Blue Ice Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03395571 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Blue Ice Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J P Turner

R M Fitzpatrick

Mrs S E Johnson

SECRETARY:

J P Turner

REGISTERED OFFICE:

Low House

Saw Mill Lane

Addingham

Ilkley

West Yorkshire

LS29 0ST

REGISTERED NUMBER:

03395571 (England and Wales)

ACCOUNTANTS:

Baker Fox Limited

Chartered Accountants

Owl Cotes Barn

Low Lane

Cowling

Keighley

West Yorkshire

BD22 0LE

The following reproduces the text of the report prepared for the directors and members in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Blue Ice Limited for the year ended 30 June 2017 which comprise the Income Statement, Balance Sheet and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Blue Ice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Ice Limited and state those matters that we have agreed to state to the Board of Directors of Blue Ice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Ice Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blue Ice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Ice Limited. You consider that Blue Ice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blue Ice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Baker Fox Limited

Chartered Accountants

Owl Cotes Barn

Low Lane

Cowling

Keighley

West Yorkshire

BD22 0LE

18 July 2017

FIXED ASSETS

Tangible assets

4

6,148

8,215

Investments

5

50

50

6,198

8,265

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

6

25,000

89,682

Investments

7

10,010

10,010

Cash at bank

18,096

69,560

73,106

189,252

CREDITORS

Amounts falling due within one year

8

11,295

23,686

NET CURRENT ASSETS

61,811

165,566

TOTAL ASSETS LESS CURRENT LIABILITIES

68,009

173,831

PROVISIONS FOR LIABILITIES

1,168

1,643

NET ASSETS

66,841

172,188

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

65,841

171,188

SHAREHOLDERS' FUNDS

66,841

172,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 July 2017 and were signed on its behalf by:

J P Turner - Director

1.	STATUTORY INFORMATION

Blue 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

18,783

DEPRECIATION

At 1 July 2016

10,568

Charge for year

2,067

At 30 June 2017

12,635

NET BOOK VALUE

At 30 June 2017

6,148

At 30 June 2016

8,215

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 July 2016

and 30 June 2017

50

NET BOOK VALUE

At 30 June 2017

50

At 30 June 2016

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

25,000

89,682

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

10,010

10,010

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

6,169

18,706

Other creditors

5,126

4,980

11,295

23,686

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £135,000 (2016 - £170,000) were paid to the directors .

During the year the company charged management fees of £15,422 (2016: £23,568) to Turner Commercial

Developments Ltd, an associate and £nil (2016: £74,682) to Keighley Properties Limited and £6,625 (2016: £nil) to

Dalton Lane Properties Limited, both wholly owned subsidiaries of that company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JP Turner.