Kaleidoscoop Gelato Laboratory Ltd 14041321 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the manufacture and sale of ice cream Digita Accounts Production Advanced 6.30.9574.0 true true 14041321 2023-05-01 2024-04-30 14041321 2024-04-30 14041321 bus:OrdinaryShareClass1 2024-04-30 14041321 core:CurrentFinancialInstruments 2024-04-30 14041321 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14041321 core:FurnitureFittings 2024-04-30 14041321 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 14041321 core:OfficeEquipment 2024-04-30 14041321 core:PlantMachinery 2024-04-30 14041321 bus:SmallEntities 2023-05-01 2024-04-30 14041321 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14041321 bus:FilletedAccounts 2023-05-01 2024-04-30 14041321 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14041321 bus:RegisteredOffice 2023-05-01 2024-04-30 14041321 bus:Director1 2023-05-01 2024-04-30 14041321 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 14041321 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14041321 core:ComputerEquipment 2023-05-01 2024-04-30 14041321 core:FurnitureFittings 2023-05-01 2024-04-30 14041321 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-04-30 14041321 core:LeaseholdImprovements 2023-05-01 2024-04-30 14041321 core:OfficeEquipment 2023-05-01 2024-04-30 14041321 core:PlantMachinery 2023-05-01 2024-04-30 14041321 countries:England 2023-05-01 2024-04-30 14041321 2023-04-30 14041321 core:FurnitureFittings 2023-04-30 14041321 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 14041321 core:OfficeEquipment 2023-04-30 14041321 core:PlantMachinery 2023-04-30 14041321 2022-04-12 2023-04-30 14041321 2023-04-30 14041321 bus:OrdinaryShareClass1 2023-04-30 14041321 core:CurrentFinancialInstruments 2023-04-30 14041321 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 14041321 core:FurnitureFittings 2023-04-30 14041321 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 14041321 core:OfficeEquipment 2023-04-30 14041321 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14041321

Kaleidoscoop Gelato Laboratory Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Kaleidoscoop Gelato Laboratory Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Kaleidoscoop Gelato Laboratory Ltd

(Registration number: 14041321)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

107,636

11,423

Current assets

 

Stocks

5

6,543

5,271

Debtors

6

9,537

281

Cash at bank and in hand

 

1,813

1,034

 

17,893

6,586

Creditors: Amounts falling due within one year

7

(162,064)

(35,586)

Net current liabilities

 

(144,171)

(29,000)

Net liabilities

 

(36,535)

(17,577)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(36,635)

(17,677)

Shareholders' deficit

 

(36,535)

(17,577)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 January 2025
 

.........................................
A R Cater
Director

 

Kaleidoscoop Gelato Laboratory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
24 High Street
Chipping Sodbury
Bristol
BS37 6AH

These financial statements were authorised for issue by the director on 17 January 2025.

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 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 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.

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.

 

Kaleidoscoop Gelato Laboratory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

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

Computer Equipment

25% Straight Line

Plant & Machinery

15% Straight Line

Leasehold Improvements

10% Straight Line

Fixtures & Fittings

10% Straight Line

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Kaleidoscoop Gelato Laboratory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Tangible assets

Leasehold Improvements
£

Fixtures and fittings
£

Plant and machinery
£

Computer Equipment
£

Cost or valuation

At 1 May 2023

3,908

-

8,094

1,206

Additions

21,771

20,884

56,943

619

At 30 April 2024

25,679

20,884

65,037

1,825

Depreciation

At 1 May 2023

-

-

1,568

217

Charge for the year

214

175

3,267

348

At 30 April 2024

214

175

4,835

565

Carrying amount

At 30 April 2024

25,465

20,709

60,202

1,260

At 30 April 2023

3,908

-

6,526

989

Total
£

Cost or valuation

At 1 May 2023

13,208

Additions

100,217

At 30 April 2024

113,425

Depreciation

At 1 May 2023

1,785

Charge for the year

4,004

At 30 April 2024

5,789

Carrying amount

At 30 April 2024

107,636

At 30 April 2023

11,423

5

Stocks

2024
£

2023
£

Other inventories

6,543

5,271

 

Kaleidoscoop Gelato Laboratory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6

Debtors

2024
£

2023
£

Trade debtors

571

-

Prepayments

260

236

Other debtors

8,706

45

9,537

281

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

15,124

-

Taxation and social security

82

333

Accruals and deferred income

6,029

2,386

Other creditors

140,829

32,867

162,064

35,586

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Related party transactions

Other transactions with the director

At the balance sheet date the company owed the director, Mr A Cater, the sum of £140,829 (2023 - £32,867)