Midland Supercream (Brierley Hill) Limited 00683986 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Mobile Ice Cream Vendor Digita Accounts Production Advanced 6.30.9574.0 true true 00683986 2023-04-01 2024-03-31 00683986 2024-03-31 00683986 bus:OrdinaryShareClass1 2024-03-31 00683986 core:CurrentFinancialInstruments 2024-03-31 00683986 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00683986 core:FurnitureFittings 2024-03-31 00683986 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 00683986 core:MotorVehicles 2024-03-31 00683986 core:OtherPropertyPlantEquipment 2024-03-31 00683986 bus:SmallEntities 2023-04-01 2024-03-31 00683986 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00683986 bus:AbridgedAccounts 2023-04-01 2024-03-31 00683986 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00683986 bus:RegisteredOffice 2023-04-01 2024-03-31 00683986 bus:CompanySecretaryDirector2 2023-04-01 2024-03-31 00683986 bus:Director3 2023-04-01 2024-03-31 00683986 bus:Director4 2023-04-01 2024-03-31 00683986 bus:Director5 2023-04-01 2024-03-31 00683986 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00683986 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00683986 bus:Agent1 2023-04-01 2024-03-31 00683986 core:FurnitureFittings 2023-04-01 2024-03-31 00683986 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00683986 core:LandBuildings 2023-04-01 2024-03-31 00683986 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00683986 core:MotorVehicles 2023-04-01 2024-03-31 00683986 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 00683986 core:PlantMachinery 2023-04-01 2024-03-31 00683986 countries:England 2023-04-01 2024-03-31 00683986 2023-03-31 00683986 core:FurnitureFittings 2023-03-31 00683986 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 00683986 core:MotorVehicles 2023-03-31 00683986 core:OtherPropertyPlantEquipment 2023-03-31 00683986 2022-04-01 2023-03-31 00683986 2023-03-31 00683986 bus:OrdinaryShareClass1 2023-03-31 00683986 core:CurrentFinancialInstruments 2023-03-31 00683986 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00683986 core:FurnitureFittings 2023-03-31 00683986 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 00683986 core:MotorVehicles 2023-03-31 00683986 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00683986

Midland Supercream (Brierley Hill) Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Midland Supercream (Brierley Hill) Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 9

 

Midland Supercream (Brierley Hill) Limited

Company Information

Directors

Mrs Josephine Calleia

Mr Biagio Michael Calleia

Mr Fillippo Salvatore Calleia

Mr Pietro Guiseppe Calleia

Company secretary

Mrs Josephine Calleia

Registered office

Bull Street
Silverend
Brierley Hill
West Midlands
DY5 3RA

Accountants

Walker Hubble
5 Parsons Street
Dudley
West Midlands
DY1 1JJ

 

Midland Supercream (Brierley Hill) Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the abridged financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs Josephine Calleia - Company secretary and director

Mr Biagio Michael Calleia

Mr Fillippo Salvatore Calleia

Mr Pietro Guiseppe Calleia

Principal activity

The principal activity of the company is Mobile Ice Cream Vendor

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Fillippo Salvatore Calleia
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Midland Supercream (Brierley Hill) Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Midland Supercream (Brierley Hill) Limited for the year ended 31 March 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Midland Supercream (Brierley Hill) Limited, as a body, in accordance with the terms of our engagement letter dated 5 August 2013. Our work has been undertaken solely to prepare for your approval the accounts of Midland Supercream (Brierley Hill) Limited and state those matters that we have agreed to state to the Board of Directors of Midland Supercream (Brierley Hill) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midland Supercream (Brierley Hill) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Midland Supercream (Brierley Hill) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Midland Supercream (Brierley Hill) Limited. You consider that Midland Supercream (Brierley Hill) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Midland Supercream (Brierley Hill) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Walker Hubble
5 Parsons Street
Dudley
West Midlands
DY1 1JJ

31 October 2024

 

Midland Supercream (Brierley Hill) Limited

(Registration number: 00683986)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

73,693

91,364

Current assets

 

Stocks

119,286

105,513

Debtors

37,439

18,181

Cash at bank and in hand

 

798,933

613,812

 

955,658

737,506

Prepayments and accrued income

 

53,590

36,609

Creditors: Amounts falling due within one year

(331,335)

(204,205)

Net current assets

 

677,913

569,910

Total assets less current liabilities

 

751,606

661,274

Provisions for liabilities

(18,422)

(22,840)

Accruals and deferred income

 

(2,500)

(2,500)

Net assets

 

730,684

635,934

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

730,584

635,834

Shareholders' funds

 

730,684

635,934

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Midland Supercream (Brierley Hill) Limited

(Registration number: 00683986)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Fillippo Salvatore Calleia
Director

 

Midland Supercream (Brierley Hill) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Bull Street
Silverend
Brierley Hill
West Midlands
DY5 3RA

These financial statements were authorised for issue by the Board on 31 October 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, 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 and deferred 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Midland Supercream (Brierley Hill) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Straight line over 25 years

Plant and machinery

15% reducing balance

Fixtures, fittings and equipment

10% reducing balance

Motor vehicles

25% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Midland Supercream (Brierley Hill) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

Midland Supercream (Brierley Hill) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Cost or valuation

At 1 April 2023

52,813

16,033

508,566

122,167

Additions

-

-

3,000

-

At 31 March 2024

52,813

16,033

511,566

122,167

Depreciation

At 1 April 2023

52,813

14,359

445,575

95,468

Charge for the year

-

168

16,498

4,005

At 31 March 2024

52,813

14,527

462,073

99,473

Carrying amount

At 31 March 2024

-

1,506

49,493

22,694

At 31 March 2023

-

1,674

62,991

26,699

Total
£

Cost or valuation

At 1 April 2023

699,579

Additions

3,000

At 31 March 2024

702,579

Depreciation

At 1 April 2023

608,215

Charge for the year

20,671

At 31 March 2024

628,886

Carrying amount

At 31 March 2024

73,693

At 31 March 2023

91,364

Included within the net book value of land and buildings above is £Nil (2023 - £) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100