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REGISTERED NUMBER: 04805086 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

FREDERICK'S ICE CREAM LIMITED

FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREDERICK'S ICE CREAM LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mrs E Federici
Mrs R Rooney
Mrs D L Townson
Mr A L Federici



SECRETARY: Mrs R Rooney



REGISTERED OFFICE: Bolton Road Dairies
Heath Charnock
Chorley
Lancashire
PR7 4AL



REGISTERED NUMBER: 04805086 (England and Wales)



ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE



BANKERS: Royal Bank of Scotland plc
Chorley Branch
56 Market Street
Chorley
Lancashire
PR7 2SD

FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,382 166,577

CURRENT ASSETS
Stocks 65,916 66,370
Debtors 5 94,005 122,310
Cash at bank and in hand 246,591 266,006
406,512 454,686
CREDITORS
Amounts falling due within one year 6 118,897 169,054
NET CURRENT ASSETS 287,615 285,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,997

452,209

PROVISIONS FOR LIABILITIES 34,457 35,991
NET ASSETS 398,540 416,218

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 398,440 416,118
SHAREHOLDERS' FUNDS 398,540 416,218

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

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

FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 21st July 2025 and were signed on its behalf by:




Mr A L Federici - Director Mrs R Rooney - Director




Mrs E Federici - Director Mrs D L Townson - Director


FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Frederick's Ice Cream 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.

Revenue recognition
Revenue represents the value of goods and services, net of value added tax, provided to customers. Revenue is recognised when the following conditions are satisfied:

- the benefits of the services passes to the customers,
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)

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

2. ACCOUNTING POLICIES - continued
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 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 57 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2023 329,207 212,474 137,806 679,487
Additions 5,660 13,528 12,700 31,888
Disposals - - (8,700 ) (8,700 )
At 31st October 2024 334,867 226,002 141,806 702,675
DEPRECIATION
At 1st November 2023 252,912 175,134 84,864 512,910
Charge for year 19,604 11,293 13,486 44,383
At 31st October 2024 272,516 186,427 98,350 557,293
NET BOOK VALUE
At 31st October 2024 62,351 39,575 43,456 145,382
At 31st October 2023 76,295 37,340 52,942 166,577

FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 5,754 9,884
Other debtors 34,248 34,682
Directors' current accounts 50,508 65,910
Prepayments 3,495 11,834
94,005 122,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 9,293 21,030
Tax 63,726 65,268
Social security and other taxes 38,128 49,115
Other creditors 4,625 27,406
Accrued expenses 3,125 6,235
118,897 169,054

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 20,000 20,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

31.10.24 31.10.23
£    £   
Mr A Federici and Mrs E Federici
Balance outstanding at start of year 65,910 -
Amounts advanced - 152,910
Amounts repaid (15,402 ) (87,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,508 65,910

FREDERICK'S ICE CREAM LIMITED (REGISTERED NUMBER: 04805086)

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

10. RELATED PARTY DISCLOSURES

At the year end, Mr and Mrs Federici owed £50,508 to the company (2023 - £65,910). Interest has been charged by the company in respect of this loan at 2.25% per annum.

11. CONTROLLING PARTY

During the current year, Mr and Mrs Federici - directors, have controlled the company by virtue of holding 70% of the issued share capital.