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Company Registration No. 00917267 (England and Wales)
Isle Of Wight Car Club Limited Unaudited accounts for the year ended 31 December 2024
Isle Of Wight Car Club Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Isle Of Wight Car Club Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4
2,712 
Current assets
Debtors
5
1,644 
Cash at bank and in hand
23,023 
24,667 
Creditors: amounts falling due within one year
6
(948)
Net current assets
23,719 
Net assets
26,431 
Capital and reserves
Called up share capital
8 
Profit and loss account
26,423 
Shareholders' funds
26,431 
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 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 10 September 2025 and were signed on its behalf by
Toby Allen Director Company Registration No. 00917267
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Isle Of Wight Car Club Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Isle Of Wight Car Club Limited is a private company, limited by shares, registered in England and Wales, registration number 00917267. The registered office is 33 Ratcliffe Avenue, Ryde, PO33 3DW, England.
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
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
4,543 
- 
4,543 
Additions
- 
2,750 
2,750 
Disposals
(3,243)
- 
(3,243)
At 31 December 2024
1,300 
2,750 
4,050 
Depreciation
At 1 January 2024
1,136 
- 
1,136 
Charge for the year
325 
688 
1,013 
On disposals
(811)
- 
(811)
At 31 December 2024
650 
688 
1,338 
Net book value
At 31 December 2024
650 
2,062 
2,712 
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Isle Of Wight Car Club Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
1,644 
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
300 
Accruals
648 
948 
7
Average number of employees
During the year the average number of employees was 0.
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