1 April 2025 false No description of principal activity Taxfiler 2024.6 14436176 business:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 14436176 2025-03-31 14436176 2025-04-01 2026-03-31 14436176 business:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 14436176 business:FilletedAccounts 2025-04-01 2026-03-31 14436176 2026-03-31 14436176 business:Director1 2025-04-01 2026-03-31 14436176 business:RegisteredOffice 2025-04-01 2026-03-31 14436176 2025-03-31 14436176 core:WithinOneYear 2026-03-31 14436176 core:WithinOneYear 2025-03-31 14436176 core:ShareCapital core:PreviouslyStatedAmount 2026-03-31 14436176 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 14436176 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-03-31 14436176 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 14436176 core:PreviouslyStatedAmount 2026-03-31 14436176 core:PreviouslyStatedAmount 2025-03-31 14436176 business:SmallEntities 2025-04-01 2026-03-31 14436176 countries:EnglandWales 2025-04-01 2026-03-31 14436176 core:PlantMachinery 2025-04-01 2026-03-31 14436176 core:MotorVehicles 2025-04-01 2026-03-31 14436176 core:PlantMachinery 2025-03-31 14436176 core:MotorVehicles 2025-03-31 14436176 core:PlantMachinery 2026-03-31 14436176 core:MotorVehicles 2026-03-31 14436176 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14436176 (England and Wales)
Island Aeronautical Ltd Unaudited accounts for the year ended 31 March 2026
Island Aeronautical Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Island Aeronautical Ltd Company Information for the year ended 31 March 2026
Director
Daniel Edward Michelmore
Company Number
14436176 (England and Wales)
Registered Office
St Georges Lane Newport Isle of Wight PO30 3BA United Kingdom
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
- 3 -
Island Aeronautical Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
15,922
16,965
Current assets
Debtors
5
14,597
5,959
Cash at bank and in hand
2,417
5,121
17,014
11,080
Creditors: amounts falling due within one year
6
(32,357)
(21,798)
Net current liabilities
(15,343)
(10,718)
Net assets
579
6,247
Capital and reserves
Called up share capital
1
1
Profit and loss account
578
6,246
Shareholders' funds
579
6,247
For the year ending 31 March 2026 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 director acknowledges his 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 and authorised for issue on 1 July 2026 and were signed on its behalf by
Daniel Edward Michelmore Director Company Registration No. 14436176
- 4 -
Island Aeronautical Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Island Aeronautical Ltd is a private company, limited by shares, registered in England and Wales, registration number 14436176. The registered office is St Georges Lane, Newport, Isle of Wight, PO30 3BA, United Kingdom.
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
Straight Line - 5 Years
Motor vehicles
Straight Line - 3 Years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
6,747
16,000
22,747
Additions
-
5,800
5,800
At 31 March 2026
6,747
21,800
28,547
Depreciation
At 1 April 2025
2,671
3,111
5,782
Charge for the year
1,349
5,494
6,843
At 31 March 2026
4,020
8,605
12,625
Net book value
At 31 March 2026
2,727
13,195
15,922
At 31 March 2025
4,076
12,889
16,965
- 5 -
Island Aeronautical Ltd Notes to the Accounts for the year ended 31 March 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
7,536
1,807
Accrued income and prepayments
431
237
Other debtors
6,630
3,915
14,597
5,959
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
5,107
1,996
Trade creditors
5,300
-
Taxes and social security
5,215
2,486
Loans from directors
15,571
16,152
Accruals
1,164
1,164
32,357
21,798
7
Average number of employees
During the year the average number of employees was 2 (2025: 1).
- 6 -