REGISTERED NUMBER: 04785923 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Coronato Ices Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Coronato

Mrs C Coronato

SECRETARY:

Mrs C Coronato

REGISTERED OFFICE:

4 Yorke Street

Hucknall

Nottinghamshire

NG15 7BT

REGISTERED NUMBER:

04785923 (England and Wales)

ACCOUNTANTS:

Smith Cookson

Chartered Accountants

4 Yorke Street

Hucknall

Nottinghamshire

NG15 7BT

BANKERS:

National Westminster Bank

134 Front Street

Arnold

Nottinghamshire

NG5 7BF

FIXED ASSETS

Intangible assets

4

5,470

5,470

Tangible assets

5

649,949

556,505

655,419

561,975

CURRENT ASSETS

Stocks

24,000

20,000

Debtors

6

234,650

182,701

Cash at bank and in hand

7,498

1,857

266,148

204,558

CREDITORS

Amounts falling due within one year

7

724,863

617,765

NET CURRENT LIABILITIES

(458,715

)

(413,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196,704

148,768

CREDITORS

Amounts falling due after more than one year

8

54,083

6,390

NET ASSETS

142,621

142,378

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

142,619

142,376

SHAREHOLDERS' FUNDS

142,621

142,378

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 29 September 2025 and were signed on its behalf by:

A L Coronato - Director

1.	STATUTORY INFORMATION

Coronato Ices 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

10,000

5,470

15,470

AMORTISATION

At 1 January 2024

and 31 December 2024

10,000

-

10,000

NET BOOK VALUE

At 31 December 2024

-

5,470

5,470

At 31 December 2023

-

5,470

5,470

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

312,162

91,452

343,518

6,400

753,532

Additions

-

-

376,881

-

376,881

Disposals

-

-

(251,342

)

-

(251,342

)

At 31 December 2024

312,162

91,452

469,057

6,400

879,071

DEPRECIATION

At 1 January 2024

14,000

82,180

94,447

6,400

197,027

Charge for year

2,000

1,854

86,595

-

90,449

Eliminated on disposal

-

-

(58,354

)

-

(58,354

)

At 31 December 2024

16,000

84,034

122,688

6,400

229,122

NET BOOK VALUE

At 31 December 2024

296,162

7,418

346,369

-

649,949

At 31 December 2023

298,162

9,272

249,071

-

556,505

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

95,000

102,000

Amounts owed by associates

88,000

-

Other debtors

24,371

24,371

VAT

1,199

-

Accrued income

-

21,560

Payment in advance

20,000

33,895

Prepayments

6,080

875

234,650

182,701

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

63,667

14,807

Hire purchase contracts

7,662

11,206

Trade creditors

45,598

101,570

Social security and other taxes

1,745

305

VAT

-

4,064

Other creditors

1,914

3,044

Directors' current accounts

601,382

396,901

Accrued expenses

2,895

85,868

724,863

617,765

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

23,703

-

Bank loans to be repaid

between 2 & 5 years by

instalments

30,380

-

Hire purchase contracts

-

6,390

54,083

6,390

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

51,815

4,148

Bank loans

65,935

10,659

Hire purchase contracts

7,662

17,596

125,412

32,403