Company registration number: NI048632
Annual report and unaudited financial statements
for the year ended 30 April 2026
for
Island Stores Ltd
Pages for filing with the Registrar
Company registration number: NI048632
Island Stores Ltd
Balance sheet
as at 30 April 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - 10,000
Tangible assets 5 172,836 192,615
172,836 202,615
Current assets
Stocks 96,900 98,647
Debtors 615 87,617
Cash at bank and in hand 154,796 154,378
252,311 340,642
Creditors: amounts falling due within one year
(135,873) (198,609)
Net current assets 116,438 142,033
Total assets less current liabilities 289,274 344,648
NET ASSETS 289,274 344,648
Capital and reserves
Called up share capital 2 2
Profit and loss account 289,272 344,646
TOTAL EQUITY 289,274 344,648
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: NI048632
Island Stores Ltd
Balance sheet - continued
as at 30 April 2026
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 19 October 2026 and signed on its behalf by:
Mr G Caldwell, Director Mrs L Caldwell, Director
19 October 2026 19 October 2026
2
Island Stores Ltd
Notes to the financial statements
for the year ended 30 April 2026
1 Company information
Island Stores Ltd is a private company registered in Northern Ireland. Its registered number is NI048632. The company is limited by shares. Its registered office is Island Stores Ltd, 2 Ballystrudder Road, Islandmagee, BT40 3SH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Patents and licences - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 20% straight line
Fixtures & fittings - 10% reducing balance
Motor vehicles - 25% straight line
3
Island Stores Ltd
Notes to the financial statements - continued
for the year ended 30 April 2026
2 Accounting policies - continued
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 taxation. 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 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 34 (2025 - 34).
4 Intangible assets
Goodwill Other intangible assets

Totals
£ £ £
Cost
At 1 May 2025 195,000 100,000 295,000
At 30 April 2026 195,000 100,000 295,000
Amortisation
At 1 May 2025 195,000 90,000 285,000
Charge for year - 10,000 10,000
At 30 April 2026 195,000 100,000 295,000
Net book value
At 30 April 2026 - - -
At 30 April 2025 - 10,000 10,000
4
Island Stores Ltd
Notes to the financial statements - continued
for the year ended 30 April 2026
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 May 2025 460,523
Additions 5,858
At 30 April 2026 466,381
Depreciation
At 1 May 2025 267,908
Charge for year 25,637
At 30 April 2026 293,545
Net book value
At 30 April 2026 172,836
At 30 April 2025 192,615
5