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Registered number: SC296392






Ozone Kitesurf Limited


ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024


ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024





DIRECTORS
M J D Cavanagh
M Taggart



SECRETARY
M J D Cavanagh


REGISTERED OFFICE
16 Barnes Green
Livingston
West Lothian
EH54 8PP


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC296392



ACCOUNTANTS
Hodgson and Company
16 Barnes Green
Livingston
West Lothian
EH54 8PP


ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024



CONTENTS



		Page







Balance Sheet		3

Notes To The Accounts		4


BALANCE SHEET AT 31 December 2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	3		11,477		1,422

CURRENT ASSETS
Stock		19,322		54,139
Debtors	5	247,971		514,396
Cash at bank and in hand		749,518		1,349,993
		1,016,811		1,918,528
CREDITORS: Amounts falling due within one year	6	438,222		951,583
NET CURRENT ASSETS			578,589		966,945
TOTAL ASSETS LESS CURRENT LIABILITIES			590,066		968,367


PROVISIONS FOR LIABILITIES AND CHARGES			437		437

NET ASSETS			589,629		967,930

CAPITAL AND RESERVES

Called up share capital			101		101
Share premium account			157,990		157,990
Capital redemption reserve	7		29		29
Other reserves	7		97,469		197,778
Profit and loss account			334,040		612,032
SHAREHOLDERS' FUNDS			589,629		967,930

For the year ending 31 December 2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 23 April 2025 and signed on their behalf by



.............................
M J D Cavanagh
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 15%
Motor Cars		reducing balance 25%




1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.




3. TANGIBLE FIXED ASSETS


	Equipment	Motor Cars	Total
	£	£	£
Cost
At 1 January 2024	6,199	7,717	13,916
Additions	-	13,755	13,755
At 31 December 2024	6,199	21,472	27,671
Depreciation
At 1 January 2024	5,251	7,243	12,494
For the year	142	3,558	3,700
At 31 December 2024	5,393	10,801	16,194
Net Book Amounts
At 31 December 2024	806	10,671	11,477
At 31 December 2023	948	474	1,422




4. STOCK	2024	2023
	£	£
Stock comprises:

Stock	19,322	54,139
	19,322	54,139




5. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	125,317	221,392
Ozone Gliders Limited	-	16,291
Corporation tax	-	45,644
VAT	25,185	33,291
Other debtors	97,469	197,778
	247,971	514,396




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Corporation tax	6,818	-
Trade creditors	71,019	263,156
Other creditors	97,469	197,778
Accruals	262,916	490,649
	438,222	951,583




7. OTHER RESERVES	2024	2023
	£	£
Capital redemption reserve	29	29
Non-distributable reserves	97,469	197,778
	97,498	197,807




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	2	2