Northern Bloc Ice Cream Limited 09078746 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is manufacturing and selling of ice cream Digita Accounts Production Advanced 6.30.9574.0 true true false false 09078746 2023-05-01 2024-04-30 09078746 2024-04-30 09078746 core:RetainedEarningsAccumulatedLosses 2024-04-30 09078746 core:ShareCapital 2024-04-30 09078746 core:SharePremium 2024-04-30 09078746 core:CurrentFinancialInstruments 2024-04-30 09078746 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09078746 core:Non-currentFinancialInstruments 2024-04-30 09078746 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 09078746 core:Goodwill 2024-04-30 09078746 core:FurnitureFittingsToolsEquipment 2024-04-30 09078746 core:LandBuildings 2024-04-30 09078746 core:MotorVehicles 2024-04-30 09078746 core:OtherPropertyPlantEquipment 2024-04-30 09078746 bus:SmallEntities 2023-05-01 2024-04-30 09078746 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09078746 bus:FullAccounts 2023-05-01 2024-04-30 09078746 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09078746 bus:RegisteredOffice 2023-05-01 2024-04-30 09078746 bus:Director1 2023-05-01 2024-04-30 09078746 bus:Director2 2023-05-01 2024-04-30 09078746 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09078746 core:Goodwill 2023-05-01 2024-04-30 09078746 core:FurnitureFittings 2023-05-01 2024-04-30 09078746 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 09078746 core:LandBuildings 2023-05-01 2024-04-30 09078746 core:LeaseholdImprovements 2023-05-01 2024-04-30 09078746 core:MotorVehicles 2023-05-01 2024-04-30 09078746 core:OfficeEquipment 2023-05-01 2024-04-30 09078746 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 09078746 core:ToolsEquipment 2023-05-01 2024-04-30 09078746 core:Subsidiary1 2023-05-01 2024-04-30 09078746 core:Subsidiary1 1 2023-05-01 2024-04-30 09078746 core:Subsidiary1 countries:UnitedKingdom 2023-05-01 2024-04-30 09078746 core:Subsidiary2 2023-05-01 2024-04-30 09078746 core:Subsidiary2 1 2023-05-01 2024-04-30 09078746 core:Subsidiary2 countries:UnitedKingdom 2023-05-01 2024-04-30 09078746 countries:UnitedKingdom 2023-05-01 2024-04-30 09078746 2023-04-30 09078746 core:Goodwill 2023-04-30 09078746 core:FurnitureFittingsToolsEquipment 2023-04-30 09078746 core:LandBuildings 2023-04-30 09078746 core:MotorVehicles 2023-04-30 09078746 core:OtherPropertyPlantEquipment 2023-04-30 09078746 2022-05-01 2023-04-30 09078746 2023-04-30 09078746 core:RetainedEarningsAccumulatedLosses 2023-04-30 09078746 core:ShareCapital 2023-04-30 09078746 core:SharePremium 2023-04-30 09078746 core:CurrentFinancialInstruments 2023-04-30 09078746 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09078746 core:Non-currentFinancialInstruments 2023-04-30 09078746 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09078746 core:Goodwill 2023-04-30 09078746 core:FurnitureFittingsToolsEquipment 2023-04-30 09078746 core:LandBuildings 2023-04-30 09078746 core:MotorVehicles 2023-04-30 09078746 core:OtherPropertyPlantEquipment 2023-04-30 09078746 core:Subsidiary1 1 2022-05-01 2023-04-30 09078746 core:Subsidiary2 1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 09078746

Northern Bloc Ice Cream Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Northern Bloc Ice Cream Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Northern Bloc Ice Cream Limited

(Registration number: 09078746)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

17,000

19,000

Tangible assets

6

777,051

950,091

 

794,051

969,091

Current assets

 

Stocks

8

896,953

804,437

Debtors

9

770,922

1,079,802

Investments

10

2

2

Cash at bank and in hand

 

43,444

29,857

 

1,711,321

1,914,098

Creditors: Amounts falling due within one year

11

(2,111,612)

(1,700,580)

Net current (liabilities)/assets

 

(400,291)

