REGISTERED NUMBER: 07999606

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FROSTY HIRE & SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Artimadis

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

07999606

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

5,650,280

5,075,746

CURRENT ASSETS

Stocks

5

1,071,625

1,003,625

Debtors

6

470,769

482,687

Cash at bank and in hand

32,288

2,538

1,574,682

1,488,850

CREDITORS

Amounts falling due within one year

7

2,180,054

2,107,342

NET CURRENT LIABILITIES

(605,372

)

(618,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,044,908

4,457,254

CREDITORS

Amounts falling due after more than one year

8

4,274,162

3,830,075

NET ASSETS

770,746

627,179

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

770,745

627,178

SHAREHOLDERS' FUNDS

770,746

627,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:

Mr G Artimadis - Director

1.	STATUTORY INFORMATION

Frosty Hire & Sales Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Fixtures, fittings & equipment

-

20% on reducing balance

Motor vehicles

-

20% 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 April 2024

19,568

7,040,344

7,059,912

Additions

3,310

1,908,755

1,912,065

Disposals

-

(739,461

)

(739,461

)

At 31 March 2025

22,878

8,209,638

8,232,516

DEPRECIATION

At 1 April 2024

11,363

1,972,803

1,984,166

Charge for year

1,886

982,600

984,486

Eliminated on disposal

-

(386,416

)

(386,416

)

At 31 March 2025

13,249

2,568,987

2,582,236

NET BOOK VALUE

At 31 March 2025

9,629

5,640,651

5,650,280

At 31 March 2024

8,205

5,067,541

5,075,746

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

1,071,625

1,003,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

41,331

296,562

Other debtors

18,866

12,898

Rent deposit Held

10,800

10,800

Accrued income

306,108

105,836

Prepayments

93,664

56,591

470,769

482,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

40,231

53,869

Hire purchase contracts

1,404,519

1,342,600

Trade creditors

254,008

419,778

Social security and other taxes

130,480

99,539

Net wages

-

5,703

VAT

32,131

31,348

Other creditors

276,470

100,654

Pension control

-

469

Directors' current accounts

13,181

42,682

Deferred income

14,995

1,700

Accrued expenses

14,039

9,000

2,180,054

2,107,342

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

4,274,162

3,830,075

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

40,231

53,869

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary shares

1

1

1