Icing Cabin Limited - Accounts to registrar (filleted) - small 18.2

Icing Cabin Limited - Accounts to registrar (filleted) - small 18.2

ICING CABIN LIMITED - Company Information

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REGISTERED NUMBER: 06862296 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

FOR

ICING CABIN LIMITED
ICING CABIN LIMITED (REGISTERED NUMBER: 06862296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ICING CABIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2021







DIRECTORS: Mr. S. Singleton
Mrs. L Singleton



REGISTERED OFFICE: 15 Waltham Road
GRIMSBY
DN33 2LY



REGISTERED NUMBER: 06862296 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: Co-operative Bank plc
PO Box 250
SKELMERSDALE
WN8 6WT
Page 1
ICING CABIN LIMITED (REGISTERED NUMBER: 06862296)

ABRIDGED BALANCE SHEET
31 JULY 2021

31.7.21 31.7.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,750 17,550
Tangible assets 5 50,643 60,544
60,393 78,094

CURRENT ASSETS
Stocks 30,000 24,500
Debtors 19,490 21,932
Cash at bank and in hand 144,754 66,500
194,244 112,932
CREDITORS
Amounts falling due within one year 159,377 117,840
NET CURRENT ASSETS/(LIABILITIES) 34,867 (4,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
95,260
73,186

CREDITORS
Amounts falling due after more than one
year
(44,057
)
(61,689
)

PROVISIONS FOR LIABILITIES (9,353 ) (11,176 )
NET ASSETS 41,850 321

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 2 2
Profit and loss account 41,848 319
SHAREHOLDERS' FUNDS 41,850 321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 notes form part of these financial statements

Page 2
ICING CABIN LIMITED (REGISTERED NUMBER: 06862296)

ABRIDGED BALANCE SHEET - continued
31 JULY 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2022 and were signed on its behalf by:





Mr. S. Singleton - Director


The notes form part of these financial statements

Page 3
ICING CABIN LIMITED (REGISTERED NUMBER: 06862296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021


1. STATUTORY INFORMATION

Icing Cabin 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.

Goodwill
Goodwill arising on the acquisition of businesses, represents the excess of the fair value of consideration over the fair value of identifiable assets and liabilities acquired.

Goodwill is amortised in equal instalments over its expected useful life which is estimated at ten years except where it has been identified as impaired in the period, in which case it is written down as appropriate.

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 - 20% Reducing Balance
Fixtures and fittings - 20% Reducing Balance
Motor vehicles - 25% Reducing Balance
Computer equipment - 33% Straight Line

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

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.


Page 4
ICING CABIN LIMITED (REGISTERED NUMBER: 06862296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021


2. ACCOUNTING POLICIES - continued
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.

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 24 (2020 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2020
and 31 July 2021 113,000
AMORTISATION
At 1 August 2020 95,450
Amortisation for year 7,800
At 31 July 2021 103,250
NET BOOK VALUE

At 31 July 2021 9,750
At 31 July 2020 17,550

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2020 142,339
Additions 3,484
At 31 July 2021 145,823
DEPRECIATION
At 1 August 2020 81,795
Charge for year 13,385
At 31 July 2021 95,180
NET BOOK VALUE
At 31 July 2021 50,643
At 31 July 2020 60,544

Page 5