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REGISTERED NUMBER: 05822057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TAYWELL ICE CREAMS LIMITED

TAYWELL ICE CREAMS LIMITED (REGISTERED NUMBER: 05822057)






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


TAYWELL ICE CREAMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: R J Turney





REGISTERED OFFICE: Forstal House
Paddock Wood
Tonbridge
Kent
TN12 6PY





REGISTERED NUMBER: 05822057 (England and Wales)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

TAYWELL ICE CREAMS LIMITED (REGISTERED NUMBER: 05822057)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 99,370 125,064

CURRENT ASSETS
Stocks 104,380 104,380
Debtors 5 363,636 352,631
Cash at bank 4,288 4,738
472,304 461,749
CREDITORS
Amounts falling due within one year 6 113,542 117,489
NET CURRENT ASSETS 358,762 344,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,132

469,324

CREDITORS
Amounts falling due after more than one year 7 45,406 72,582
NET ASSETS 412,726 396,742

CAPITAL AND RESERVES
Called up share capital 1,010,000 1,010,000
Retained earnings (597,274 ) (613,258 )
412,726 396,742

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 director acknowledges his 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.

TAYWELL ICE CREAMS LIMITED (REGISTERED NUMBER: 05822057)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2025 and were signed by:





R J Turney - Director


TAYWELL ICE CREAMS LIMITED (REGISTERED NUMBER: 05822057)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Taywell Ice Creams 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, at varying rates on cost and at variable rates on reducing balance

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 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.

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.

TAYWELL ICE CREAMS LIMITED (REGISTERED NUMBER: 05822057)

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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 487,591
Additions 6,306
At 31 October 2024 493,897
DEPRECIATION
At 1 November 2023 362,527
Charge for year 32,000
At 31 October 2024 394,527
NET BOOK VALUE
At 31 October 2024 99,370
At 31 October 2023 125,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 85,960 76,699
Other debtors 277,676 275,932
363,636 352,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 8,574 14,536
Trade creditors 62,044 54,758
Taxation and social security 7,404 14,903
Other creditors 35,520 33,292
113,542 117,489

TAYWELL ICE CREAMS LIMITED (REGISTERED NUMBER: 05822057)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 35,768 52,013
Hire purchase contracts 9,638 20,569
45,406 72,582

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R J Turney.

9. DEFERRED TAX ASSET

At the balance sheet date the company had accumulated tax losses of £1,508,284 (2023 - £1,552,941) and accelerated capital allowances claims of £95,879 (2023 - £120,806).

Deferred tax has been accounted for on the net value of these amounts at the small profits corporation tax rate of 19%. This gives rise to a deferred tax asset of £268,357 (2023 - £272,104).