Island Holiday Media Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05685151 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ISLAND HOLIDAY MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Addison

Mr D Brooks

REGISTERED OFFICE:

35 Orchard Street

Newport

Isle of Wight

PO30 1JZ

REGISTERED NUMBER:

05685151 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

8,219

6,522

CURRENT ASSETS

Stocks

410

425

Debtors

5

109,588

85,495

Cash at bank

31,800

209

141,798

86,129

CREDITORS

Amounts falling due within one year

6

150,527

90,698

NET CURRENT LIABILITIES

(8,729

)

(4,569

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(510

)

1,953

CREDITORS

Amounts falling due after more than one
year

7

-

(10,000

)

PROVISIONS FOR LIABILITIES

9

(1,244

)

(901

)

NET LIABILITIES

(1,754

)

(8,948

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

Share premium

25,000

Retained earnings

(27,754

)

(34,948

)

SHAREHOLDERS' FUNDS

(1,754

)

(8,948

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

Mr T J Addison - Director

Mr D Brooks - Director

1.	STATUTORY INFORMATION

Island Holiday Media Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Contingent liabilities

A charge has been registered being a fixed and floating charge over all the property and undertakings of the company in relation to a loan taken out by the director, Mr T Addison, in order to purchase a property from which the company is trading. The maximum liability regarding the charge is £95,000.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2025

22,938

4,554

37,474

37,599

102,565

Additions

-

4,004

At 31 December 2025

22,938

4,554

37,474

41,603

106,569

DEPRECIATION

At 1 January 2025

21,068

4,149

33,294

37,532

96,043

Charge for year

468

102

1,045

692

2,307

At 31 December 2025

21,536

4,251

34,339

38,224

98,350

NET BOOK VALUE

At 31 December 2025

1,402

303

3,135

3,379

8,219

At 31 December 2024

1,870

405

4,180

67

6,522

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

61,055

34,548

Other debtors

-

64

Directors' current accounts

33,449

32,563

Tax

-

686

Prepayments and accrued income

4,996

7,546

99,500

75,407

2025

2024

£

Amounts falling due after more than one year:

Tax

10,088

Aggregate amounts

109,588

85,495

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 8)

10,000

32,042

Trade creditors

38,732

19,008

Tax

1,505

8,074

Social security and other taxes

4,641

4,050

VAT

14,477

11,751

Other creditors

69,878

12,487

Accruals and deferred income

11,294

3,286

150,527

90,698

Other creditors consists of an amount due in respect of commission of £69,101 (2024: £11,850) and an amount payable in respect of pension contribution of £777 (2024: £637).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 8)

-

10,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

22,042

Bank loans

10,000

32,042

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

10,000

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

1,244

901

Deferred tax

£

Balance at 1 January 2025

901

Provided during year

343

Balance at 31 December 2025

1,244

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

1,000

11.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

A charge has been registered being a fixed and floating charge over all the property and the undertakings of the company in relation to a loan taken out by the director, Mr T Addison, in order to purchase the property from which the company is trading. The maximum liability regarding the charge is £95,000.

12.	ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. The directors between themselves control the entire share capital of the company.