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Company Registration No. 12301422 (England and Wales)
Island Renewables Ltd Unaudited accounts for the year ended 30 November 2024
Island Renewables Ltd Unaudited accounts Contents
Page
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Island Renewables Ltd Company Information for the year ended 30 November 2024
Directors
Russell Thomson Scott Wagstaff Edward Simpkin
Company Number
12301422 (England and Wales)
Registered Office
13 Daish Way Newport Isle of Wight PO30 5XJ
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Island Renewables Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,960 
53,304 
Current assets
Inventories
180,157 
72,470 
Debtors
315,658 
261,928 
Cash at bank and in hand
366,451 
479,637 
862,266 
814,035 
Creditors: amounts falling due within one year
(535,153)
(450,597)
Net current assets
327,113 
363,438 
Total assets less current liabilities
418,073 
416,742 
Creditors: amounts falling due after more than one year
(24,713)
(5,421)
Net assets
393,360 
411,321 
Capital and reserves
Called up share capital
68 
68 
Profit and loss account
393,292 
411,253 
Shareholders' funds
393,360 
411,321 
For the year ending 30 November 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 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 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 of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
Russell Thomson Director Company Registration No. 12301422
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Island Renewables Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Island Renewables Ltd is a private company, limited by shares, registered in England and Wales, registration number 12301422. The registered office is 13 Daish Way, Newport, Isle of Wight, PO30 5XJ.
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
20% Straight Line
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
13,060 
58,490 
71,550 
Additions
- 
61,235 
61,235 
At 30 November 2024
13,060 
119,725 
132,785 
Depreciation
At 1 December 2023
4,037 
14,209 
18,246 
Charge for the year
2,612 
20,967 
23,579 
At 30 November 2024
6,649 
35,176 
41,825 
Net book value
At 30 November 2024
6,411 
84,549 
90,960 
At 30 November 2023
9,023 
44,281 
53,304 
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Island Renewables Ltd Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
67,917 
43,905 
Trade debtors
246,232 
218,023 
Amounts due from group undertakings etc.
1,509 
- 
315,658 
261,928 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,005 
- 
Trade creditors
136,131 
32,990 
Taxes and social security
36,952 
116,843 
Other creditors
148,067 
128,879 
Loans from directors
2,816 
1,743 
Accruals
761 
331 
Deferred income
201,421 
169,811 
535,153 
450,597 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
24,713 
5,421 
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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