 150,615 72,577
197,782 112,392
CREDITORS
Amounts falling due within one year 7 (112,870 ) (49,887 )
NET CURRENT ASSETS 84,912 62,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,567

62,801

CREDITORS
Amounts falling due after more than one year 8 (18,570 ) (28,570 )
NET ASSETS 66,997 34,231

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 66,993 34,227
SHAREHOLDERS' FUNDS 66,997 34,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

MEDWAY ICE CREAM SUPPLIES LTD. (REGISTERED NUMBER: 08738171)

BALANCE SHEET - continued
29 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr R Cordrey - Director


MEDWAY ICE CREAM SUPPLIES LTD. (REGISTERED NUMBER: 08738171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023

1. STATUTORY INFORMATION

Medway Ice Cream Supplies Ltd. 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 reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 30 September 2022 3,424 700 4,124
Additions - 782 782
At 29 September 2023 3,424 1,482 4,906
DEPRECIATION
At 30 September 2022 3,128 700 3,828
Charge for year 162 261 423
At 29 September 2023 3,290 961 4,251
NET BOOK VALUE
At 29 September 2023 134 521 655
At 29 September 2022 296 - 296

MEDWAY ICE CREAM SUPPLIES LTD. (REGISTERED NUMBER: 08738171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023

5. STOCKS
2023 2022
£    £   
Stocks 30,000 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,223 -
Prepayments 8,944 9,815
17,167 9,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,760 9,760
Trade creditors 5,938 -
Corporation Tax 38,152 14,231
VAT 11,743 14,017
Directors' current accounts 46,111 10,879
Accrued expenses 1,166 1,000
112,870 49,887

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 18,570 28,570

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Cordrey.