4 May 2022 false Taxfiler 2023.10 SC731424business:PrivateLimitedCompanyLtd2022-05-042023-05-31 SC7314242022-05-03 SC7314242022-05-042023-05-31 SC731424business:AuditExempt-NoAccountantsReport2022-05-042023-05-31 SC731424business:FilletedAccounts2022-05-042023-05-31 SC7314242023-05-31 SC731424business:Director12022-05-042023-05-31 SC731424business:RegisteredOffice2022-05-042023-05-31 SC731424core:WithinOneYear2023-05-31 SC731424core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC731424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC731424core:PreviouslyStatedAmount2023-05-31 SC731424business:SmallEntities2022-05-042023-05-31 SC731424countries:Scotland2022-05-042023-05-31 SC731424core:FurnitureFittings2022-05-042023-05-31 SC731424core:ComputerEquipment2022-05-042023-05-31 SC731424core:FurnitureFittings2022-05-03 SC731424core:ComputerEquipment2022-05-03 SC731424core:FurnitureFittings2023-05-31 SC731424core:ComputerEquipment2023-05-31 SC731424business:OrdinaryShareClass12022-05-042023-05-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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Islander Edinburgh Ltd Company Information for the period from 4 May 2022 to 31 May 2023
Director
Pei Ferguson
Company Number
SC731424 (Scotland)
Registered Office
2a Newbridge Industrial Estate Newbridge EH28 8PJ Scotland
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Islander Edinburgh Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
2,955 
Current assets
Inventories
35,058 
Debtors
53,007 
Cash at bank and in hand
197,628 
285,693 
Creditors: amounts falling due within one year
(168,896)
Net current assets
116,797 
Net assets
119,752 
Capital and reserves
Called up share capital
1 
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
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Islander Edinburgh Ltd Notes to the Accounts for the period from 4 May 2022 to 31 May 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 4 May 2022
- 
- 
- 
Additions
3,652 
780 
4,432 
At 31 May 2023
3,652 
780 
4,432 
Depreciation
Charge for the period
1,217 
260 
1,477 
At 31 May 2023
1,217 
260 
1,477 
Net book value
At 31 May 2023
2,435 
520 
2,955 
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Islander Edinburgh Ltd Notes to the Accounts for the period from 4 May 2022 to 31 May 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
53,006 
Other debtors
1 
53,007 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
17,928 
Trade creditors
105,290 
Taxes and social security
34,266 
Other creditors
4,928 
Loans from directors
6,484 
168,896 
7
Share capital
2023 
£ 
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.
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