IRIS Accounts Production v24.3.0.553 07999606 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079996062023-03-31079996062024-03-31079996062023-04-012024-03-31079996062022-03-31079996062022-04-012023-03-31079996062023-03-3107999606ns15:EnglandWales2023-04-012024-03-3107999606ns14:PoundSterling2023-04-012024-03-3107999606ns10:Director12023-04-012024-03-3107999606ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107999606ns10:SmallEntities2023-04-012024-03-3107999606ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107999606ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107999606ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107999606ns10:FullAccounts2023-04-012024-03-3107999606ns10:OrdinaryShareClass12023-04-012024-03-3107999606ns10:RegisteredOffice2023-04-012024-03-3107999606ns5:CurrentFinancialInstruments2024-03-3107999606ns5:CurrentFinancialInstruments2023-03-3107999606ns5:Non-currentFinancialInstruments2024-03-3107999606ns5:Non-currentFinancialInstruments2023-03-3107999606ns5:ShareCapital2024-03-3107999606ns5:ShareCapital2023-03-3107999606ns5:RetainedEarningsAccumulatedLosses2024-03-3107999606ns5:RetainedEarningsAccumulatedLosses2023-03-3107999606ns5:FurnitureFittings2023-04-012024-03-3107999606ns5:MotorVehicles2023-04-012024-03-3107999606ns5:FurnitureFittings2023-03-3107999606ns5:MotorVehicles2023-03-3107999606ns5:FurnitureFittings2024-03-3107999606ns5:MotorVehicles2024-03-3107999606ns5:FurnitureFittings2023-03-3107999606ns5:MotorVehicles2023-03-3107999606ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107999606ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107999606ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3107999606ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3107999606ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 07999606 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FROSTY HIRE & SALES LIMITED

FROSTY HIRE & SALES LIMITED (REGISTERED NUMBER: 07999606)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FROSTY HIRE & SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G Artimadis





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 07999606 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

FROSTY HIRE & SALES LIMITED (REGISTERED NUMBER: 07999606)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,075,746 2,809,542

CURRENT ASSETS
Stocks 5 1,003,625 845,014
Debtors 6 482,687 307,472
Cash at bank and in hand 2,538 19,228
1,488,850 1,171,714
CREDITORS
Amounts falling due within one year 7 2,107,342 1,362,361
NET CURRENT LIABILITIES (618,492 ) (190,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,457,254

2,618,895

CREDITORS
Amounts falling due after more than one
year

8

3,830,075

2,106,111
NET ASSETS 627,179 512,784

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 627,178 512,783
SHAREHOLDERS' FUNDS 627,179 512,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FROSTY HIRE & SALES LIMITED (REGISTERED NUMBER: 07999606)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 27 September 2024 and were signed by:





Mr G Artimadis - Director


FROSTY HIRE & SALES LIMITED (REGISTERED NUMBER: 07999606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Frosty Hire & Sales 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.
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

FROSTY HIRE & SALES LIMITED (REGISTERED NUMBER: 07999606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 15,751 4,140,661 4,156,412
Additions 3,817 3,271,738 3,275,555
Disposals - (372,055 ) (372,055 )
At 31 March 2024 19,568 7,040,344 7,059,912
DEPRECIATION
At 1 April 2023 9,788 1,337,082 1,346,870
Charge for year 1,575 839,835 841,410
Eliminated on disposal - (204,114 ) (204,114 )
At 31 March 2024 11,363 1,972,803 1,984,166
NET BOOK VALUE
At 31 March 2024 8,205 5,067,541 5,075,746
At 31 March 2023 5,963 2,803,579 2,809,542

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,003,625 845,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 296,562 244,113
Other debtors 12,898 11,900
Rent deposit Held 10,800 12,240
VAT - 14,147
Accruals 105,836 -
Prepayments 56,591 25,072
482,687 307,472

FROSTY HIRE & SALES LIMITED (REGISTERED NUMBER: 07999606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 53,869 57,222
Hire purchase contracts 1,342,600 813,550
Trade creditors 419,778 263,431
Social security and other taxes 99,539 40,244
Net wages 5,703 1,660
VAT 31,348 -
Other creditors 100,654 100,684
Pension control 469 166
Directors' current accounts 42,682 21,204
Deferred income 1,700 41,200
Accrued expenses 9,000 23,000
2,107,342 1,362,361

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) - 4,722
Hire purchase contracts 3,830,075 2,101,389
3,830,075 2,106,111

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 53,869 28,889
Bank loans - 28,333
53,869 57,222

Amounts falling due between one and two years:
Bank loans - 1-2 years - 4,722

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary shares 1 1 1