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ADVENTURE ISLAND LTD

Unaudited Financial Statements

for the Year Ended 31 July 2024






ADVENTURE ISLAND LTD (REGISTERED NUMBER: 12080759)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

ADVENTURE ISLAND LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M/S S J Valente



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 12080759 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: National Westmenister Bank plc
63 North Street
Keighley
Bradford
West Yorkshire
BD21 3SB

ADVENTURE ISLAND LTD (REGISTERED NUMBER: 12080759)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,499 15,554

CURRENT ASSETS
Debtors 5 30,000 11,322
Cash at bank and in hand 29,644 64,170
59,644 75,492
CREDITORS
Amounts falling due within one year 6 29,804 36,783
NET CURRENT ASSETS 29,840 38,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,339

54,263

CREDITORS
Amounts falling due after more than one
year

7

10,059

19,152
NET ASSETS 35,280 35,111

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 34,280 34,111
SHAREHOLDERS' FUNDS 35,280 35,111

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 her 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 31 January 2025 and were signed by:





M/S S J Valente - Director


ADVENTURE ISLAND LTD (REGISTERED NUMBER: 12080759)

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


1. STATUTORY INFORMATION

Adventure Island Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

ADVENTURE ISLAND LTD (REGISTERED NUMBER: 12080759)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 4,107 25,020 1,259 30,386
Additions 424 969 1,500 2,893
Disposals - - (1,259 ) (1,259 )
At 31 July 2024 4,531 25,989 1,500 32,020
DEPRECIATION
At 1 August 2023 1,777 11,797 1,258 14,832
Charge for year 407 2,040 500 2,947
Eliminated on disposal - - (1,258 ) (1,258 )
At 31 July 2024 2,184 13,837 500 16,521
NET BOOK VALUE
At 31 July 2024 2,347 12,152 1,000 15,499
At 31 July 2023 2,330 13,223 1 15,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Directors' loan accounts - 11,322
Prepayments 30,000 -
30,000 11,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors - 1,081
Tax 8,955 8,955
Social security and other taxes 109 387
Pensions - 12
VAT 3,174 4,300
Directors' loan accounts 3,200 -
Accrued expenses 3,718 11,400
29,804 36,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 10,059 19,152

ADVENTURE ISLAND LTD (REGISTERED NUMBER: 12080759)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
900 Ordinary A shares £1 900 900
100 Ordinary B shares £1 100 100
1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 August 2023 34,111
Profit for the year 169
At 31 July 2024 34,280

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Adventure Island Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adventure Island Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Adventure Island Ltd in accordance with the terms of our engagement letter dated 2 July 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Adventure Island Ltd and state those matters that we have agreed to state to the director of Adventure Island Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adventure Island Ltd and its director for our work or for this report.

It is your duty to ensure that Adventure Island Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adventure Island Ltd. You consider that Adventure Island Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adventure Island Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


31 January 2025