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REGISTERED NUMBER: 07405679 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BLUE ICE MACHINES LIMITED

BLUE ICE MACHINES LIMITED (REGISTERED NUMBER: 07405679)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

BLUE ICE MACHINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Y Rubin
Mrs M D Rubin





REGISTERED OFFICE: Unit G Lea Road Trading Estate
Lea Road
Waltham Abbey
EN9 1AE





REGISTERED NUMBER: 07405679 (England and Wales)





ACCOUNTANTS: Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

BLUE ICE MACHINES LIMITED (REGISTERED NUMBER: 07405679)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,621,808 1,325,080

CURRENT ASSETS
Stocks 1,612,827 1,087,555
Debtors 5 1,709,379 669,587
Cash at bank and in hand 1,230,335 1,627,136
4,552,541 3,384,278
CREDITORS
Amounts falling due within one year 6 1,288,068 822,301
NET CURRENT ASSETS 3,264,473 2,561,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,886,281

3,887,057

CREDITORS
Amounts falling due after more than one
year

7

(704,241

)

(761,524

)

PROVISIONS FOR LIABILITIES (325,383 ) -
NET ASSETS 4,856,657 3,125,533

CAPITAL AND RESERVES
Called up share capital 140 140
Share premium 33,988 33,988
Fair value reserve 8 1,216,110 239,960
Retained earnings 3,606,419 2,851,445
4,856,657 3,125,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BLUE ICE MACHINES LIMITED (REGISTERED NUMBER: 07405679)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mrs M D Rubin - Director


BLUE ICE MACHINES LIMITED (REGISTERED NUMBER: 07405679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Blue Ice Machines 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 as modified by the revaluation of certain assets.

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.
Long leasehold - not provided
Fixtures and fittings - 33% on reducing balance

Long leasehold properties are held at fair value. Any surplus or deficit on revaluation is transferred to the fair value revaluation reserve, except that deficits below original cost, which are expected to be permanent, are charged to the profit and loss account.

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 Profit and Loss Account, 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.

BLUE ICE MACHINES LIMITED (REGISTERED NUMBER: 07405679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 1,298,467 129,446 1,427,913
Additions - 4,506 4,506
Revaluations 1,301,533 - 1,301,533
At 31 October 2024 2,600,000 133,952 2,733,952
DEPRECIATION
At 1 November 2023 - 102,833 102,833
Charge for year - 9,311 9,311
At 31 October 2024 - 112,144 112,144
NET BOOK VALUE
At 31 October 2024 2,600,000 21,808 2,621,808
At 31 October 2023 1,298,467 26,613 1,325,080

Long Leasehold properties have been revaluated by the Director on her estimate of open market value at 10.06.2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,064,888 659,867
Other debtors 630,000 -
VAT 5,248 -
Prepayments and accrued income 9,243 9,720
1,709,379 669,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 54,032 46,795
Trade creditors 356,783 91,480
Tax 336,994 299,838
Social security and other taxes 46,319 -
VAT - 51,006
Other creditors 392,305 184,078
Directors' current accounts 90,654 146,071
Accruals and deferred income 10,981 3,033
1,288,068 822,301

BLUE ICE MACHINES LIMITED (REGISTERED NUMBER: 07405679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 54,294 47,049
Bank loans - 2-5 years 131,356 120,912
Bank loans more 5 yr by instal 518,591 593,563
704,241 761,524

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 518,591 593,563

8. RESERVES
Fair
value
reserve
£   
At 1 November 2023 239,960
Property fair valuation 1,301,533
Deferred tax on property fair
valuation (325,383 )

At 31 October 2024 1,216,110

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BLUE ICE MACHINES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Ice Machines Limited for the year ended 31 October 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Blue Ice Machines Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Ice Machines Limited and state those matters that we have agreed to state to the Board of Directors of Blue Ice Machines Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Ice Machines Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blue Ice Machines Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Ice Machines Limited. You consider that Blue Ice Machines Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blue Ice Machines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


7 May 2025