1 January 2023 false No description of principal activity Taxfiler 2024.1 3002257business:PrivateLimitedCompanyLtd2023-01-012023-12-31 30022572022-12-31 30022572023-01-012023-12-31 3002257business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 3002257business:FilletedAccounts2023-01-012023-12-31 30022572023-12-31 3002257business:Director12023-01-012023-12-31 3002257business:RegisteredOffice2023-01-012023-12-31 30022572022-12-31 3002257core:WithinOneYear2023-12-31 3002257core:WithinOneYear2022-12-31 3002257core:AfterOneYear2023-12-31 3002257core:AfterOneYear2022-12-31 3002257core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 3002257core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 3002257core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 3002257core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 3002257core:PreviouslyStatedAmount2023-12-31 3002257core:PreviouslyStatedAmount2022-12-31 3002257business:SmallEntities2023-01-012023-12-31 3002257countries:EnglandWales2023-01-012023-12-31 3002257core:PlantMachinery2023-01-012023-12-31 3002257core:MotorVehicles2023-01-012023-12-31 3002257core:Goodwill2022-12-31 3002257core:Goodwill2023-12-31 3002257core:PlantMachinery2022-12-31 3002257core:MotorVehicles2022-12-31 3002257core:PlantMachinery2023-12-31 3002257core:MotorVehicles2023-12-31 30022572022-01-012022-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Islandwide Grounds maintenance Limited Company Information for the year ended 31 December 2023
Director
Mrs Ann Gustar
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
- 3 -
Islandwide Grounds maintenance Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,750 
18,750 
Tangible assets
191,041 
180,445 
209,791 
199,195 
Current assets
Inventories
11,000 
11,000 
Debtors
14,278 
41,809 
Cash at bank and in hand
75 
77 
25,353 
52,886 
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)
Net assets
63,460 
25,427 
Capital and reserves
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
- 4 -
Islandwide Grounds maintenance Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost. They have not been amortised.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
18,750 
At 31 December 2023
18,750 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
18,750 
At 31 December 2022
18,750 
- 5 -
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 
Depreciation
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 
Net book value
At 31 December 2023
156,834 
34,207 
191,041 
At 31 December 2022
146,438 
34,007 
180,445 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,628 
41,169 
Other debtors
650 
640 
14,278 
41,809 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,336 
6,174 
VAT
2,439 
7,162 
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 
Accruals
750 
- 
81,532 
82,045 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,076 
22,869 
Obligations under finance leases and hire purchase contracts
13,538 
7,636 
Other creditors
- 
20,566 
Loans from directors
63,538 
93,538 
90,152 
144,609 
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).
- 6 -