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REGISTERED NUMBER: 02114816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

ISLAND COMPUTER SYSTEMS LIMITED

ISLAND COMPUTER SYSTEMS LIMITED (BY SHARES) (REGISTERED NUMBER: 02114816)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company Information 1

Balance Sheet 2


ISLAND COMPUTER SYSTEMS LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: P D Newlands
S J Clarke





SECRETARY: P D Newlands





REGISTERED OFFICE: 41 Horsebridge Hill
Parkhurst
Newport
Isle of Wight
PO30 5TJ





REGISTERED NUMBER: 02114816 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

ISLAND COMPUTER SYSTEMS LIMITED (BY SHARES) (REGISTERED NUMBER: 02114816)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
£    £    £    £   
FIXED ASSETS 69,683 72,573

CURRENT ASSETS 130,210 223,090

CREDITORS
Amounts falling due within one year (35,519 ) (32,556 )
NET CURRENT ASSETS 94,691 190,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,374

263,107

CREDITORS
Amounts falling due after more than one
year

24,167

34,167
NET ASSETS 140,207 228,940

CAPITAL AND RESERVES 140,207 228,940

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 3 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2023 and 31st January 2022:

2023 2022
£    £   
S J Clarke
Balance outstanding at start of year 48 48
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48 48

ISLAND COMPUTER SYSTEMS LIMITED (BY SHARES) (REGISTERED NUMBER: 02114816)

BALANCE SHEET - continued
31ST JANUARY 2023

NOTES TO THE FINANCIAL STATEMENTS

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P D Newlands
Balance outstanding at start of year 43,000 (14,994 )
Amounts advanced 944 107,994
Amounts repaid (43,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 944 43,000

3. RELATED PARTIES

At the year end, the company was owed a total of £21,249 (2022 - £71,249), by Newseas Trading Limited, a company wholly owned and controlled by the director, P Newlands.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2023 and were signed on its behalf by:





P D Newlands - Director