License To Freeze Ltd- Steven License - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08903666 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

LICENSE TO FREEZE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P License

REGISTERED OFFICE:

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

REGISTERED NUMBER:

08903666 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

FIXED ASSETS

Tangible assets

4

12,553

10,361

CURRENT ASSETS

Stocks

8,113

6,713

Debtors

5

32,114

15,012

Cash at bank

20,814

318

61,041

22,043

CREDITORS

Amounts falling due within one year

6

58,070

33,308

NET CURRENT ASSETS/(LIABILITIES)

2,971

(11,265

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,524

(904

)

CREDITORS

Amounts falling due after more than one year

7

2,355

-

NET ASSETS/(LIABILITIES)

13,169

(904

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

13,069

(1,004

)

SHAREHOLDERS' FUNDS

13,169

(904

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 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 director on 15 November 2018 and were signed by:

S P License - Director

1.	STATUTORY INFORMATION

License To Freeze Ltd 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

13,815

Additions

6,378

At 28 February 2018

20,193

DEPRECIATION

At 1 March 2017

3,454

Charge for year

4,186

At 28 February 2018

7,640

NET BOOK VALUE

At 28 February 2018

12,553

At 28 February 2017

10,361

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

19,359

11,941

Other debtors

12,755

3,071

32,114

15,012

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

1,183

2,625

Trade creditors

11,784

11,863

Amounts owed to group undertakings

2,794

1,500

Taxation and social security

4,319

103

Other creditors

37,990

17,217

58,070

33,308

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

2,355

-

8.	ULTIMATE CONTROLLING PARTY