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REGISTERED NUMBER: 04159984 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Islandwide Carpets Limited

Islandwide Carpets Limited (Registered number: 04159984)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Islandwide Carpets Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: Mr J Keyworth
Mr M R Keyworth
Mr J Keyworth



SECRETARY:



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 04159984 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: HSBC
38 Union Street
Ryde
Isle of Wight
PO33 2LJ

Islandwide Carpets Limited (Registered number: 04159984)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £   
CURRENT ASSETS
Debtors 4 25,656 23,875
Cash at bank 4,166 41,458
29,822 65,333
CREDITORS
Amounts falling due within one year 5 3,928 28,205
NET CURRENT ASSETS 25,894 37,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,894

37,128

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,892 37,126
SHAREHOLDERS' FUNDS 25,894 37,128

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 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 13 November 2018 and were signed on its behalf by:





Mr J Keyworth - Director


Islandwide Carpets Limited (Registered number: 04159984)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Islandwide Carpets 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.

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 9 (2017 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors - 23,515
Other debtors 25,656 360
25,656 23,875

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Taxation and social security 3,458 12,674
Other creditors 470 15,531
3,928 28,205

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and 28 February 2017:

28.2.18 28.2.17
£    £   
Mr J Keyworth
Balance outstanding at start of year (15,061 ) (4,261 )
Amounts advanced 55,685 -
Amounts repaid (14,968 ) (10,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,656 (15,061 )

We have been advised that the Directors Loan balance will be repaid before 30th November 2018.