213,518

Total assets less current liabilities

 

393,760

1,182,609

Creditors: Amounts falling due after more than one year

11

(1,061,753)

(825,486)

Net (liabilities)/assets

 

(667,993)

357,123

Capital and reserves

 

Called up share capital

421

421

Share premium reserve

4,566,527

4,566,527

Retained earnings

(5,234,941)

(4,209,825)

Shareholders' (deficit)/funds

 

(667,993)

357,123

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.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

 

Northern Bloc Ice Cream Limited

(Registration number: 09078746)
Balance Sheet as at 30 April 2024

Mr J A Lee
Director

Mr D Mischendahl
Director

 
     
 

Northern Bloc Ice Cream Limited

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 United Kingdom.

The address of its registered office is:
122 North Street, Leeds
Leeds
LS7 1AF

2

Accounting policies

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 not been prepared on a going concern basis. Post the financial year end the business assets will be sold and a liquidation process undertaken.

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 and after eliminating sales within the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Northern Bloc Ice Cream Limited

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

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.

 

Northern Bloc Ice Cream Limited

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

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

Leasehold Improvements

20% Straight line

Office equipment

33% Straight line

Coldroom Equipment

15% Straight line

Motor vehicles

25% Reducing balance

Fixtures and fittings

33% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Northern Bloc Ice Cream Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2023 - 30).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

194,729

162,388

Amortisation expense

2,000

1,000

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

20,000

20,000

At 30 April 2024

20,000

20,000

Amortisation

At 1 May 2023

1,000

1,000

Amortisation charge

2,000

2,000

At 30 April 2024

3,000

3,000

Carrying amount

At 30 April 2024

17,000

17,000

At 30 April 2023

19,000

19,000

The aggregate amount of research and development expenditure recognised as an expense during the period is £25,604 (2023 - £17,870).
 

 

Northern Bloc Ice Cream Limited

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

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

298,328

85,192

17,836

1,093,611

1,494,967

Additions

-

2,743

-

18,947

21,690

At 30 April 2024

298,328

87,935

17,836

1,112,558

1,516,657

Depreciation

At 1 May 2023

50,544

51,481

14,372

428,479

544,876

Charge for the year

50,229

16,718

866

126,917

194,730

At 30 April 2024

100,773

68,199

15,238

555,396

739,606

Carrying amount

At 30 April 2024

197,555

19,736

2,598

557,162

777,051

At 30 April 2023

247,784

33,711

3,464

665,132

950,091

Included within the net book value of land and buildings above is £197,556 (2023 - £247,784) in respect of short leasehold land and buildings.
 

 

Northern Bloc Ice Cream Limited

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

7

Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Northern Bloc Limited

122 North Street
Leeds
United Kingdom
LS7 1AF

United Kingdom

Ordinary Shares

100%

100%

Criterion Ices Limited

122 North Street
Leeds
United Kingdom
LS7 1AF

United Kingdom

Ordinary Shares

100%

100%

Subsidiary undertakings

Northern Bloc Limited

The principal activity of Northern Bloc Limited is Dormant.

Criterion Ices Limited

The principal activity of Criterion Ices Limited is Dormant.

8

Stocks

2024
£

2023
£

Other inventories

896,953

804,437

 

Northern Bloc Ice Cream Limited

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

9

Debtors

Current

2024
£

2023
£

Trade debtors

600,080

856,351

Prepayments

142,992

122,746

Other debtors

27,850

100,705

 

770,922

1,079,802

10

Current asset investments

2024
£

2023
£

Other investments

2

2

11

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

399,984

393,122

Trade creditors

 

637,780

623,655

Taxation and social security

 

294,073

71,608

Accruals and deferred income

 

395,757

227,398

Other creditors

 

384,018

384,797

 

2,111,612

1,700,580

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12

125,833

135,771

Other non-current financial liabilities

 

935,920

689,715

 

1,061,753

825,486

 

Northern Bloc Ice Cream Limited

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

12

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,833

20,771

Other borrowings

115,000

115,000

125,833

135,771

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Bank overdrafts

382,130

375,269

Other borrowings

7,854

7,853

399,984

393,122