1 March 2023 false No description of principal activity Taxfiler 2024.6 SC656016business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC6560162023-02-28 SC6560162023-03-012024-02-29 SC656016business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC656016business:FilletedAccounts2023-03-012024-02-29 SC6560162024-02-29 SC656016business:Director12023-03-012024-02-29 SC656016business:Director22023-03-012024-02-29 SC656016business:RegisteredOffice2023-03-012024-02-29 SC6560162023-02-28 SC656016core:WithinOneYear2024-02-29 SC656016core:WithinOneYear2023-02-28 SC656016core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC656016core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC656016core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC656016core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC656016core:PreviouslyStatedAmount2024-02-29 SC656016core:PreviouslyStatedAmount2023-02-28 SC656016business:SmallEntities2023-03-012024-02-29 SC656016countries:Scotland2023-03-012024-02-29 SC656016core:FurnitureFittings2023-03-012024-02-29 SC656016core:ComputerEquipment2023-03-012024-02-29 SC656016core:LandBuildings2023-02-28 SC656016core:PlantMachinery2023-02-28 SC656016core:MotorVehicles2023-02-28 SC656016core:FurnitureFittings2023-02-28 SC656016core:ComputerEquipment2023-02-28 SC656016core:LandBuildings2023-03-012024-02-29 SC656016core:PlantMachinery2023-03-012024-02-29 SC656016core:MotorVehicles2023-03-012024-02-29 SC656016core:LandBuildings2024-02-29 SC656016core:PlantMachinery2024-02-29 SC656016core:MotorVehicles2024-02-29 SC656016core:FurnitureFittings2024-02-29 SC656016core:ComputerEquipment2024-02-29 SC656016core:AfterOneYear2024-02-29 SC656016core:AfterOneYear2023-02-28 SC6560162022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC656016 (Scotland)
Frosty Enterprises Ltd Unaudited accounts for the year ended 29 February 2024
Frosty Enterprises Ltd Unaudited accounts Contents
Page
- 2 -
Frosty Enterprises Ltd Company Information for the year ended 29 February 2024
Directors
G Tennent V Tennent
Company Number
SC656016 (Scotland)
Registered Office
Alloway House 6 Alloway Place Ayr KA7 2AA Scotland
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
- 3 -
Frosty Enterprises Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
248,886 
235,294 
Current assets
Inventories
12,325 
- 
Debtors
15,828 
70,672 
Cash at bank and in hand
5,914 
4,245 
34,067 
74,917 
Creditors: amounts falling due within one year
(109,974)
(116,363)
Net current liabilities
(75,907)
(41,446)
Net assets
172,979 
193,848 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
172,879 
193,748 
Shareholders' funds
172,979 
193,848 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
G Tennent Director Company Registration No. SC656016
- 4 -
Frosty Enterprises Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Frosty Enterprises Ltd is a private company, limited by shares, registered in Scotland, registration number SC656016. The registered office is Alloway House , 6 Alloway Place, Ayr, KA7 2AA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
19,600 
209,937 
- 
5,594 
2,444 
237,575 
Additions
- 
2,049 
12,490 
- 
- 
14,539 
At 29 February 2024
19,600 
211,986 
12,490 
5,594 
2,444 
252,114 
Depreciation
At 1 March 2023
- 
- 
- 
1,501 
780 
2,281 
Charge for the year
- 
- 
- 
614 
333 
947 
At 29 February 2024
- 
- 
- 
2,115 
1,113 
3,228 
Net book value
At 29 February 2024
19,600 
211,986 
12,490 
3,479 
1,331 
248,886 
At 28 February 2023
19,600 
209,937 
- 
4,093 
1,664 
235,294 
- 5 -
Frosty Enterprises Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
15,828 
19,221 
Accrued income and prepayments
- 
464 
Other debtors
- 
50,987 
15,828 
70,672 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
32,208 
Trade creditors
61,793 
22,986 
Loans from directors
48,181 
59,701 
Accruals
- 
1,468 
109,974 
116,363 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -