Company Registration No. SC722176 (Scotland)
Rugged Watersports Ltd
Unaudited accounts
for the year ended 28 February 2025
Rugged Watersports Ltd
Unaudited accounts
Contents
Rugged Watersports Ltd
Company Information
for the year ended 28 February 2025
Directors
Robert Blair Kingsland
Keren Louise Smail
Company Number
SC722176 (Scotland)
Registered Office
River Coe Lodge
Glencoe
Ballachulish
Argyll
PH49 4HP
Scotland
Accountants
Sarah Kennedy
Nevis Accountancy Services Limited
Office 6, An Drochaid, Claggan Road
Claggan, Fort William
Inverness-shire
PH33 6PH
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Rugged Watersports Ltd
for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Rugged Watersports Ltd for the year ended
28 February 2025 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Rugged Watersports Ltd, as a body, in accordance with the terms of our engagement letter dated 19 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Rugged Watersports Ltd and state those matters that we have agreed to state to the Board of Directors of Rugged Watersports Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rugged Watersports Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rugged Watersports Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rugged Watersports Ltd. You consider that Rugged Watersports Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rugged Watersports Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sarah Kennedy
Chartered Certified Accountants
Nevis Accountancy Services Limited
Office 6, An Drochaid, Claggan Road
Claggan, Fort William
Inverness-shire
PH33 6PH
13 December 2025
Rugged Watersports Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
24,434
14,929
Cash at bank and in hand
10,232
5,581
Creditors: amounts falling due within one year
(6,603)
(4,501)
Net current assets
19,652
25,634
Called up share capital
2
2
Profit and loss account
44,084
40,561
Shareholders' funds
44,086
40,563
For the year ending 28 February 2025 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 13 December 2025 and were signed on its behalf by
Keren Louise Smail
Director
Company Registration No. SC722176
Rugged Watersports Ltd
Notes to the Accounts
for the year ended 28 February 2025
Rugged Watersports Ltd is a private company, limited by shares, registered in Scotland, registration number SC722176. The registered office is River Coe Lodge, Glencoe, Ballachulish, Argyll, PH49 4HP, 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 remained unchanged from the previous year, and also 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
Motor vehicles
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rugged Watersports Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2024
20,588
-
20,588
Additions
5,581
12,500
18,081
At 28 February 2025
25,628
12,500
38,128
At 1 March 2024
5,659
-
5,659
Charge for the year
5,234
3,125
8,359
At 28 February 2025
10,569
3,125
13,694
At 28 February 2025
15,059
9,375
24,434
At 29 February 2024
14,929
-
14,929
Amounts falling due within one year
Accrued income and prepayments
709
1,148
Other debtors
14,802
23,297
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,619
2,425
Deferred income
1,465
1,555
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2024: 0).