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
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
ISLAND BLUE PUBLISHING (HEBRIDES) LTD
Statement of financial position
as at 31 January 2024
Tangible assets
3,637
14,905
Cash at bank and in hand
1,245
753
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)
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
ISLAND BLUE PUBLISHING (HEBRIDES) LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
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:
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
Disposals
(15,300)
-
(15,300)
At 31 January 2024
-
6,977
6,977
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
At 31 January 2024
-
3,637
3,637
At 31 January 2023
11,475
3,430
14,905
ISLAND BLUE PUBLISHING (HEBRIDES) LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,482
10,000
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
7
Creditors: amounts falling due after more than one year
2024
2023
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
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).