Registration number: 14657904

ISLAND DAIRIES (UK) LIMITED

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

ISLAND DAIRIES (UK) LIMITED

Company Information

Director

Mr Michael Harding

Registered office

The Officers Mess Business Centre Royston Road Cambridge Cambridge CB22 4QH

Accountants

ESSEX & EAST LONDON ACCOUNTANTS LIMITED Suite G04 1 Quality Court Chancery Lane London WC2A 1HR

ISLAND DAIRIES (UK) LIMITED

(Registration number: 14657904)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,349	20,207
Current assets
Debtors	5	95,689	1,026
Cash at bank and in hand		8,998	6,300
		104,687	7,326
Creditors: Amounts falling due within one year	6	(146,870)	(63,628)
Net current liabilities		(42,183)	(56,302)
Total assets less current liabilities		(26,834)	(36,095)
Creditors: Amounts falling due after more than one year	6	(36,599)	(33,755)
Net liabilities		(63,433)	(69,850)
Capital and reserves
Called up share capital	7	-	1
Retained earnings		(63,433)	(69,851)
Shareholders' deficit		(63,433)	(69,850)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2025
 

......................................... Mr Michael Harding Director

ISLAND DAIRIES (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Officers Mess Business Centre
Royston Road
Cambridge
Cambridge
CB22 4QH
England

These financial statements were authorised for issue by the director on 18 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

ISLAND DAIRIES (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 4).

ISLAND DAIRIES (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	32,856	32,856
At 28 February 2025	32,856	32,856
Depreciation
At 1 March 2024	12,649	12,649
Charge for the year	4,858	4,858
At 28 February 2025	17,507	17,507
Carrying amount
At 28 February 2025	15,349	15,349
At 29 February 2024	20,207	20,207

5

Debtors

Current	2025 £	2024 £
Trade debtors	93,642	1,026
Other debtors	2,047	-
	95,689	1,026

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	11,847	-
Trade creditors		130,870	3,337
Taxation and social security		482	561
Other creditors		3,671	59,730
		146,870	63,628

Creditors: amounts falling due after more than one year

ISLAND DAIRIES (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	36,599	33,755

7	Share capital

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	36,599	33,755

Current loans and borrowings

	2025 £	2024 £
Other borrowings	11,847	-