ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Company Registration Number:
03132225 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

The sale, hire and repair of gardening and building machinery. The servicing and repair of motor vehicles.

Political and charitable donations

The company made no political donations in the year.

Company policy on disabled employees

The company had no disabled persons in its employ in the year.



Directors

The director shown below has held office during the whole of the period from
1 December 2023 to 30 November 2024

STEVEN JOHN REYNOLDS


Secretary LISA JULIE REYNOLDS

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 June 2025

And signed on behalf of the board by:
Name: LISA JULIE REYNOLDS
Status: Secretary

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 143,051 164,442
Cost of sales: ( 70,393 ) ( 76,684 )
Gross profit(or loss): 72,658 87,758
Administrative expenses: ( 81,767 ) ( 86,972 )
Operating profit(or loss): (9,109) 786
Profit(or loss) before tax: (9,109) 786
Profit(or loss) for the financial year: (9,109) 786

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 62,483 62,985
Total fixed assets: 62,483 62,985
Current assets
Stocks: 4 23,327 24,160
Debtors: 5 12,669 15,931
Cash at bank and in hand: 17,632 17,734
Total current assets: 53,628 57,825
Creditors: amounts falling due within one year: 6 ( 41,675 ) ( 45,068 )
Net current assets (liabilities): 11,953 12,757
Total assets less current liabilities: 74,436 75,742
Creditors: amounts falling due after more than one year: 7 ( 47,115 ) ( 39,315 )
Total net assets (liabilities): 27,321 36,427
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 27,319 36,425
Total Shareholders' funds: 27,321 36,427

The notes form part of these financial statements

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 25 June 2025
and signed on behalf of the board by:

Name: STEVEN JOHN REYNOLDS
Status: Director

The notes form part of these financial statements

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 6,000 126,381 5,673 6,175 9,167 153,396
Additions 275 3,750 4,025
Disposals
Revaluations
Transfers
At 30 November 2024 6,000 126,381 5,673 6,450 12,917 157,421
Depreciation
At 1 December 2023 900 72,727 4,798 3,017 8,969 90,411
Charge for year 255 2,683 240 362 987 4,527
On disposals
Other adjustments
At 30 November 2024 1,155 75,410 5,038 3,379 9,956 94,938
Net book value
At 30 November 2024 4,845 50,971 635 3,071 2,961 62,483
At 30 November 2023 5,100 53,654 875 3,158 198 62,985

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Stocks

2024 2023
£ £
Stocks 23,327 24,160
Total 23,327 24,160

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024 2023
£ £
Trade debtors 12,040 15,481
Prepayments and accrued income 629 450
Total 12,669 15,931

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 3,244
Trade creditors 20,680 19,503
Taxation and social security 2,751 3,283
Accruals and deferred income 659 450
Other creditors 17,585 18,588
Total 41,675 45,068

ISLAND POWER TOOLS AND HIRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 47,115 39,315
Total 47,115 39,315