Registered number
07969801
Showtime Ice Cream Ltd
Filleted Accounts
28 February 2025
Showtime Ice Cream Ltd
Registered number: 07969801
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 350,423 161,977
Current assets
Stocks 31,694 14,069
Debtors 4 108,382 45,916
Cash at bank and in hand 66,437 111,629
206,513 171,614
Creditors: amounts falling due within one year 5 (200,999) (25,704)
Net current assets 5,514 145,910
Total assets less current liabilities 355,937 307,887
Creditors: amounts falling due after more than one year 6 (21,296) (41,424)
Provisions for liabilities (30,305) (11,307)
Net assets 304,336 255,156
Capital and reserves
Called up share capital 1 1
Profit and loss account 304,335 255,155
Shareholder's funds 304,336 255,156
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Ewart
Director
Approved by the board on 30 April 2025
Showtime Ice Cream Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing basis over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 - 26,541 606,578 633,119
Additions 120,850 2,730 232,530 356,110
Disposals (120,850) - - (120,850)
At 28 February 2025 - 29,271 839,108 868,379
Depreciation
At 1 March 2024 - 18,539 452,603 471,142
Charge for the year - 2,683 44,131 46,814
At 28 February 2025 - 21,222 496,734 517,956
Net book value
At 28 February 2025 - 8,049 342,374 350,423
At 29 February 2024 - 8,002 153,975 161,977
4 Debtors 2025 2024
£ £
Trade debtors - 920
Other debtors 108,382 44,996
108,382 45,916
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,440 10,183
Obligations under finance lease and hire purchase contracts 91,667 -
Trade creditors 93,422 423
Taxation and social security costs 1,880 10,820
Other creditors 3,590 4,278
200,999 25,704
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 2,651 13,091
Other creditors 18,645 28,333
21,296 41,424
7 Other information
Showtime Ice Cream Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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