IRIS Accounts Production v25.1.3.33 02200715 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022007152023-12-31022007152024-12-31022007152024-01-012024-12-31022007152022-12-31022007152023-01-012023-12-31022007152023-12-3102200715ns15:EnglandWales2024-01-012024-12-3102200715ns14:PoundSterling2024-01-012024-12-3102200715ns10:Director12024-01-012024-12-3102200715ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102200715ns10:SmallEntities2024-01-012024-12-3102200715ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3102200715ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102200715ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102200715ns10:FullAccounts2024-01-012024-12-3102200715ns10:Director22024-01-012024-12-3102200715ns10:Director32024-01-012024-12-3102200715ns10:CompanySecretary12024-01-012024-12-3102200715ns10:RegisteredOffice2024-01-012024-12-3102200715ns5:CurrentFinancialInstruments2024-12-3102200715ns5:CurrentFinancialInstruments2023-12-3102200715ns5:ShareCapital2024-12-3102200715ns5:ShareCapital2023-12-3102200715ns5:RetainedEarningsAccumulatedLosses2024-12-3102200715ns5:RetainedEarningsAccumulatedLosses2023-12-3102200715ns5:PlantMachinery2024-01-012024-12-3102200715ns5:PlantMachinery2023-12-3102200715ns5:PlantMachinery2024-12-3102200715ns5:PlantMachinery2023-12-3102200715ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102200715ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 02200715 (England and Wales)
















































Financial Statements

for the Year Ended 31 December 2024

for

Icefree Sapphire Limited

Icefree Sapphire Limited (Registered number: 02200715)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Icefree Sapphire Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D Heath
S Heath
G Wright





SECRETARY: D Heath





REGISTERED OFFICE: Unit 8
Transfer Bridge Industrial Estate
County Road
Swindon
Wiltshire
SN1 2HW





REGISTERED NUMBER: 02200715 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Icefree Sapphire Limited (Registered number: 02200715)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,973 3,854

CURRENT ASSETS
Stocks 44,742 47,753
Debtors 5 60,962 78,763
Cash at bank 2,113 45,844
107,817 172,360
CREDITORS
Amounts falling due within one year 6 91,359 113,787
NET CURRENT ASSETS 16,458 58,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,431

62,427

PROVISIONS FOR LIABILITIES 743 963
NET ASSETS 18,688 61,464

CAPITAL AND RESERVES
Called up share capital 1,400 1,400
Retained earnings 17,288 60,064
SHAREHOLDERS' FUNDS 18,688 61,464

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:



D Heath - Director


Icefree Sapphire Limited (Registered number: 02200715)

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

1. STATUTORY INFORMATION

Icefree Sapphire 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company makes contributions to Icefree Retirement Benefits Scheme which operates on a money purchase basis for the purpose of providing retirement and death benefits for the directors and other employees.Regular contributions are recognised on an accruals basis and special contributions are recognised in the period in which they occur.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

Icefree Sapphire Limited (Registered number: 02200715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 22,166
DEPRECIATION
At 1 January 2024 18,312
Charge for year 881
At 31 December 2024 19,193
NET BOOK VALUE
At 31 December 2024 2,973
At 31 December 2023 3,854

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 57,712 78,763
Other debtors 3,250 -
60,962 78,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 24,120 27,841
Amounts owed to group undertakings 18,407 18,442
Other creditors 48,832 67,504
91,359 113,787

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is GSD Swift Ltd.

Registered in England and Wales
Registered Office: The Old Post Office, 41-43 The Market Place, Chippenham SN15 3HR