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
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
Island Aeronautical Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
15,922
16,965
Cash at bank and in hand
2,417
5,121
Creditors: amounts falling due within one year
(32,357)
(21,798)
Net current liabilities
(15,343)
(10,718)
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
Island Aeronautical Ltd
Notes to the Accounts
for the year ended 31 March 2026
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2026
6,747
21,800
28,547
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
At 31 March 2026
2,727
13,195
15,922
At 31 March 2025
4,076
12,889
16,965
Island Aeronautical Ltd
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Accrued income and prepayments
431
237
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
5,215
2,486
Loans from directors
15,571
16,152
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Average number of employees
During the year the average number of employees was 2 (2025: 1).