Brickells Icecream Ltd Filleted Accounts Cover
Brickells Icecream Ltd
Company No. 11376970
Information for Filing with The Registrar
31 May 2024
Brickells Icecream Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 May 2024.
Principal activities
The principal activity of the company during the year under review was making and distribution of quality ice cream. Sales have improved significantly and this required a significant investment in new machinery and improvements to the business premises to enable further growth in the future.
Share Capital
On 30th April 2024, 300 shares of £1 each were allotted. On 15th May 2024 the 400 shares of £1 each were divided into 40,000 shares of 0.01p each and a further 25,000 shares of £0.01p were issued for a consideration of £25,000. On 31 May 2024 16,000 shares of £0.01p were issued for a consideration of £40,000.
Director
The Director who served at any time during the year was as follows:
R.W. Gore
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R.W. Gore
Director
31 October 2024
Brickells Icecream Ltd Balance Sheet Registrar
at
31 May 2024
Company No.
11376970
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
156,40449,290
156,40449,290
Current assets
Stocks
5
6,3206,320
Debtors
6
52,50519,628
Cash at bank and in hand
1,792450
60,61726,398
Creditors: Amount falling due within one year
7
(56,471)
(24,552)
Net current assets
4,1461,846
Total assets less current liabilities
160,55051,136
Creditors: Amounts falling due after more than one year
8
(150,297)
(122,672)
Net assets/(liabilities)
10,253
(71,536)
Capital and reserves
Called up share capital
810100
Share premium account
11
64,590-
Profit and loss account
11
(55,147)
(71,636)
Total equity
10,253
(71,536)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 October 2024 and signed on its behalf by:
R.W. Gore
Director
31 October 2024
Brickells Icecream Ltd Notes to the Accounts Registrar
for the year ended 31 May 2024
1
General information
Brickells Icecream Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11376970
Its registered office is:
Lower Farm
Westcombe
Shepton Mallet
BA4 6ER
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The accounts are prepared on a going concern basis as the director and shareholders have undertaken continue to provide financial support and not to seek repayment of their loans until the company is financially sound.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leasehold land and buildings
5% straight line
Plant and machinery
10% straight line
Motor vehicles
15% straight line
Furniture, fittings and equipment
20% straight line
Taxation
Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The company has tax losses available but does not recognise deferred tax recoverable

Current tax for the year is recognised in profit or loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
32
4
Tangible fixed assets
Land and buildings
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
£
Cost or revaluation
At 1 June 2023
-38,60533,88062773,112
Additions
11,35070,19036,320-117,860
Disposals
--
(8,385)
-
(8,385)
At 31 May 2024
11,350108,79561,815627182,587
Depreciation
At 1 June 2023
-15,5488,14912523,822
Charge for the year
-3,8605,0821259,067
Disposals
--
(6,706)
-
(6,706)
At 31 May 2024
-19,4086,52525026,183
Net book values
At 31 May 2024
11,35089,38755,290377156,404
At 31 May 2023
-
23,057
25,731
502
49,290
5
Stocks
2024
2023
£
£
Raw materials and consumables
6,3206,320
6,3206,320
6
Debtors
2024
2023
£
£
Trade debtors
50,71319,628
VAT recoverable
1,792-
52,50519,628
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
16,79111,192
Other loans
28,6477,434
Obligations under finance lease and hire purchase contracts
10,0333,506
Taxes and social security
1,000
2,420
56,47124,552
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,01418,418
Other loans
101,53390,165
Obligations under finance lease and hire purchase contracts
36,75014,089
150,297122,672
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
101,533
90,165
101,53390,165
The other loans due within one year are secured on the company's trade debtors. Obligations under finance lease and hire purchase contracts are secured on the company's vehicles. The other loans due in over 5 years are provided by the director and shareholders who have undertaken not to seek repayment of their loans until the company is on a sounder financial footing.
9
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
75,42925,029
The other loans due within one year are secured on the company's trade debtors and obligations under finance lease and hire purchase contracts are secured on the company's vehicles.
10
Share Capital
On 31 May 2024 there were 81,000 shares of £0.01p issued, called up and fully paid.
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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