FUSCO ICE CREAM (N.I.) LTD

Company Registration Number:
NI639752 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

FUSCO ICE CREAM (N.I.) LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

FUSCO ICE CREAM (N.I.) LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 22,100 14,903
Total fixed assets: 22,100 14,903
Current assets
Stocks: 4,840 4,705
Debtors:   3,897 4,671
Cash at bank and in hand: 5,965 11,422
Total current assets: 14,702 20,798
Creditors: amounts falling due within one year:   (18,432) (23,708)
Net current assets (liabilities): (3,730) (2,910)
Total assets less current liabilities: 18,370 11,993
Creditors: amounts falling due after more than one year:   (10,211) (240)
Total net assets (liabilities): 8,159 11,753
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 8,059 11,653
Shareholders funds: 8,159 11,753

The notes form part of these financial statements

FUSCO ICE CREAM (N.I.) LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 March 2025
and signed on behalf of the board by:

Name: Darren Fusco
Status: Director

The notes form part of these financial statements

FUSCO ICE CREAM (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows Plant & machinery 25% Reducing balance Fixtures 20% Reducing balance Motor vehicles 25% Reducing balance The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying values may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first in first out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

FUSCO ICE CREAM (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

FUSCO ICE CREAM (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 61,194
Additions 13,995
At 31 July 2024 75,189
Depreciation
At 01 August 2023 46,291
Charge for year 6,798
At 31 July 2024 53,089
Net book value
At 31 July 2024 22,100
At 31 July 2023 14,903