JACKS GELATO LIMITED


Director	VAN PRAAG, Jack


Registered Address	Manor Form Manor Farm Road
	Girton
	Cambridge
	CB3 0RX


Registered Number	12481791 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets			224,357		262,918
Tangible assets			342,541		271,478
			566,898		534,396
Current assets
Stocks	3	103,702		36,405
Debtors	4	115,248		105,151
Cash at bank and on hand		284,642		572,250
		503,592		713,806
Creditors amounts falling due within one year	5	(163,742)		(242,173)
Net current assets (liabilities)			339,850		471,633
Total assets less current liabilities			906,748		1,006,029
Creditors amounts falling due after one year	6		(79,527)		(292,038)
Net assets			827,221		713,991
Capital and reserves
Called up share capital			1		1
Profit and loss account			827,220		713,990
Shareholders' funds			827,221		713,991

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 December 2025, and are signed on its behalf by:

VAN PRAAG, Jack
Director
Registered Company No. 12481791

JACKS GELATO LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill on the balance sheet is written down on a straight line basis for the period of 10 years.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Related parties
	Mr Jack Van Praag is the director and sole shareholder of Jack's Gelato Ltd, The Scoop Shop Ltd and The Scoop Counter Ltd. The balance sheet for the year ended 31st December contains transactions wth those companies.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		4

3.	Stocks

	2024	2023
	£	£
Raw materials and consumables	103,702	36,405
Total	103,702	36,405

4.	Debtors: amounts due after one year
	At the year end date Debtors contain the following figures: Employee Loan £ 65826 (2023 £68,477). Interest is applied to his loan balance at prevailing Bank Of England interest rates. Intercompany balance with The Scoop Shop Ltd £13,579 (2023 £50,328) The balances arise from normal intercompany transactions.

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	29,619	40,956
Taxation and social security	56,593	97,778
Other creditors	68,629	100,403
Accrued liabilities and deferred income	8,901	3,036
Total	163,742	242,173


	At the year end date the creditors balance contained the following balances: A short term loan of £45000 ( 2023 £Nil ) from the Scoop Shop Ltd. The loan was repaid on the 30th September 2025. There are Goverment Grants totalling £79,196 (2023 £91,712 ) The grants are being written off over terms of 10 years. During the year the Director Mr Jack Van Praag had a current account with the company in the sum of £330.00 (2023 £200,325)

At the year end date the creditors balance contained the following balances:

A short term loan of £45000 ( 2023 £Nil ) from the Scoop Shop Ltd. The loan was repaid on the 30th September 2025.
There are Goverment Grants totalling £79,196 (2023 £91,712 ) The grants are being written off over terms of 10 years.

During the year the Director Mr Jack Van Praag had a current account with the company in the sum of £330.00 (2023 £200,325)

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	330	200,325
Other creditors	79,197	91,713
Total	79,527	292,038