IRIS Accounts Production v25.1.4.42 05685151 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056851512023-12-31056851512024-12-31056851512024-01-012024-12-31056851512022-12-31056851512023-01-012023-12-31056851512023-12-3105685151ns15:EnglandWales2024-01-012024-12-3105685151ns14:PoundSterling2024-01-012024-12-3105685151ns10:Director12024-01-012024-12-3105685151ns10:Director22024-01-012024-12-3105685151ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105685151ns10:SmallEntities2024-01-012024-12-3105685151ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3105685151ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105685151ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105685151ns10:FullAccounts2024-01-012024-12-3105685151ns10:OrdinaryShareClass12024-01-012024-12-3105685151ns10:RegisteredOffice2024-01-012024-12-3105685151ns5:CurrentFinancialInstruments2024-12-3105685151ns5:CurrentFinancialInstruments2023-12-3105685151ns5:Non-currentFinancialInstruments2024-12-3105685151ns5:Non-currentFinancialInstruments2023-12-3105685151ns5:ShareCapital2024-12-3105685151ns5:ShareCapital2023-12-3105685151ns5:SharePremium2024-12-3105685151ns5:SharePremium2023-12-3105685151ns5:RetainedEarningsAccumulatedLosses2024-12-3105685151ns5:RetainedEarningsAccumulatedLosses2023-12-3105685151ns5:PlantMachinery2024-01-012024-12-3105685151ns5:FurnitureFittings2024-01-012024-12-3105685151ns5:MotorVehicles2024-01-012024-12-3105685151ns5:ComputerEquipment2024-01-012024-12-3105685151ns5:PlantMachinery2023-12-3105685151ns5:FurnitureFittings2023-12-3105685151ns5:MotorVehicles2023-12-3105685151ns5:ComputerEquipment2023-12-3105685151ns5:PlantMachinery2024-12-3105685151ns5:FurnitureFittings2024-12-3105685151ns5:MotorVehicles2024-12-3105685151ns5:ComputerEquipment2024-12-3105685151ns5:PlantMachinery2023-12-3105685151ns5:FurnitureFittings2023-12-3105685151ns5:MotorVehicles2023-12-3105685151ns5:ComputerEquipment2023-12-3105685151ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105685151ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105685151ns5:CurrentFinancialInstruments2024-01-012024-12-3105685151ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3105685151ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3105685151ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3105685151ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3105685151ns5:DeferredTaxation2023-12-3105685151ns5:DeferredTaxation2024-01-012024-12-3105685151ns5:DeferredTaxation2024-12-3105685151ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 05685151 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ISLAND HOLIDAY MEDIA LTD

ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ISLAND HOLIDAY MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr T J Addison
Mr D Brooks





REGISTERED OFFICE: 35 Orchard Street
Newport
Isle of Wight
PO30 1JZ





REGISTERED NUMBER: 05685151 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,522 7,849

CURRENT ASSETS
Stocks 425 -
Debtors 5 85,495 93,049
Cash at bank 209 127
86,129 93,176
CREDITORS
Amounts falling due within one year 6 90,698 84,708
NET CURRENT (LIABILITIES)/ASSETS (4,569 ) 8,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,953

16,317

CREDITORS
Amounts falling due after more than one
year

7

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES 9 (901 ) (1,131 )
NET LIABILITIES (8,948 ) (4,814 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium 25,000 25,000
Retained earnings (34,948 ) (30,814 )
SHAREHOLDERS' FUNDS (8,948 ) (4,814 )

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 directors acknowledge their 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.

ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:




Mr T J Addison - Director



Mr D Brooks - Director


ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Island Holiday Media 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Contingent liabilities
A charge has been registered being a fixed and floating charge over all the property and undertakings of the company in relation to a loan taken out by the director, Mr T Addison, in order to purchase a property from which the company is trading. The maximum liability regarding the charge is £95,000.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor Computer
equipment fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 22,039 4,554 37,474 37,599 101,666
Additions 899 - - - 899
At 31 December 2024 22,938 4,554 37,474 37,599 102,565
DEPRECIATION
At 1 January 2024 20,445 4,014 31,900 37,458 93,817
Charge for year 623 135 1,394 74 2,226
At 31 December 2024 21,068 4,149 33,294 37,532 96,043
NET BOOK VALUE
At 31 December 2024 1,870 405 4,180 67 6,522
At 31 December 2023 1,594 540 5,574 141 7,849

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 34,548 40,394
Other debtors 64 181
Directors' current accounts 32,563 32,845
Tax 686 -
Prepayments and accrued income 7,546 9,541
75,407 82,961

ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. DEBTORS - continued
2024 2023
£ £
Amounts falling due after more than one year:
Tax 10,088 10,088

Aggregate amounts 85,495 93,049

Other debtors consists of an amount due in respect of staff advances.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 32,042 26,517
Trade creditors 19,008 26,535
Tax 8,074 13,747
Social security and other taxes 4,050 3,159
VAT 11,751 793
Other creditors 12,487 8,899
Accruals and deferred income 3,286 5,058
90,698 84,708

Other creditors consists of an amount due in respect of commission of £11,850 (2023: £8,350) and an amount payable in respect of pension contribution of £637 (2023: £549).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 8) 10,000 20,000

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 22,042 16,517
Bank loans 10,000 10,000
32,042 26,517

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 20,000

ISLAND HOLIDAY MEDIA LTD (REGISTERED NUMBER: 05685151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 901 1,131

Deferred tax
£
Balance at 1 January 2024 1,131
Provided during year (230 )
Balance at 31 December 2024 901

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

11. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

A charge has been registered being a fixed and floating charge over all the property and the undertakings of the company in relation to a loan taken out by the director, Mr T Addison, in order to purchase the property from which the company is trading. The maximum liability regarding the charge is £95,000.

12. ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. The directors between themselves control the entire share capital of the company.