Company Registration No. 3002257 (England and Wales)
Islandwide Grounds maintenance Limited
Unaudited accounts
for the year ended 31 December 2023
Islandwide Grounds maintenance Limited
Unaudited accounts
Contents
Islandwide Grounds maintenance Limited
Company Information
for the year ended 31 December 2023
Company Number
3002257 (England and Wales)
Registered Office
1 LEE BRICKYARD COTTAGE
MAIN ROAD, BOULDNOR
YARMOUTH
ISLE OF WIGHT
PO41 0XN
Accountants
J C Tax & Accounts Services
Holmleigh
Colwell Road
Isle Of Wight
Isle of Wight
PO390AH
Islandwide Grounds maintenance Limited
Statement of financial position
as at 31 December 2023
Intangible assets
18,750
18,750
Tangible assets
191,041
180,445
Cash at bank and in hand
75
77
Creditors: amounts falling due within one year
(81,532)
(82,045)
Net current liabilities
(56,179)
(29,159)
Total assets less current liabilities
153,612
170,036
Creditors: amounts falling due after more than one year
(90,152)
(144,609)
Called up share capital
1
1
Profit and loss account
63,459
25,426
Shareholders' funds
63,460
25,427
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2024 and were signed on its behalf by
Mrs Ann Gustar
Director
Company Registration No. 3002257
Islandwide Grounds maintenance Limited
Notes to the Accounts
for the year ended 31 December 2023
Islandwide Grounds maintenance Limited is a private company, limited by shares, registered in England and Wales, registration number 3002257. The registered office is 1 LEE BRICKYARD COTTAGE, MAIN ROAD, BOULDNOR, YARMOUTH, ISLE OF WIGHT, PO41 0XN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% on reducing balance basis.
Motor vehicles
5% on reducing balance basis.
Intangible fixed assets (including purchased goodwill and patents) are included at cost. They have not been amortised.
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Intangible fixed assets
Goodwill
At 31 December 2023
18,750
At 31 December 2023
18,750
At 31 December 2022
18,750
Islandwide Grounds maintenance Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
596,461
147,338
743,799
Additions
18,650
2,000
20,650
At 31 December 2023
615,111
149,338
764,449
At 1 January 2023
450,023
113,331
563,354
Charge for the year
8,254
1,800
10,054
At 31 December 2023
458,277
115,131
573,408
At 31 December 2023
156,834
34,207
191,041
At 31 December 2022
146,438
34,007
180,445
Amounts falling due within one year
Trade debtors
13,628
41,169
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,336
6,174
Obligations under finance leases and hire purchase contracts
8,573
-
Trade creditors
14,793
20,097
Taxes and social security
864
1,617
Other creditors
490
13,358
Loans from directors
25,287
33,637
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
13,538
7,636
Loans from directors
63,538
93,538
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).