Silverfin false false 30/09/2024 01/10/2023 30/09/2024 L M Meech 25/04/2006 C A Meech 25/04/2006 E L Meech 06/04/2021 19 June 2025 The principle activity of the Company during the financial year was the online selling of water clothing accessories. 05793752 2024-09-30 05793752 bus:Director1 2024-09-30 05793752 bus:Director2 2024-09-30 05793752 bus:Director3 2024-09-30 05793752 2023-09-30 05793752 core:CurrentFinancialInstruments 2024-09-30 05793752 core:CurrentFinancialInstruments 2023-09-30 05793752 core:Non-currentFinancialInstruments 2024-09-30 05793752 core:Non-currentFinancialInstruments 2023-09-30 05793752 core:ShareCapital 2024-09-30 05793752 core:ShareCapital 2023-09-30 05793752 core:RetainedEarningsAccumulatedLosses 2024-09-30 05793752 core:RetainedEarningsAccumulatedLosses 2023-09-30 05793752 core:Vehicles 2023-09-30 05793752 core:FurnitureFittings 2023-09-30 05793752 core:OfficeEquipment 2023-09-30 05793752 core:Vehicles 2024-09-30 05793752 core:FurnitureFittings 2024-09-30 05793752 core:OfficeEquipment 2024-09-30 05793752 bus:OrdinaryShareClass1 2024-09-30 05793752 2023-10-01 2024-09-30 05793752 bus:FilletedAccounts 2023-10-01 2024-09-30 05793752 bus:SmallEntities 2023-10-01 2024-09-30 05793752 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05793752 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05793752 bus:Director1 2023-10-01 2024-09-30 05793752 bus:Director2 2023-10-01 2024-09-30 05793752 bus:Director3 2023-10-01 2024-09-30 05793752 core:Vehicles 2023-10-01 2024-09-30 05793752 core:FurnitureFittings 2023-10-01 2024-09-30 05793752 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 05793752 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 05793752 2022-10-01 2023-09-30 05793752 core:OfficeEquipment 2023-10-01 2024-09-30 05793752 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 05793752 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05793752 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05793752 (England and Wales)

BIG ORANGE WATERSPORTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

BIG ORANGE WATERSPORTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

BIG ORANGE WATERSPORTS LIMITED

BALANCE SHEET

As at 30 September 2024
BIG ORANGE WATERSPORTS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,234 5,636
3,234 5,636
Current assets
Stocks 366,441 354,868
Debtors 4 2,873 9,425
Cash at bank and in hand 96,746 50,644
466,060 414,937
Creditors: amounts falling due within one year 5 ( 285,641) ( 170,808)
Net current assets 180,419 244,129
Total assets less current liabilities 183,653 249,765
Creditors: amounts falling due after more than one year 6 ( 21,667) ( 41,667)
Net assets 161,986 208,098
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 161,886 207,998
Total shareholders' funds 161,986 208,098

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Big Orange Watersports Limited (registered number: 05793752) were approved and authorised for issue by the Board of Directors on 19 June 2025. They were signed on its behalf by:

L M Meech
Director
BIG ORANGE WATERSPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
BIG ORANGE WATERSPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Big Orange Watersports Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3 Delaware Industrial Estate, Delaware Road, Gunnislake, PL18 9AR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
10 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 October 2023 12,338 31,929 14,415 58,682
At 30 September 2024 12,338 31,929 14,415 58,682
Accumulated depreciation
At 01 October 2023 12,021 28,673 12,352 53,046
Charge for the financial year 79 814 1,509 2,402
At 30 September 2024 12,100 29,487 13,861 55,448
Net book value
At 30 September 2024 238 2,442 554 3,234
At 30 September 2023 317 3,256 2,063 5,636

4. Debtors

2024 2023
£ £
Trade debtors 2,873 8,033
Other debtors 0 1,392
2,873 9,425

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 20,000 20,000
Trade creditors 96,065 60,907
Other taxation and social security 9,140 9,050
Other creditors 160,436 80,851
285,641 170,808

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 21,667 41,667

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100