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REGISTERED NUMBER: SC582615 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 November 2021

for

Stonehaven Paddleboarding Ltd

Stonehaven Paddleboarding Ltd (Registered number: SC582615)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Stonehaven Paddleboarding Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTORS: D Jacobs
A Jacobs





REGISTERED OFFICE: 7 Robert Street
Stonehaven
Aberdeenshire
AB39 2DN





REGISTERED NUMBER: SC582615 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
12 Allardice Street
Stonehaven
Aberdeenshire
AB39 2BQ

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Report of the Directors
for the Year Ended 30 November 2021

The directors present their report with the financial statements of the company for the year ended 30 November 2021.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2020 to the date of this report.

D Jacobs
A Jacobs

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Jacobs - Director


3 August 2022

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Income Statement
for the Year Ended 30 November 2021

30.11.21 30.11.20
Notes £    £   

TURNOVER 99,197 88,227

Cost of sales 39,727 28,136
GROSS PROFIT 59,470 60,091

Administrative expenses 36,465 30,432
23,005 29,659

Other operating income 7,872 7,276
OPERATING PROFIT 4 30,877 36,935

Interest receivable and similar income - 3
PROFIT BEFORE TAXATION 30,877 36,938

Tax on profit 4,779 6,078
PROFIT FOR THE FINANCIAL YEAR 26,098 30,860

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,900 13,175

CURRENT ASSETS
Cash at bank 26,361 26,928

CREDITORS
Amounts falling due within one year 6 5,363 14,703
NET CURRENT ASSETS 20,998 12,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,898

25,400

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 30,896 25,398
SHAREHOLDERS' FUNDS 30,898 25,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2022 and were signed on its behalf by:





D Jacobs - Director


Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Stonehaven Paddleboarding Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.21 30.11.20
£    £   
Depreciation - owned assets 3,275 3,300

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 23,243
DEPRECIATION
At 1 December 2020 10,068
Charge for year 3,275
At 30 November 2021 13,343
NET BOOK VALUE
At 30 November 2021 9,900
At 30 November 2020 13,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Taxation and social security 4,779 6,078
Other creditors 584 8,625
5,363 14,703