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Company Registration No. 8980042 (England and Wales)
Island Facility Services Ltd Unaudited accounts for the year ended 30 April 2024
Island Facility Services Ltd Unaudited accounts Contents
Page
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Island Facility Services Ltd Company Information for the year ended 30 April 2024
Director
Joshua Matthews
Company Number
8980042 (England and Wales)
Registered Office
UNITS 2-4 DODNOR PARK NEWPORT ISLE OF WIGHT PO30 5XE
Accountants
J C Tax & Accounts Services Holmleigh Colwell Road Isle Of Wight Isle of Wight PO390AH
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Island Facility Services Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,720 
3,316 
Current assets
Inventories
2,500 
2,500 
Debtors
265,108 
267,320 
Cash at bank and in hand
66,447 
86,990 
334,055 
356,810 
Creditors: amounts falling due within one year
(237,356)
(224,583)
Net current assets
96,699 
132,227 
Total assets less current liabilities
99,419 
135,543 
Creditors: amounts falling due after more than one year
(32,744)
(84,229)
Net assets
66,675 
51,314 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
66,674 
51,313 
Shareholders' funds
66,675 
51,314 
For the year ending 30 April 2024 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 29 January 2025 and were signed on its behalf by
Joshua Matthews Director Company Registration No. 8980042
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Island Facility Services Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Island Facility Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 8980042. The registered office is UNITS 2-4, DODNOR PARK, NEWPORT, ISLE OF WIGHT, PO30 5XE.
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:
Fixtures & fittings
18% on reducing balance
Computer equipment
18% on reducing balane
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
4,621 
2,532 
7,153 
At 30 April 2024
4,621 
2,532 
7,153 
Depreciation
At 1 May 2023
2,207 
1,630 
3,837 
Charge for the year
434 
162 
596 
At 30 April 2024
2,641 
1,792 
4,433 
Net book value
At 30 April 2024
1,980 
740 
2,720 
At 30 April 2023
2,414 
902 
3,316 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
265,108 
264,304 
Other debtors
- 
3,016 
265,108 
267,320 
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Island Facility Services Ltd Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
51,484 
49,430 
Trade creditors
158,838 
150,987 
Taxes and social security
15,899 
10,131 
Loans from directors
9,185 
12,085 
Accruals
1,950 
1,950 
237,356 
224,583 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,744 
84,229 
8
Transactions with related parties
A total of £100,000 (2023: £100,000) of the expenses stated in the accounts arose from dealings with the connected company, Solar & Renewable Installations ltd. Amounts totalling £65,000 (2023: £167,009) of the sales arose from this connected company. The companies are connected by virtue of ultimate control of both companies by Mr J Matthews.
9
Average number of employees
During the year the average number of employees was 16 (2023: 16).
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