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Company Registration No. 3002257 (England and Wales)
Islandwide Grounds maintenance Limited Unaudited accounts for the year ended 31 December 2024
Islandwide Grounds maintenance Limited Unaudited accounts Contents
Page
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Islandwide Grounds maintenance Limited Company Information for the year ended 31 December 2024
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
Hannah L Oatley Holmleigh Colwell Road Isle Of Wight Isle of Wight PO390AH
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Islandwide Grounds maintenance Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,750 
18,750 
Tangible assets
121,305 
191,041 
140,055 
209,791 
Current assets
Inventories
11,000 
11,000 
Debtors
17,293 
14,278 
Cash at bank and in hand
5,881 
75 
34,174 
25,353 
Creditors: amounts falling due within one year
(74,215)
(81,532)
Net current liabilities
(40,041)
(56,179)
Total assets less current liabilities
100,014 
153,612 
Creditors: amounts falling due after more than one year
(100,000)
(90,152)
Net assets
14 
63,460 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13 
63,459 
Shareholders' funds
14 
63,460 
For the year ending 31 December 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 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 5 March 2025 and were signed on its behalf by
Mrs Ann Gustar Director Company Registration No. 3002257
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Islandwide Grounds maintenance Limited Notes to the Accounts for the year ended 31 December 2024
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 2024
18,750 
At 31 December 2024
18,750 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
18,750 
At 31 December 2023
18,750 
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Islandwide Grounds maintenance Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
615,111 
149,338 
764,449 
Disposals
(473,678)
(126,338)
(600,016)
At 31 December 2024
141,433 
23,000 
164,433 
Depreciation
At 1 January 2024
458,277 
115,131 
573,408 
Charge for the year
(6,191)
(819)
(7,010)
On disposals
(416,548)
(106,722)
(523,270)
At 31 December 2024
35,538 
7,590 
43,128 
Net book value
At 31 December 2024
105,895 
15,410 
121,305 
At 31 December 2023
156,834 
34,207 
191,041 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,708 
13,628 
Other debtors
4,585 
650 
17,293 
14,278 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,620 
28,336 
VAT
- 
2,439 
Obligations under finance leases and hire purchase contracts
13,068 
8,573 
Trade creditors
269 
14,793 
Taxes and social security
15,785 
864 
Other creditors
5,374 
490 
Loans from directors
27,349 
25,287 
Accruals
750 
750 
74,215 
81,532 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
13,076 
Obligations under finance leases and hire purchase contracts
- 
13,538 
Loans from directors
100,000 
63,538 
100,000 
90,152 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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