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Company Registration No. SC762782 (Scotland)
Coastal Connection Limited UNAUDITED ACCOUNTS for the period from 17 March 2023 to 31 March 2024
Coastal Connection Limited UNAUDITED ACCOUNTS Contents
Page
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Coastal Connection Limited Company Information for the period from 17 March 2023 to 31 March 2024
Directors
Mr C T Smith   Mr S K Smith  
Company Number
SC762782 (Scotland)
Registered Office
Shiol Ardentallen Oban Argyll PA34 4SF United Kingdom
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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Coastal Connection Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
135,000 
Tangible assets
797,024 
932,024 
Current assets
Inventories
91,600 
Debtors
65,387 
Cash at bank and in hand
134,618 
291,605 
Creditors: amounts falling due within one year
(1,077,516)
Net current liabilities
(785,911)
Net assets
146,113 
Capital and reserves
Called up share capital
20 
Profit and loss account
146,093 
Shareholders' funds
146,113 
For the period ending 31 March 2024 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 11 January 2025 and were signed on its behalf by
Mr C T Smith   Director Company Registration No. SC762782
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Coastal Connection Limited Notes to the Accounts for the period from 17 March 2023 to 31 March 2024
1
Statutory information
Coastal Connection Limited is a private company, limited by shares, registered in Scotland, registration number SC762782. The registered office is Shiol, Ardentallen, Oban, Argyll, PA34 4SF, United Kingdom.
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.
3
Accounting policies
These financial statements for the period from 17 March 2023 to 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 17 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
5% Straight Line Method
Motor vehicles
33% Straight Line Method
Fixtures & fittings
25% Straight Line Method
Computer equipment
33% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Coastal Connection Limited Notes to the Accounts for the period from 17 March 2023 to 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 17 March 2023
- 
Additions
150,000 
At 31 March 2024
150,000 
Amortisation
At 17 March 2023
- 
Charge for the period
15,000 
At 31 March 2024
15,000 
Net book value
At 31 March 2024
135,000 
Amortisation over 10 years straight line
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 17 March 2023
1,114,537 
52,797 
56,876 
1,983 
1,226,193 
Additions
- 
23,160 
- 
- 
23,160 
At 31 March 2024
1,114,537 
75,957 
56,876 
1,983 
1,249,353 
Depreciation
At 17 March 2023
349,768 
37,462 
8,388 
- 
395,618 
Charge for the period
38,239 
5,697 
12,121 
654 
56,711 
At 31 March 2024
388,007 
43,159 
20,509 
654 
452,329 
Net book value
At 31 March 2024
726,530 
32,798 
36,367 
1,329 
797,024 
6
Debtors
2024 
£ 
Amounts falling due within one year
VAT
17,978 
Trade debtors
47,409 
65,387 
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
43,136 
Taxes and social security
57,000 
Loans from directors
974,630 
Accruals
2,750 
1,077,516 
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Coastal Connection Limited Notes to the Accounts for the period from 17 March 2023 to 31 March 2024
8
Share capital
2024 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20 
Shares issued during the period:
20 Ordinary shares of £1 each
20 
9
Transactions with related parties
At the year end, the company owes directors £974,630. This loan is interest free and repayable on demand.
10
Average number of employees
During the period the average number of employees was 3.
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