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REGISTERED NUMBER: 12084873 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2023

for

The Island 19 Limited

The Island 19 Limited (Registered number: 12084873)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Island 19 Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T G Ashton
Mrs J J O'Neill
J O'Neill





REGISTERED OFFICE: 4 Ely Crescent
Failsworth
Manchester
M35 0GR





REGISTERED NUMBER: 12084873 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

The Island 19 Limited (Registered number: 12084873)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,682 14,172

CURRENT ASSETS
Debtors 6 1,386 -
Cash at bank and in hand 661 3,028
2,047 3,028
CREDITORS
Amounts falling due within one year 7 11,858 15,548
NET CURRENT LIABILITIES (9,811 ) (12,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,871

1,652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,771 1,552
SHAREHOLDERS' FUNDS 2,871 1,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





T G Ashton - Director


The Island 19 Limited (Registered number: 12084873)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

The Island 19 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Island 19 Limited (Registered number: 12084873)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 14,154 5,483 174 19,811
Additions 568 - 130 698
At 31 July 2023 14,722 5,483 304 20,509
DEPRECIATION
At 1 August 2022 4,051 1,526 62 5,639
Charge for year 1,523 593 72 2,188
At 31 July 2023 5,574 2,119 134 7,827
NET BOOK VALUE
At 31 July 2023 9,148 3,364 170 12,682
At 31 July 2022 10,103 3,957 112 14,172

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,386 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2 1
Taxation and social security 538 -
Other creditors 11,318 15,547
11,858 15,548

The Island 19 Limited (Registered number: 12084873)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs J J O'Neill
Balance outstanding at start of year (14,226 ) (22,409 )
Amounts advanced 6,000 9,383
Amounts repaid - (1,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,226 ) (14,226 )

T G Ashton
Balance outstanding at start of year - -
Amounts repaid (2,493 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,493 ) -

9. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 17 November 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party is the company's directors acting in concert.

The ultimate controlling party is the company's directors acting in concert.