REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2025 |
FOR |
BREAK THE ICE LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Office equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Office |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2024 |
and 31 January 2025 |
DEPRECIATION |
At 1 February 2024 |
Charge for year |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 January 2024 |
5. | STOCKS |
2025 | 2024 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
VAT |
Deferred tax asset |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Corporation tax |
Taxation and social security |
Other creditors |
Director's loan account | 13,050 | 11,612 |
Accruals and deferred income |
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 |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2025 | 2024 |
£ | £ |
Within one year |
Between one and five years |
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: | £ | £ |
A Ordinary | £1 | 51 | 51 |
B Ordinary | £1 | 24 | 24 |
C Ordinary | £1 | 24 | 24 |
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 |
Profit for the year |
Dividends | ( |
) |
At 31 January 2025 |
13. | ULTIMATE CONTROLLING PARTY |
Mr S M Abraham controls the company by virtue of his shareholding. |