Jefferson's Ice Cream Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Jefferson's Ice Cream Limited for the year ended 1 September 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Jefferson's Ice Cream Limited which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Jefferson's Ice Cream Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Jefferson's Ice Cream Limited and state those matters that we have agreed to state to the directors of Jefferson's Ice Cream Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jefferson's Ice Cream Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Jefferson's Ice Cream Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Jefferson's Ice Cream Limited . You consider that Jefferson's Ice Cream 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 accounts of Jefferson's Ice Cream 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 financial statements.

Robert Fiford FCCA

22/05/2025

dines Accountancy Limited

ACCA

Edinburgh House

170 Kennington Lane

London

SE11 5DP

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Jefferson's Ice Cream Limited

Balance Sheet

As At 1 September 2024

Balance Sheet

Registered number: 10972088

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,427		68,058

			30,427		68,058
CURRENT ASSETS
Stocks	5	8,278		11,481
Debtors	6	25,226		27,485
Cash at bank and in hand		49,486		19,896

		82,990		58,862
Creditors: Amounts Falling Due Within One Year	7	(319,452 )		(325,464 )

NET CURRENT ASSETS (LIABILITIES)			(236,462 )		(266,602 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(206,035 )		(198,544 )

Creditors: Amounts Falling Due After More Than One Year	8		(272,454 )		(243,194 )

NET LIABILITIES			(478,489 )		(441,738 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(478,589 )		(441,838 )

SHAREHOLDERS' FUNDS			(478,489)		(441,738)

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Jefferson's Ice Cream Limited

Balance Sheet (continued)

As At 1 September 2024

For the year ending 1 September 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C Thompson

Director

22/05/2025

The notes on pages 4 to 6 form part of these financial statements.

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Jefferson's Ice Cream Limited

Notes to the Financial Statements

For The Year Ended 1 September 2024

Notes to the Financial Statements

1. General Information

Jefferson's Ice Cream Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10972088 . The registered office is 191b Balham High Road, London, SW12 9BE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	16.66% Straight Line
Plant & Machinery	20% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Jefferson's Ice Cream Limited

Notes to the Financial Statements (continued)

For The Year Ended 1 September 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2023: 18)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 4 September 2023	283,556	56,359	73,360	878	414,153
Additions	5,121	4,384	202	541	10,248
Disposals	-	(447 )	-	(168 )	(615 )

As at 1 September 2024	288,677	60,296	73,562	1,251	423,786

Depreciation
As at 4 September 2023	222,876	53,690	68,968	561	346,095
Provided during the period	44,974	1,429	868	106	47,377
Disposals	-	(109 )	-	(4 )	(113 )

As at 1 September 2024	267,850	55,010	69,836	663	393,359

Net Book Value
As at 1 September 2024	20,827	5,286	3,726	588	30,427

As at 4 September 2023	60,680	2,669	4,392	317	68,058

5. Stocks

	2024	2023
	£	£
Stock	8,278	11,481

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	355	-
Other debtors	24,871	27,485

	25,226	27,485

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8,311	14,626
Bank loans and overdrafts	5,436	5,292
Amounts owed to group undertakings	77,045	32,004
Other creditors	222,037	264,806
Taxation and social security	6,623	8,736

	319,452	325,464

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Jefferson's Ice Cream Limited

Notes to the Financial Statements (continued)

For The Year Ended 1 September 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	28,302	33,738
Other creditors	244,152	209,456

	272,454	243,194

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	30,000	30,000
Later than one year and not later than five years	97,500	127,500

	127,500	157,500

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