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Registered number: 07571432
Brand Ice Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harris & Company (C.A.) Limited
Brand Ice Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Brand Ice Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 07571432

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 27,898 |  | 34,116
Tangible Assets | 5 |  | 1,156,849 |  | 1,058,310
|  |  | 1,184,747 |  | 1,092,426
CURRENT ASSETS
Stocks | 6 | 37,508 |  | 37,896 |
Debtors | 7 | 348,066 |  | 301,703 |
Cash at bank and in hand |  | 65,187 |  | 230,665 |
|  | 450,761 |  | 570,264 |
Creditors: Amounts Falling Due Within One Year | 8 | (483,389 ) |  | (505,748 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (32,628 ) |  | 64,516
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,152,119 |  | 1,156,942
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (526,131 ) |  | (679,846 )
NET ASSETS |  |  | 625,988 |  | 477,096
CAPITAL AND RESERVES
Called up share capital | 12 |  | 214 |  | 214
Share premium account |  |  | 124,936 |  | 124,936
Profit and Loss Account |  |  | 500,838 |  | 351,946
SHAREHOLDERS' FUNDS |  |  | 625,988 |  | 477,096

Page 1
Page 2
Brand Ice Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Richard Elmer Director
13 November 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Brand Ice Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Brand Ice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07571432 . The registered office is 126-128 New Covent Garden Market, London, SW8 5EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Page 3
Page 4
Brand Ice Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website 20% straight line
2.5. Research and Development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 4%-10% straight line
Motor Vehicles | 25% straight line
Fixtures & Fittings | 6.7%-25% straight line

2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
Page 4
Page 5
Brand Ice Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets

| Goodwill | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 10,880 | 109,154 | 120,034
Additions | - | 6,730 | 6,730
As at 31 December 2024 | 10,880 | 115,884 | 126,764
Amortisation
As at 1 January 2024 | 10,880 | 75,038 | 85,918
Provided during the period | - | 12,948 | 12,948
As at 31 December 2024 | 10,880 | 87,986 | 98,866
Net Book Value
As at 31 December 2024 | - | 27,898 | 27,898
As at 1 January 2024 | - | 34,116 | 34,116

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 January 2024 | 349,829 | 257,502 | 867,104 | 1,474,435
Additions | 63,422 | 20,769 | 189,952 | 274,143
As at 31 December 2024 | 413,251 | 278,271 | 1,057,056 | 1,748,578
Depreciation
As at 1 January 2024 | 25,732 | 70,041 | 320,352 | 416,125
Provided during the period | 21,714 | 57,330 | 96,560 | 175,604
As at 31 December 2024 | 47,446 | 127,371 | 416,912 | 591,729
Net Book Value
As at 31 December 2024 | 365,805 | 150,900 | 640,144 | 1,156,849
As at 1 January 2024 | 324,097 | 187,461 | 546,752 | 1,058,310

6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Finished goods | 37,508 |  | 37,896

Page 5
Page 6
Brand Ice Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 214,788 |  | 185,916
Amounts owed by participating interests | 15,132 |  | -
Other debtors | 118,146 |  | 115,787
| 348,066 |  | 301,703

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 190,313 |  | 134,329
Trade creditors | 120,382 |  | 136,824
Bank loans and overdrafts | 20,000 |  | 20,000
Other creditors | 99,453 |  | 136,326
Taxation and social security | 53,241 |  | 78,269
| 483,389 |  | 505,748

9. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 325,136 |  | 417,983
Bank loans | 6,667 |  | 26,667
Amounts owed to participating interests | 75,500 |  | 50,000
Other creditors | 118,828 |  | 185,196
| 526,131 |  | 679,846

10. Loans
An analysis of the maturity of loans is given below:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 20,000 |  | 20,000

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 6,667 |  | 26,667

Page 6
Page 7
Brand Ice Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
11. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 190,313 |  | 134,329
Later than one year and not later than five years | 325,136 |  | 417,983
| 515,449 |  | 552,312
| 515,449 |  | 552,312

12. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 214 |  | 214

13. Related Party Disclosures
During the year, the Company has a loan from MI Global Limited. Mr R Elmer is a common director and shareholder of the two companies. The loan is bearing interest of 12% per annum and is repayable on demand. As at the year end date, the balance outstanding was £75,500.
Interest paid in 2024 was £6,000.
Page 7