2024-02-01 2025-01-31 07842881 Nauti But Ice Limited false 07842881 2024-02-01 2025-01-31 07842881 uk-bus:Director1 2024-02-01 2025-01-31 07842881 uk-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07842881 uk-bus:SmallEntities 2024-02-01 2025-01-31 07842881 uk-bus:FullAccounts 2024-02-01 2025-01-31 07842881 uk-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07842881 2024-02-01 07842881 2025-01-31 07842881 2024-01-31 xbrli:pure iso4217:GBP 07842881 2023-02-01 2024-01-31
Company Registration Number : 07842881 (England and Wales)
07842881
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-01-31
false
Nauti But Ice Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-02-01
Nauti But Ice Limited
Unaudited filleted financial statements
For the year ended 31 January 2025
Nauti But Ice Limited
Contents
For the year ended 31 January 2025
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 8


Nauti But Ice Limited
Company Information
For the year ended 31 January 2025
Company registration number 07842881 (England and Wales)
Directors Mr D J Page
Mrs L A Page
Registered office address Morvah
Shrubberies Hill, Porthleven
Helston
Cornwall
TR13 9BJ
Trading office address Commercial Road
Porthleven
Helston
Cornwall
TR13 9JD
Accountant Kitchen and Brown Accountants Ltd
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Nauti But Ice Limited
Statement of Financial Position
For the year ended 31 January 2025
2025 2024
Notes £ £
Fixed assets
Intangible assets 235,849 290,306
Property, plant and equipment 77,642 99,347
313,491 389,653
Current assets
Inventories 6 2,500 2,500
Debtors 7 53,472 57,970
Cash and cash equivalents 707,918 672,952
763,889 733,422
Current liabilities
Creditors: Amounts falling due within one year 8 (103,628) (87,436)
Corporation tax payable (37,603) (28,054)
(141,231) (115,490)
Net current assets/(liabilities) 622,658 617,932
Total assets less current liabilities 936,149 1,007,584
Non-current liabilities
Creditors: Amounts falling due after more than one year 9 - (79,399)
Provisions for liabilities 10 (16,500) (21,000)
Net assets/(liabilities) 919,649 907,185
Capital and reserves
Called up share capital 11 100 100
Retained earnings 919,549 907,085
Shareholder's funds 919,649 907,185
For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2025 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 October 2025
.............................
Mr D J Page (Director)
Company registration number: 07842881
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2025-01-31 31 January 2025
2025 2024
£ £
Fixed Assets 313,491 389,653
Current Assets 751,989 719,014
Prepayments and accrued income 11,900 14,408
Creditors: amounts falling due within one year (141,231) (115,490)
Net current assets/(liabilities) 622,658 617,932
Total assets less current liabilities 936,149 1,007,584
CREDITORS: Amounts falling due more than one year 0 (79,399)
Provisions for liabilities (16,500) (21,000)
Net Assets/(liabilities) 919,649 907,185
Capital and Reserves 919,649 907,185
For the year ending 31/01/2025 the company was entitled to exemption 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. For the year ending 31-01-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 31 October 2025 2025-10-31 and signed on behalf of the board,
.............................
Mr D J Page
Director
Company registration number: 07842881
Nauti But Ice Limited
Notes to the Financial Statements
For the year ended 31 January 2025
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. Registration number 07842881. The address of the registered office is Morvah, Shrubberies Hill, Porthleven, Helston, Cornwall, TR13 9BJ.

(2) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the FRS 102 Section 1A Small Entities ­- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the the Companies Act 2006.

The presentation and functional currency of the company is the pound sterling. The financial statements are presented in sterling pound (£) unless stated otherwise.
Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Other income includes grants receivable. These are differentiated as either revenue or capital in nature. Revenue grants are recognised when receivable to match the corresponding expenditure. Local Government grants are treated as deferred credits and credited to the profit and loss account over the remaining period of the lease where they relate to leasehold property improvements.
Intangible fixed assets
Positive purchased goodwill arising on acquisition is capitalised, classified as an asset on the balance sheet and amortised
over its estimated useful life up to a maximum of 20 years. The length of time is presumed to be the maximum useful life of
purchased goodwill because it is difficult to make projections beyond this period. Goodwill was reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.
Tangible Fixed Assets and Depreciation
At each reporting date the company reviews the carrying value of its assets to determine whether there is any indication that
those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. Where the recoverable amount of an asset is less than the carrying amount, an impairment loss is recognised immediately in the Profit and Loss Account. Impairment losses are reversed in a subsequent period if, and only if, the reasons for the impairment loss have ceased to apply.

