REGISTERED NUMBER: 05666306 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Island Furnishing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Lacey

Mr M D Grafham

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

05666306 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

Lloyds Bank

St.Thomas Square

Newport

Isle of Wight

PO30

FIXED ASSETS

Tangible assets

4

22,856

30,475

CURRENT ASSETS

Stocks

25,000

25,500

Debtors

5

31,522

79,814

Cash at bank

61,015

88,434

117,537

193,748

CREDITORS

Amounts falling due within one year

6

36,967

72,178

NET CURRENT ASSETS

80,570

121,570

TOTAL ASSETS LESS CURRENT LIABILITIES

103,426

152,045

CREDITORS

Amounts falling due after more than one year

7

23,799

33,482

NET ASSETS

79,627

118,563

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

79,525

118,461

SHAREHOLDERS' FUNDS

79,627

118,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

Mr S J Lacey - Director

1.	STATUTORY INFORMATION

Island Furnishing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

62,583

DEPRECIATION

At 1 February 2025

32,108

Charge for year

7,619

At 31 January 2026

39,727

NET BOOK VALUE

At 31 January 2026

22,856

At 31 January 2025

30,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

30,199

79,814

Other debtors

1,323

-

31,522

79,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

6,645

-

Trade creditors

25,376

43,349

Taxation and social security

3,222

27,448

Other creditors

1,724

1,381

36,967

72,178

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

23,799

33,482

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

Mr S J Lacey

Balance outstanding at start of year

(217

)

(490

)

Amounts advanced

22,614

19,429

Amounts repaid

(22,736

)

(19,156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(339

)

(217

)

Mr M D Grafham

Balance outstanding at start of year

(217

)

(490

)

Amounts advanced

22,614

19,429

Amounts repaid

(22,736

)

(19,156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(339

)

(217

)