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Company Registration No. SC524428 (Scotland)
ISLAND BLUE PUBLISHING (HEBRIDES) LTD Unaudited accounts for the year ended 31 January 2024
ISLAND BLUE PUBLISHING (HEBRIDES) LTD Unaudited accounts Contents
Page
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ISLAND BLUE PUBLISHING (HEBRIDES) LTD Company Information for the year ended 31 January 2024
Director
MARTIN DOUGLAS GUPPY
Company Number
SC524428 (Scotland)
Registered Office
UNIT 2 TOBERMORY ISLE OF MULL PA75 6QA SCOTLAND
Accountants
Brand Jamieson & Co Ltd 2 Victoria Place Rutherglen Glasgow G73 2JP
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ISLAND BLUE PUBLISHING (HEBRIDES) LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,637 
14,905 
Current assets
Inventories
52,100 
26,300 
Debtors
2,611 
8,551 
Cash at bank and in hand
1,245 
753 
55,956 
35,604 
Creditors: amounts falling due within one year
(95,703)
(75,204)
Net current liabilities
(39,747)
(39,600)
Total assets less current liabilities
(36,110)
(24,695)
Creditors: amounts falling due after more than one year
(83,906)
(75,240)
Net liabilities
(120,016)
(99,935)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(120,017)
(99,936)
Shareholders' funds
(120,016)
(99,935)
For the year ending 31 January 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 his 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 25 October 2024 and were signed on its behalf by
MARTIN DOUGLAS GUPPY Director Company Registration No. SC524428
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ISLAND BLUE PUBLISHING (HEBRIDES) LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ISLAND BLUE PUBLISHING (HEBRIDES) LTD is a private company, limited by shares, registered in Scotland, registration number SC524428. The registered office is UNIT 2, TOBERMORY, ISLE OF MULL, PA75 6QA, 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:
Motor vehicles
25% reducing balance.
Fixtures & fittings
15% reducing balance.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
15,300 
6,129 
21,429 
Additions
- 
848 
848 
Disposals
(15,300)
- 
(15,300)
At 31 January 2024
- 
6,977 
6,977 
Depreciation
At 1 February 2023
3,825 
2,699 
6,524 
Charge for the year
- 
641 
641 
On disposals
(3,825)
- 
(3,825)
At 31 January 2024
- 
3,340 
3,340 
Net book value
At 31 January 2024
- 
3,637 
3,637 
At 31 January 2023
11,475 
3,430 
14,905 
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ISLAND BLUE PUBLISHING (HEBRIDES) LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,611 
8,551 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,482 
10,000 
VAT
10,894 
6,366 
Obligations under finance leases and hire purchase contracts
- 
3,325 
Trade creditors
43,145 
14,393 
Taxes and social security
8,426 
12,727 
Other creditors
19,500 
23,500 
Accruals
7,256 
4,893 
95,703 
75,204 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,573 
33,333 
Obligations under finance leases and hire purchase contracts
- 
8,590 
Amounts owed to group undertakings and other participating interests
40,571 
26,495 
Loans from directors
8,762 
6,822 
83,906 
75,240 
8
Controlling party
The ultimate controlling party is Martin Douglas Guppy.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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