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Registration number: 3374307

Icy Water Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Icy Water Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Icy Water Ltd

Company Information

Director | A Thorburn

Company secretary | M M McKenna

Registered office | Chestnut End Leddington Ledbury Herefordshire HR8 2LG

Accountants | R M Willgoose Chartered AccountantChestnut End Leddington Ledbury Herefordshire HR8 2LG

Icy Water Ltd

(Registration number: 3374307)
Balance Sheet as at 31 May 2025

| Note | 31 May 2025 £ | 31 May 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 502 | 669
Current assets |  |  |
Debtors | 5 | 5,092 | 8,781
Cash at bank and in hand |  | 20,237 | 16,210
|  | 25,329 | 24,991
Creditors: Amounts falling due within one year | 6 | (20,935) | (23,478)
Net current assets |  | 4,394 | 1,513
Net assets |  | 4,896 | 2,182
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Retained earnings |  | 4,895 | 2,181
Shareholders' funds |  | 4,896 | 2,182

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 January 2026

......................................... A Thorburn Director

Icy Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chestnut End
Leddington
Ledbury
Herefordshire
HR8 2LG

The principal place of business is:
19 Aughintober Road
Edenacrannon
Dungannon
BT70 3AE

These financial statements were authorised for issue by the director on 5 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Icy Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% reducing balance basis
Office equipment | 25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Icy Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 14,027 | 14,027
At 31 May 2025 | 14,027 | 14,027
Depreciation
At 1 June 2024 | 13,358 | 13,358
Charge for the year | 167 | 167
At 31 May 2025 | 13,525 | 13,525
Carrying amount
At 31 May 2025 | 502 | 502
At 31 May 2024 | 669 | 669

5 | Debtors

Current | 31 May 2025 £ | 31 May 2024 £
Trade debtors | 4,320 | 8,640
Other debtors | 772 | 141
| 5,092 | 8,781

Icy Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Creditors

Creditors: amounts falling due within one year

| 31 May 2025 £ | 31 May 2024 £
Due within one year |  |
Taxation and social security | 779 | 2,845
Accruals and deferred income | 1,434 | 1,434
Other creditors | 18,722 | 19,199
| 20,935 | 23,478

Other creditors include £18,722 (2024 - £17,705) in respect of a director loan account. The loan is interest free and there are no terms as to repayment.

Creditors: amounts falling due after more than one year

| 31 May 2025 £ | 31 May 2024 £

Creditors include convertible debt of £xx (2024 - £xx).

7 | Share capital

Allotted, called up and fully paid shares

| 31 May 2025 | 31 May 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

8 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 11,667 | 20,000