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REGISTERED NUMBER: 04825622 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BREAK THE ICE LIMITED

BREAK THE ICE LIMITED (REGISTERED NUMBER: 04825622)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREAK THE ICE LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2025







DIRECTOR: Mr J D Thomas





REGISTERED OFFICE: 727 Capability Green
Luton
Beds
LU1 3LU





REGISTERED NUMBER: 04825622 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

BREAK THE ICE LIMITED (REGISTERED NUMBER: 04825622)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,832 4,705

CURRENT ASSETS
Stocks 5 251,128 264,288
Debtors 6 135,677 379,723
Cash at bank and in hand 80,784 250,160
467,589 894,171
CREDITORS
Amounts falling due within one year 7 114,736 440,174
NET CURRENT ASSETS 352,853 453,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,685

458,702

CREDITORS
Amounts falling due after more than one year 8 (12,500 ) (42,500 )

PROVISIONS FOR LIABILITIES - (1,176 )
NET ASSETS 344,185 415,026

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 344,085 414,926
SHAREHOLDERS' FUNDS 344,185 415,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BREAK THE ICE LIMITED (REGISTERED NUMBER: 04825622)

BALANCE SHEET - continued
31 JANUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





Mr J D Thomas - Director


BREAK THE ICE LIMITED (REGISTERED NUMBER: 04825622)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025

1. STATUTORY INFORMATION

Break The Ice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Office equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors, cash and creditors
Debtors
Debtors are recognised at the settlement amount due.

Cash at bank and in hand
Cash at bank represents the balance in the bank as at the year end.

Creditors
Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BREAK THE ICE LIMITED (REGISTERED NUMBER: 04825622)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 14,427 5,583 20,010
DEPRECIATION
At 1 February 2024 10,443 4,862 15,305
Charge for year 693 180 873
At 31 January 2025 11,136 5,042 16,178
NET BOOK VALUE
At 31 January 2025 3,291 541 3,832
At 31 January 2024 3,984 721 4,705

5. STOCKS
2025 2024
£    £   
Stocks 251,128 264,288

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 119,819 365,597
VAT 2,474 2,440
Deferred tax asset 987 -
Prepayments 12,397 11,686
135,677 379,723

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 58,809 233,999
Trade creditors 11,546 152,602
Corporation tax 13,842 27,885
Taxation and social security 4,723 3,414
Other creditors 8,799 5,553
Director's loan account 13,050 11,612
Accruals and deferred income 3,967 5,109
114,736 440,174

BREAK THE ICE LIMITED (REGISTERED NUMBER: 04825622)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 12,500 42,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 27,667 26,750
Between one and five years 43,938 71,604
71,605 98,354

10. SECURED DEBTS

Break The Ice Limited have entered into a debenture with Hitsubishi HC Capital UK PLC. The debenture included a legal mortgage over all the land and a fixed first charge over and floating charge all the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
51 A Ordinary £1 51 51
24 B Ordinary £1 24 24
24 C Ordinary £1 24 24
1 D Ordinary £1 1 1
100 100

All shares rank parri-passu save that each class has the right to receive dividends payable to that class of share only.

12. RESERVES
Retained
earnings
£   

At 1 February 2024 414,926
Profit for the year 43,436
Dividends (114,277 )
At 31 January 2025 344,085

13. ULTIMATE CONTROLLING PARTY

Mr S M Abraham controls the company by virtue of his shareholding.