1 December 2022 false No description of principal activity Taxfiler 2024.5 07455212business:PrivateLimitedCompanyLtd2022-12-012023-11-30 074552122022-11-30 074552122022-12-012023-11-30 07455212business:AuditExemptWithAccountantsReport2022-12-012023-11-30 07455212business:FilletedAccounts2022-12-012023-11-30 074552122023-11-30 07455212business:Director12022-12-012023-11-30 07455212business:RegisteredOffice2022-12-012023-11-30 074552122022-11-30 07455212core:WithinOneYear2023-11-30 07455212core:WithinOneYear2022-11-30 07455212core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 07455212core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 07455212core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 07455212core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 07455212core:PreviouslyStatedAmount2023-11-30 07455212core:PreviouslyStatedAmount2022-11-30 07455212business:SmallEntities2022-12-012023-11-30 07455212countries:EnglandWales2022-12-012023-11-30 07455212core:PlantMachinery2022-12-012023-11-30 07455212core:PlantMachinery2022-11-30 07455212core:PlantMachinery2023-11-30 074552122021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 07455212 (England and Wales)
Islande Contracts Ltd Unaudited accounts for the year ended 30 November 2023
Islande Contracts Ltd Unaudited accounts Contents
Page
- 2 -
Islande Contracts Ltd Company Information for the year ended 30 November 2023
Director
Simon Daniels
Company Number
07455212 (England and Wales)
Registered Office
7 Rushall Manor Road Walsall WS4 2HA
Accountants
Sedgley Accounting and Business Services Limited 13 Warren Drive Sedgley DY3 3RQ
- 3 -
Islande Contracts Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
847 
1,059 
Current assets
Debtors
8,103 
21,584 
Cash at bank and in hand
71,716 
60,466 
79,819 
82,050 
Creditors: amounts falling due within one year
(20,321)
(30,326)
Net current assets
59,498 
51,724 
Net assets
60,345 
52,783 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
60,343 
52,781 
Shareholders' funds
60,345 
52,783 
For the year ending 30 November 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 his 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 August 2024 and were signed on its behalf by
Simon Daniels Director Company Registration No. 07455212
- 4 -
Islande Contracts Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Islande Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 07455212. The registered office is 7 Rushall Manor Road, Walsall, WS4 2HA.
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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
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 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
20% on reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments in nonputtable ordinary shares. Short term debtors are measured at transaction price less subsequent impairment. Short term creditors are measured at transaction price.
- 5 -
Islande Contracts Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
18,701 
At 30 November 2023
18,701 
Depreciation
At 1 December 2022
17,642 
Charge for the year
212 
At 30 November 2023
17,854 
Net book value
At 30 November 2023
847 
At 30 November 2022
1,059 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,103 
21,584 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,300 
3,077 
Taxes and social security
10,318 
11,396 
Loans from directors
673 
14,353 
Accruals
2,030 
1,500 
20,321 
30,326 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -