Silverfin false true 29/02/2024 01/03/2023 29/02/2024 Mrs A Lambie 21/12/2013 Mr S Mcgillivray 21/12/2013 27 November 2024 The principal activity of the company during the financial year was that of a dormant subsidiary company. SC417957 2024-02-29 SC417957 bus:Director1 2024-02-29 SC417957 bus:Director2 2024-02-29 SC417957 core:CurrentFinancialInstruments 2024-02-29 SC417957 core:CurrentFinancialInstruments 2023-02-28 SC417957 2023-02-28 SC417957 core:ShareCapital 2024-02-29 SC417957 core:ShareCapital 2023-02-28 SC417957 bus:OrdinaryShareClass1 2024-02-29 SC417957 2023-03-01 2024-02-29 SC417957 bus:FilletedAccounts 2023-03-01 2024-02-29 SC417957 bus:SmallEntities 2023-03-01 2024-02-29 SC417957 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC417957 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC417957 bus:Director1 2023-03-01 2024-02-29 SC417957 bus:Director2 2023-03-01 2024-02-29 SC417957 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC417957 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares

Company No: SC417957 (Scotland)

GLASS AND ICE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

GLASS AND ICE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024

Contents

GLASS AND ICE LIMITED

BALANCE SHEET

AS AT 29 FEBRUARY 2024
GLASS AND ICE LIMITED

BALANCE SHEET (continued)

AS AT 29 FEBRUARY 2024
Note 2024 2023
£ £
Current assets
Debtors 3 1 1
1 1
Net current assets 1 1
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 4 1 1
Total shareholder's funds 1 1

Glass And Ice Limited (registered number: SC417957) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Glass And Ice Limited (registered number: SC417957) were approved and authorised for issue by the Board of Directors on 27 November 2024. They were signed on its behalf by:

Mrs A Lambie
Director
GLASS AND ICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
GLASS AND ICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Glass And Ice Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 46 Dalsholm Road, Glasgow, G20 0TB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Profit and loss account

The company has not traded during the year of the preceding financial period. During this time, the company
received no income and incurred no expenditure and therefore no Profit and loss account is presented in
these financial statements.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

3. Debtors

2024 2023
£ £
Amounts owed by Parent undertakings 1 1

4. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1

5. Related party transactions

The company has taken advantage of disclosure exemptions available under Section 1A of FRS 102
whereby it has not disclosed transactions entered in to within any wholly-owned subsidiary of the group.

6. Ultimate controlling party

Parent Company:

Sims Automatics Limited
46 Dalsholm Road
Glasgow
Lanarkshire
Scotland
G20 0TB