Company Registration No. SC722176 (Scotland)
Rugged Watersports Ltd
Unaudited accounts
for the period from 6 February 2022 to 28 February 2023
Rugged Watersports Ltd
Unaudited accounts
Contents
Rugged Watersports Ltd
Company Information
for the period from 6 February 2022 to 28 February 2023
Directors
Robert Blair Kingsland
Keren Louise Smail
Company Number
SC722176 (Scotland)
Registered Office
ETIVE COTTAGE
GLENCOE
BALLACHULISH
PH49 4HS
SCOTLAND
Accountants
Sarah Kennedy
Nevis Accountancy Services Limited
Office 6, An Drochaid, Claggan Road
Claggan, Fort William
Inverness-shire
PH33 6PH
Rugged Watersports Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
28,886
Creditors: amounts falling due within one year
(14,455)
Profit and loss account
21,412
Shareholders' funds
21,414
For the period ending 28 February 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
Robert Blair Kingsland
Director
Company Registration No. SC722176
Rugged Watersports Ltd
Notes to the Accounts
for the period from 6 February 2022 to 28 February 2023
Rugged Watersports Ltd is a private company, limited by shares, registered in Scotland, registration number SC722176. The registered office is ETIVE COTTAGE, GLENCOE, BALLACHULISH, PH49 4HS, 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 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:
Plant & machinery
20% straight line
4
Tangible fixed assets
Plant & machinery
Charge for the period
1,891
Amounts falling due within one year
Accrued income and prepayments
816
Rugged Watersports Ltd
Notes to the Accounts
for the period from 6 February 2022 to 28 February 2023
6
Creditors: amounts falling due within one year
2023
Taxes and social security
3,115
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
Shares issued during the period:
2 Ordinary shares of £1 each
2
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Transactions with related parties
The initial equipment of 12 paddleboards, various buoyancy aids and wetsuits that are used in the company was sold from the Directors other company (The Rugged Group Limited) on 03/03/22. This is showing as a creditor at the period end (£10,464).
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Average number of employees
During the period the average number of employees was 0.