REGISTERED NUMBER: 03494862 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Igloos Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Featherstone

L Neale

REGISTERED OFFICE:

Cherry Park

Ardeley

Stevenage

Hertfordshire

SG2 7AH

REGISTERED NUMBER:

03494862 (England and Wales)

ACCOUNTANTS:

Braceys Accountants Limited

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

FIXED ASSETS

Intangible assets

4

21,700

25,150

Tangible assets

5

762,662

784,378

784,362

809,528

CURRENT ASSETS

Stocks

6,000

7,200

Debtors

6

1,754,542

1,434,972

Cash at bank and in hand

164,349

192,811

1,924,891

1,634,983

CREDITORS

Amounts falling due within one year

7

1,551,197

1,463,369

NET CURRENT ASSETS

373,694

171,614

TOTAL ASSETS LESS CURRENT LIABILITIES

1,158,056

981,142

CREDITORS

Amounts falling due after more than one year

8

(155,632

)

(182,831

)

PROVISIONS FOR LIABILITIES

(155,365

)

(146,947

)

NET ASSETS

847,059

651,364

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

846,959

651,264

847,059

651,364

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

D Featherstone - Director

1.	STATUTORY INFORMATION

Igloos Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Amounts are rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Invoices are raised in advance for future events. The sale is deferred until the relevant period and labelled as prepaid sales within creditors.

Goodwill

Goodwill arising on the acquisition of any entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill is amortised over its useful life, on a straight line, basis of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, at varying rates on cost and Straight line over 10 years

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.

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.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Amounts not considered recoverable are written off to the profit and loss in the period in which the debt becomes bad or doubtful. Trade debtors are reviewed annually and recognised at transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

34,500

AMORTISATION

At 1 April 2024

9,350

Charge for year

3,450

At 31 March 2025

12,800

NET BOOK VALUE

At 31 March 2025

21,700

At 31 March 2024

25,150

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,815,429

Additions

210,118

Disposals

(95,205

)

At 31 March 2025

2,930,342

DEPRECIATION

At 1 April 2024

2,031,051

Charge for year

167,347

Eliminated on disposal

(30,718

)

At 31 March 2025

2,167,680

NET BOOK VALUE

At 31 March 2025

762,662

At 31 March 2024

784,378

Fixed assets include amounts on hire purchase with a net book value of £269,967 (2024: £236,085) and depreciation of £49,184 (2024: £26,768) charged in the year. The agreements are secured on the assets concerned.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

263,949

321,293

Amounts owed by group undertakings

13,628

13,009

Other debtors

1,476,965

1,100,670

1,754,542

1,434,972

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

76,062

60,261

Trade creditors

164,188

140,968

Taxation and social security

580,524

390,530

Other creditors

730,423

871,610

1,551,197

1,463,369

See security held for secured creditors.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

124,488

81,622

Other creditors

31,144

101,209

155,632

182,831

See security held for secured creditors.

9.	SECURED DEBTS

The company has hire purchase contracts. The amounts are secured on the assets held.

The total due within one year is £76,062 (2024: £60,261) and due in more than one year is £124,488 (2024: £81,622).

Loans comprise an amount owed to Asset Advantage totalling £101,209 (2024: £164,655) and this amount is secured on specific assets held by the company. The amount due within one year is £70,065 (2024: £63,456) and due in more than one year £31,144 (2024: £101,209).

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet, and due within one year is £90,094 (2024: £109,088). The leases expire in June 2026 and April 2028.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £652,453 (2024 471,103) by L Neale, £398,521 (2024: £304,839) by D Featherstone and £28,917 (2024: £19,800) by N Mawer, all Directors of the company. Interest is being charged at 2.25% per annum.

Oxbury property LLP, related by common ownership, owed the company £13,628 (2024: £13,009). There are no terms for repayment.