The Cornish Ice Cream Company Limited 06968639 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the sale of ice-cream. Digita Accounts Production Advanced 6.30.9574.0 true true 06968639 2024-01-01 2024-12-31 06968639 2024-12-31 06968639 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06968639 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 06968639 core:FurnitureFittings 2024-12-31 06968639 core:OfficeEquipment 2024-12-31 06968639 bus:SmallEntities 2024-01-01 2024-12-31 06968639 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06968639 bus:FilletedAccounts 2024-01-01 2024-12-31 06968639 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06968639 bus:RegisteredOffice 2024-01-01 2024-12-31 06968639 bus:Director1 2024-01-01 2024-12-31 06968639 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06968639 core:Goodwill 2024-01-01 2024-12-31 06968639 core:FurnitureFittings 2024-01-01 2024-12-31 06968639 core:OfficeEquipment 2024-01-01 2024-12-31 06968639 core:PlantMachinery 2024-01-01 2024-12-31 06968639 countries:AllCountries 2024-01-01 2024-12-31 06968639 2023-12-31 06968639 core:FurnitureFittings 2023-12-31 06968639 core:OfficeEquipment 2023-12-31 06968639 2023-01-01 2023-12-31 06968639 2023-12-31 06968639 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06968639 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06968639 core:FurnitureFittings 2023-12-31 06968639 core:OfficeEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 06968639

The Cornish Ice Cream Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

The Cornish Ice Cream Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Cornish Ice Cream Company Limited

Company Information

Director:

Mrs L A Leno

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

06968639

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

The Cornish Ice Cream Company Limited

(Registration number: 06968639)
Balance Sheet as at 31 December 2024

Note

31.12.24

31.12.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

5

 

368

 

1,238

CURRENT ASSETS

   

 

Debtors

6

8,143

 

150

 

Cash at bank and in hand

 

511

 

369

 

 

8,654

 

519

 

CREDITORS

   

 

Creditors within 1yr

7

24,930

 

24,281

 

Net current liabilities

   

(16,276)

 

(23,762)

Total assets less current liabilities

   

(15,908)

 

(22,524)

Creditors
Amounts falling due after more than one year

7

 

1,668

 

5,667

Net liabilities

   

(17,576)

 

(28,191)

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

(17,676)

 

(28,291)

Shareholders' deficit

   

(17,576)

 

(28,191)

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 May 2025

.........................................
Mrs L A Leno
Director

 

The Cornish Ice Cream Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 14 May 2025.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis. However, the balance sheet shows negative equity.
The company is dependent on the continued support of its shareholders, which is expected to continue for at least the next twelve months. As a result, the directors feel it is appropriate to prepare the financial statements on agoing concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Cornish Ice Cream Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except tothe 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 orsubstantively 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 balancesheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose 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 thetiming difference.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

25% straight line basis

Plant nd machinery

25% straight line basis

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measuredat cost
less any accumulated amortisation and any accumulated impairment losses.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the periodof thelease

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

The Cornish Ice Cream Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4.

Intangible assets

Goodwill
£

Cost or valuation

At 1 January 2024

55,029

At 31 December 2024

55,029

Amortisation

At 1 January 2024

55,029

At 31 December 2024

55,029

Carrying amount

At 31 December 2024

-

5.

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

11,102

10,817

21,919

At 31 December 2024

11,102

10,817

21,919

Depreciation

At 1 January 2024

11,102

9,579

20,681

Charge for the year

-

870

870

At 31 December 2024

11,102

10,449

21,551

Carrying amount

At 31 December 2024

-

368

368

At 31 December 2023

-

1,238

1,238

6.

Debtors

Current

31.12.24
£

31.12.23
£

Other debtors

8,143

150

 

8,143

150

Included in other debtors is a loan of £8,143 made to a company under common control. No interest or repayment terms have been set.

 

The Cornish Ice Cream Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7.

Creditors

Creditors: amounts falling due within one year

Note

31.12.24
£

31.12.23
£

Due within one year

 

Loans and borrowings

4,000

4,000

Trade creditors

 

1,617

1,252

Accruals and deferred income

 

-

2,706

Other creditors

 

19,313

16,323

 

24,930

24,281

Included in other creditors is £15,563 due to the director, for which no interest or repayment terms have been set.
 

Creditors: amounts falling due after more than one year

Note

31.12.24
£

31.12.23
£

Due after one year

 

Loans and borrowings

1,668

5,667