ISLANDER EDINBURGH LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC731424

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		90,581		79,771
Investments	5		50,000		-

			140,581		79,771
CURRENT ASSETS
Stocks	6	224,942		227,546
Debtors	7	772,130		578,802
Cash at bank and in hand		617,890		1,451,934

		1,614,962		2,258,282
Creditors: Amounts Falling Due Within One Year	8	(345,146 )		(1,469,376 )

NET CURRENT ASSETS (LIABILITIES)			1,269,816		788,906

TOTAL ASSETS LESS CURRENT LIABILITIES			1,410,397		868,677

NET ASSETS			1,410,397		868,677

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			1,410,396		868,676

SHAREHOLDERS' FUNDS			1,410,397		868,677

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ISLANDER EDINBURGH LTD

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms P Ferguson

Director

22/05/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

ISLANDER EDINBURGH LTD is a private company, limited by shares, incorporated in Scotland, registered number SC731424 . The registered office is 11a Bankhead Crossway North, Edinburgh, Scotland, EH11 4DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	3 Years Straight Line
Motor Vehicles	4 Years Straight Line
Fixtures & Fittings	3 Years Straight Line
Computer Equipment	3 Years Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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ISLANDER EDINBURGH LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.9. Operating lease rentals

Rentals payable under oerating leases are charged against income on a straightline basis.

2.10. Investments

Other investments are initially recognised at cost. They are subsequently measured at cost less any provision for impairment, unless their fair value can be measured reliably, in which case they are measured at fair value with changes recognised in profit or loss.

The directors review the carrying value of investments at each reporting date and make provision where there is evidence of impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: 21)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 June 2024	-	5,394	73,645	10,806	89,845
Additions	9,220	-	44,132	6,653	60,005

As at 31 May 2025	9,220	5,394	117,777	17,459	149,850

Depreciation
As at 1 June 2024	-	112	8,124	1,838	10,074
Provided during the period	3,073	1,349	39,259	5,514	49,195

As at 31 May 2025	3,073	1,461	47,383	7,352	59,269

Net Book Value
As at 31 May 2025	6,147	3,933	70,394	10,107	90,581

As at 1 June 2024	-	5,282	65,521	8,968	79,771

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ISLANDER EDINBURGH LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

5. Investments

	Other
	£
Cost
As at 1 June 2024	-
Additions	50,000

As at 31 May 2025	50,000

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	50,000

As at 1 June 2024	-

6. Stocks

	2025	2024
	£	£
Stock	224,942	227,546

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	427,433	129,281
Other debtors	344,697	449,521

	772,130	578,802

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	996,960
Other creditors	79,700	115,866
Taxation and social security	265,447	356,550

	345,146	1,469,376

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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ISLANDER EDINBURGH LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Ms Pei Ferguson	355,154	357,716	480,952	-	231,918

The above loan is unsecured and repayable on demand. Interest has been charged on the loan at HMRC official rates: 2.25% to 5 April 2025 and 3.75% from 6 April 2025. Interest charged during the year has been added to the director’s loan account.

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