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REGISTERED NUMBER: 06275679 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ice Quest (Malvern) Limited

Ice Quest (Malvern) Limited (Registered number: 06275679)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ice Quest (Malvern) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs S J Hennessey
Mr J M Hennessy





SECRETARY: Mr E J Hennessy





REGISTERED OFFICE: Spring Lane North
Malvern
Worcestershire
WR14 1BU





REGISTERED NUMBER: 06275679 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Ice Quest (Malvern) Limited (Registered number: 06275679)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,933 142,554

CURRENT ASSETS
Stocks 334 258
Debtors 5 23,063 22,007
Prepayments and accrued income 1,913 1,913
Cash at bank and in hand 24,715 115,360
50,025 139,538
CREDITORS
Amounts falling due within one year 6 97,571 129,155
NET CURRENT (LIABILITIES)/ASSETS (47,546 ) 10,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,387

152,937

CREDITORS
Amounts falling due after more than one
year

7

-

(34,639

)

PROVISIONS FOR LIABILITIES (30,873 ) (22,821 )
NET ASSETS 104,514 95,477

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 104,512 95,475
SHAREHOLDERS' FUNDS 104,514 95,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ice Quest (Malvern) Limited (Registered number: 06275679)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:




Mr J M Hennessy - Director



Mrs S J Hennessey - Director


Ice Quest (Malvern) Limited (Registered number: 06275679)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ice Quest (Malvern) 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.

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.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Ice Quest (Malvern) Limited (Registered number: 06275679)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 15,290 284,108 5,300 304,698
Additions 48,165 13,202 - 61,367
At 31 July 2024 63,455 297,310 5,300 366,065
DEPRECIATION
At 1 August 2023 15,290 145,529 1,325 162,144
Charge for year 4,816 15,178 994 20,988
At 31 July 2024 20,106 160,707 2,319 183,132
NET BOOK VALUE
At 31 July 2024 43,349 136,603 2,981 182,933
At 31 July 2023 - 138,579 3,975 142,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 23,063 22,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 18,894
Trade creditors 34,899 46,017
Tax 7,203 15,544
Social security and other taxes 1,933 1,217
Wages control account 1,086 -
VAT 3,950 4,680
Directors' current accounts 43,827 34,730
Accrued expenses 4,673 8,073
97,571 129,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years - 34,639

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S J Hennessey.