Company Registration No. SC731424 (Scotland)
Islander Edinburgh Ltd
Unaudited accounts
for the period from 4 May 2022 to 31 May 2023
Islander Edinburgh Ltd
Unaudited accounts
Contents
Islander Edinburgh Ltd
Company Information
for the period from 4 May 2022 to 31 May 2023
Company Number
SC731424 (Scotland)
Registered Office
2a Newbridge Industrial Estate
Newbridge
EH28 8PJ
Scotland
Islander Edinburgh Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
197,628
Creditors: amounts falling due within one year
(168,896)
Net current assets
116,797
Profit and loss account
119,751
Shareholders' funds
119,752
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2024 and were signed on its behalf by
Pei Ferguson
Director
Company Registration No. SC731424
Islander Edinburgh Ltd
Notes to the Accounts
for the period from 4 May 2022 to 31 May 2023
Islander Edinburgh Ltd is a private company, limited by shares, registered in Scotland, registration number SC731424. The registered office is 2a Newbridge Industrial Estate, Newbridge, EH28 8PJ, Scotland.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
-33% on cost
Computer equipment
-33% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 May 2023
3,652
780
4,432
Charge for the period
1,217
260
1,477
At 31 May 2023
1,217
260
1,477
At 31 May 2023
2,435
520
2,955
Islander Edinburgh Ltd
Notes to the Accounts
for the period from 4 May 2022 to 31 May 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
34,266
Loans from directors
6,484
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the period the average number of employees was 18.