Registered number
11146188
Islands Brow Ltd
Filleted Accounts
31 January 2023
Islands Brow Ltd
Registered number: 11146188
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 114,000 114,000
Current assets
Stocks 33,906 33,906
Cash at bank and in hand - 9
33,906 33,915
Creditors: amounts falling due within one year 4 (152,951) (114,235)
Net current liabilities (119,045) (80,320)
Total assets less current liabilities (5,045) 33,680
Creditors: amounts falling due after more than one year 5 - (37,581)
Net liabilities (5,045) (3,901)
Capital and reserves
Called up share capital 200 200
Profit and loss account (5,245) (4,101)
Shareholder's funds (5,045) (3,901)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emma Elizabeth Scott
Director
Approved by the board on 10 November 2023
Islands Brow Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 114,000
At 31 January 2023 114,000
Amortisation
At 31 January 2023 -
Net book value
At 31 January 2023 114,000
At 31 January 2022 114,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 118,300 59,163
Bank loans and overdrafts 12 10,644
Trade creditors - 9,722
Director's loan account 34,639 34,706
152,951 114,235
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 37,581
6 Other information
Islands Brow Ltd is a private company limited by shares and incorporated in England. Its registered office is:
167-169 Great Portland Street
London
W1W 5PF
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