REGISTERED NUMBER: 04825622 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

BREAK THE ICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J D Thomas

REGISTERED OFFICE:

727 Capability Green

Luton

Beds

LU1 3LU

REGISTERED NUMBER:

04825622 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

3,005

3,832

CURRENT ASSETS

Stocks

5

171,898

251,128

Debtors

6

201,635

135,677

Cash at bank and in hand

20,138

80,784

393,671

467,589

CREDITORS

Amounts falling due within one year

7

96,615

114,736

NET CURRENT ASSETS

297,056

352,853

TOTAL ASSETS LESS CURRENT LIABILITIES

300,061

356,685

CREDITORS

Amounts falling due after more than one year

8

(40,600

)

(12,500

)

PROVISIONS FOR LIABILITIES

(281

)

-

NET ASSETS

259,180

344,185

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

259,080

344,085

SHAREHOLDERS' FUNDS

259,180

344,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 17 April 2026 and were signed by:

Mr J D Thomas - Director

1.	STATUTORY INFORMATION

Break The Ice Limited 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.

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.

Plant and machinery

-

10% on cost

Office equipment

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

14,427

5,583

20,010

DEPRECIATION

At 1 February 2025

11,136

5,042

16,178

Charge for year

692

135

827

At 31 January 2026

11,828

5,177

17,005

NET BOOK VALUE

At 31 January 2026

2,599

406

3,005

At 31 January 2025

3,291

541

3,832

5.

STOCKS

2026

2025

£

£

Stocks

171,898

251,128

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

176,899

119,819

Corporation tax

12,282

-

VAT

-

2,474

Deferred tax asset

-

987

Prepayments

12,454

12,397

201,635

135,677

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

63,703

58,809

Trade creditors

11,567

11,546

Corporation tax

-

13,842

Taxation and social security

4,821

4,723

VAT

5,358

-

Other creditors

6,551

8,799

Director's loan account

39

13,050

Accruals and deferred income

4,576

3,967

96,615

114,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

40,600

12,500

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

27,750

27,667

Between one and five years

16,188

43,938

43,938

71,605

10.	SECURED DEBTS

Break The Ice Limited have entered into a debenture with Hitsubishi HC Capital UK PLC. The debenture included a fixed first charge over and floating charge all the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

51

A Ordinary

£1

51

51

24

B Ordinary

£1

24

24

24

C Ordinary

£1

24

24

1

D Ordinary

£1

1

1

100

100

All shares rank parri-passu save that each class has the right to receive dividends payable to that class of share only.

12.

RESERVES

Retained

earnings

£

At 1 February 2025

344,085

Deficit for the year

(35,713

)

Dividends

(49,292

)

At 31 January 2026

259,080

13.	ULTIMATE CONTROLLING PARTY

Mr S M Abraham controls the company by virtue of his shareholding.