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REGISTERED NUMBER: 12084873 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2024

for

The Island 19 Limited

The Island 19 Limited (Registered number: 12084873)

Contents of the Financial Statements
for the Year Ended 31 July 2024










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 2024







DIRECTOR: T G Ashton





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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,120 12,682

CURRENT ASSETS
Debtors 6 1,279 1,386
Cash at bank 767 661
2,046 2,047
CREDITORS
Amounts falling due within one year 7 13,166 11,858
NET CURRENT LIABILITIES (11,120 ) (9,811 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

2,871

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (100 ) 2,771
SHAREHOLDERS' FUNDS - 2,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 November 2024 and were signed by:





T G Ashton - Director


The Island 19 Limited (Registered number: 12084873)

Notes to the Financial Statements
for the Year Ended 31 July 2024


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 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 14,722 5,483 304 20,509
Additions - - 547 547
At 31 July 2024 14,722 5,483 851 21,056
DEPRECIATION
At 1 August 2023 5,574 2,119 134 7,827
Charge for year 1,372 505 232 2,109
At 31 July 2024 6,946 2,624 366 9,936
NET BOOK VALUE
At 31 July 2024 7,776 2,859 485 11,120
At 31 July 2023 9,148 3,364 170 12,682

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,279 1,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 2
Taxation and social security 2,429 538
Other creditors 10,736 11,318
13,166 11,858

The Island 19 Limited (Registered number: 12084873)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mrs J J O'Neill
Balance outstanding at start of year (8,226 ) (14,226 )
Amounts advanced - 6,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (8,226 )

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

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,662 were paid to the directors .

10. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 8 November 2024

11. 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.