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Company Registration No. SC565281 (Scotland)
Isola Edinburgh Limited Unaudited accounts for the year ended 31 July 2024
Isola Edinburgh Limited Unaudited accounts Contents
Page
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Isola Edinburgh Limited Company Information for the year ended 31 July 2024
Director
Federica Liguori
Company Number
SC565281 (Scotland)
Registered Office
85-87 NEWINGTON ROAD EDINBURGH EH9 1QW SCOTLAND
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
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Isola Edinburgh Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,658 
9,180 
Current assets
Inventories
519 
1,500 
Cash at bank and in hand
53,550 
49,223 
54,069 
50,723 
Creditors: amounts falling due within one year
(24,251)
(19,313)
Net current assets
29,818 
31,410 
Net assets
34,476 
40,590 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
34,474 
40,588 
Shareholders' funds
34,476 
40,590 
For the year ending 31 July 2024 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 8 October 2024 and were signed on its behalf by
Federica Liguori Director Company Registration No. SC565281
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Isola Edinburgh Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Isola Edinburgh Limited is a private company, limited by shares, registered in Scotland, registration number SC565281. The registered office is 85-87 NEWINGTON ROAD, EDINBURGH, EH9 1QW, 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 remained unchanged from the previous year, and also 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
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2023
22,610 
At 31 July 2024
22,610 
Depreciation
At 1 August 2023
13,430 
Charge for the year
4,522 
At 31 July 2024
17,952 
Net book value
At 31 July 2024
4,658 
At 31 July 2023
9,180 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,973 
13,318 
Trade creditors
3,358 
- 
Taxes and social security
8,920 
5,995 
24,251 
19,313 
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Isola Edinburgh Limited Notes to the Accounts for the year ended 31 July 2024
6
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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