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REGISTERED NUMBER: SC621758 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

STAFFA TRIPS IONA LIMITED

STAFFA TRIPS IONA LIMITED (REGISTERED NUMBER: SC621758)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAFFA TRIPS IONA LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTORS: Graham Lewis Tindal
Sara Elizabeth Tindal





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC621758 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

STAFFA TRIPS IONA LIMITED (REGISTERED NUMBER: SC621758)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 105,000
Tangible assets 5 157,921 146,177
247,921 251,177

CURRENT ASSETS
Debtors 6 4,485 3,384
Cash at bank 112,656 106,519
117,141 109,903
CREDITORS
Amounts falling due within one year 7 142,737 103,878
NET CURRENT (LIABILITIES)/ASSETS (25,596 ) 6,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,325

257,202

CREDITORS
Amounts falling due after more than one
year

8

(63,345

)

(126,210

)

PROVISIONS FOR LIABILITIES (30,008 ) (22,163 )
NET ASSETS 128,972 108,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,872 108,729
SHAREHOLDERS' FUNDS 128,972 108,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

STAFFA TRIPS IONA LIMITED (REGISTERED NUMBER: SC621758)

BALANCE SHEET - continued
28 February 2023


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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Graham Lewis Tindal - Director


STAFFA TRIPS IONA LIMITED (REGISTERED NUMBER: SC621758)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Staffa Trips Iona Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Boat - 4% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

STAFFA TRIPS IONA LIMITED (REGISTERED NUMBER: SC621758)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 150,000
AMORTISATION
At 1 March 2022 45,000
Amortisation for year 15,000
At 28 February 2023 60,000
NET BOOK VALUE
At 28 February 2023 90,000
At 28 February 2022 105,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
Boat machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022 150,000 5,773 22,500 178,273
Additions - 28,385 - 28,385
At 28 February 2023 150,000 34,158 22,500 206,658
DEPRECIATION
At 1 March 2022 18,000 3,338 10,758 32,096
Charge for year 6,000 7,705 2,936 16,641
At 28 February 2023 24,000 11,043 13,694 48,737
NET BOOK VALUE
At 28 February 2023 126,000 23,115 8,806 157,921
At 28 February 2022 132,000 2,435 11,742 146,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,485 3,384

STAFFA TRIPS IONA LIMITED (REGISTERED NUMBER: SC621758)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,210 4,279
Taxation and social security 19,338 11,008
Other creditors 120,189 88,591
142,737 103,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 3,210
Other creditors 63,345 123,000
63,345 126,210