REGISTERED NUMBER: 04316064 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ISLAND COPIER COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Baldwin

REGISTERED OFFICE:

43 Park Road

Ryde

Isle of Wight

PO33 1HH

REGISTERED NUMBER:

04316064 (England and Wales)

ACCOUNTANTS:

Mackenzies, a Xeinadin company

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

51,071

51,147

51,071

51,147

CURRENT ASSETS

Stocks

6

4,500

1,000

Debtors

7

23,559

31,753

Cash at bank

175,003

185,240

203,062

217,993

CREDITORS

Amounts falling due within one year

8

19,424

22,764

NET CURRENT ASSETS

183,638

195,229

TOTAL ASSETS LESS CURRENT LIABILITIES

234,709

246,376

CAPITAL AND RESERVES

Called up share capital

9

250

250

Retained earnings

234,459

246,126

SHAREHOLDERS' FUNDS

234,709

246,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:

Mr D J Baldwin - Director

1.	STATUTORY INFORMATION

The Island Copier Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

23,769

AMORTISATION

At 1 January 2024

and 31 December 2024

23,769

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

49,052

650

16,745

317

66,764

Additions

-

385

-

98

483

At 31 December 2024

49,052

1,035

16,745

415

67,247

DEPRECIATION

At 1 January 2024

-

444

15,094

79

15,617

Charge for year

-

80

413

66

559

At 31 December 2024

-

524

15,507

145

16,176

NET BOOK VALUE

At 31 December 2024

49,052

511

1,238

270

51,071

At 31 December 2023

49,052

206

1,651

238

51,147

6.

STOCKS

2024

2023

£

£

Stocks

4,500

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

23,559

22,852

Directors' current accounts

-

8,901

23,559

31,753

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,037

270

Corporation tax

2,207

13,453

Social security and other taxes

252

291

Workplace pension deductions

125

125

VAT

6,931

6,384

Other creditors

3,043

526

Directors' current accounts

864

-

Accrued expenses

1,965

1,715

19,424

22,764

Other creditors relates to a company credit card balance of £3,043 (2023: £526).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

250

Ordinary

1

250

250