Depreciation over the period of the lease is applied to Leasehold property and improvements.
Asset class and depreciation rate
Land and Buildings
Plant and Machinery20% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings20% reducing balance
Equipment25% reducing balance
Motor Cars
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items
Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 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.
Pensions
The company operates two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

(3) Employees
During the year, the average number of employees including director was 27 (2024 : 26).

(4) Intangible fixed assets
Goodwill
£
Cost
As at 01 February 2024725,766
As at 31 January 2025725,766
Amortisation
As at 01 February 2024435,460
For the year54,457
As at 31 January 2025489,917
Net book value
As at 31 January 2025235,849
As at 31 January 2024290,306

(5) Tangible fixed assets
Leasehold PropertiesPlant and MachineryFixtures and FittingsEquipmentTotals
£££££
Cost
As at 01 February 202466,515122,90889,3137,802286,538
Additions-1,0441,6961082,848
Disposals-(17,149)-(1,353)(18,502)
As at 31 January 202566,515106,80391,0096,557270,884
Depreciation
As at 01 February 202445,52474,34563,1064,219187,194
For the year6,2359,2975,31787321,722
Write off on disposals-(14,463)-(1,209)(15,672)
As at 31 January 202551,75969,17968,4233,883193,244
Net book value
As at 31 January 202514,75737,62522,5862,67477,640
As at 31 January 202420,99148,56326,2073,58399,344

(6) Inventories
2025 2024
£ £
Stock 2,500 2,500
2,500 2,500

(7) Debtors
Amounts falling due within one year
2025 2024
£ £
Trade debtors 2,602 1,413
Other debtors 38,970 42,150
Prepayments and accrued income 11,900 14,408
53,472 57,970

(8) Creditors: Amounts falling due within one year
2025 2024
£ £
Trade creditors 38,969 19,962
Bank loans and overdrafts - 6,899
Other taxes and social security 33,471 29,767
Other creditors 25,076 24,967
Accruals and deferred income 6,113 5,841
103,629 87,436

(9) Creditors: Amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts - 79,399
- 79,399

(10) Provision for liabilities
2025 2024
£ £
Other provisions 16,500 21,000
16,500 21,000

(11) Share capital and reserves
Alloted, called up and fully paid: 2025 2024
£ £
100 (2024 : 100) Ordinary of £ 1 each100100
100 100
Retained earnings 2025
£
At 1 February 2024 907,085
Profit of the year 72,464
Dividends paid (60,000)
At 31 January 2025 919,549
Retained earnings
Called up and fully paid:
Retained earnings 2025
£
At 1 February 2024 907,085
Profit of the year 72,464
Dividends paid (60,000)
At 31 January 2025 919,549

(12) Other Commitment
At 31 January 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £147,426 (2024 : £196,882).

(13) Related party transactions
During the year, remuneration amounting to £18,192 (2024 : £18,066) was paid to directors, Mr D J and Mrs L A Page.

(14) Directors advances, credit and guarantees
Included within other debtors are the following loans advanced to directors:
Mr David Page £15,488 (2024 : £17,078)
Mrs Lucy Page £15,488 (2024 : £17,078)
Further advances of £834 in aggregate were made to each director during the year.
Repayments of £2,424 were received from each director.
Interest has been charged on the loans at the official rate.

(15) Secured Creditors
As at 31 January 2025, the Company had no bank loans (2024 :­ £86,298) that were secured by fixed and floating charges, a debenture over the company assets, the director's home and a personal guarantee from the directors.

(16) Goodwill
Goodwill was initially purchased in connection with the acquisition of a business in 2012. Further goodwill was purchased on 7 January 2019 in connection with the acquisition of the business known as Lakeside Cafe.