Company Registration No. SC656016 (Scotland)
Frosty Enterprises Ltd
Unaudited accounts
for the year ended 29 February 2024
Frosty Enterprises Ltd
Unaudited accounts
Contents
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
Frosty Enterprises Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
248,886
235,294
Cash at bank and in hand
5,914
4,245
Creditors: amounts falling due within one year
(109,974)
(116,363)
Net current liabilities
(75,907)
(41,446)
Net assets
172,979
193,848
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
Frosty Enterprises Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Frosty Enterprises Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due after more than one year
Trade debtors
15,828
19,221
Accrued income and prepayments
-
464
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
61,793
22,986
Loans from directors
48,181
59,701
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).