REGISTERED NUMBER: |
Harbour Ice Padstow Limited |
Unaudited Financial Statements |
for the Period 1 June 2023 to 31 July 2024 |
REGISTERED NUMBER: |
Harbour Ice Padstow Limited |
Unaudited Financial Statements |
for the Period 1 June 2023 to 31 July 2024 |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Contents of the Financial Statements |
for the Period 1 June 2023 to 31 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Harbour Ice Padstow Limited |
Company Information |
for the Period 1 June 2023 to 31 July 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Craven House |
32 Lee Lane |
Horwich |
Bolton |
BL6 7BY |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Statement of Financial Position |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
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 | 9 | ( |
) | ( |
) |
Net assets |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Statement of Financial Position - continued |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
Capital and reserves |
Called up share capital | 10 |
Other reserves |
Retained earnings |
Shareholders' funds |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Notes to the Financial Statements |
for the Period 1 June 2023 to 31 July 2024 |
1. | Statutory information |
Harbour Ice Padstow Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received for ice cream and related product sales during the year. |
Goodwill |
Amortisation has not been provided for by the company, as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for, the charge for the year would have been £8,500 and the profit for the year reduced accordingly. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
Stocks |
Stocks are measured at estimated cost. |
Financial instruments |
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Notes to the Financial Statements - continued |
for the Period 1 June 2023 to 31 July 2024 |
2. | Accounting policies - continued |
Taxation |
The taxation expense represents the aggregate amount of current tax recognised in the reporting period . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current period. |
Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period end and that are expected to apply to the reversal of the timing difference. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 June 2023 |
and 31 July 2024 |
Net book value |
At 31 July 2024 |
At 31 May 2023 |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Notes to the Financial Statements - continued |
for the Period 1 June 2023 to 31 July 2024 |
5. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 June 2023 |
Additions |
At 31 July 2024 |
Depreciation |
At 1 June 2023 |
Charge for period |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
At 31 May 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loan |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loan |
Harbour Ice Padstow Limited (Registered number: 10761299) |
Notes to the Financial Statements - continued |
for the Period 1 June 2023 to 31 July 2024 |
9. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 1,888 | 1,449 |
Deferred |
tax |
£ |
Balance at 1 June 2023 |
Provided during period |
Balance at 31 July 2024 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
11. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the period ended 31 July 2024 and the year ended 31 May 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |