Coastal Connection Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: SC762782

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		120,000		135,000
Tangible Assets	5		713,634		797,024

			833,634		932,024
CURRENT ASSETS
Stocks	6	90,000		91,600
Debtors	7	43,554		65,387
Cash at bank and in hand		304,165		134,618

		437,719		291,605
Creditors: Amounts Falling Due Within One Year	8	(1,063,115 )		(1,077,516 )

NET CURRENT ASSETS (LIABILITIES)			(625,396 )		(785,911 )

TOTAL ASSETS LESS CURRENT LIABILITIES			208,238		146,113

NET ASSETS			208,238		146,113

CAPITAL AND RESERVES
Called up share capital	9		20		20
Income Statement			208,218		146,093

SHAREHOLDERS' FUNDS			208,238		146,113

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Coastal Connection Limited

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr C T Smith

Director

11/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Coastal Connection Limited is a private company, limited by shares, incorporated in Scotland, registered number SC762782 . The registered office is Shiol, Ardentallen, Oban, Argyll, PA34 4SF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The comparative figures presented in these financial statements relate to a period of slightly more than 12 months, from 17 March 2023 to 31 March 2024, due to the company’s extended first accounting period following incorporation.

The current reporting period covers the 12 months ended 31 March 2025. As a result, the comparative figures are not entirely comparable with those of the current period.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Revenue from services are recognised in the period in which the services are rendered, in accordance with the stage of completion at the reporting date.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	5% Straight Line Method
Motor Vehicles	33% Straight Line Method
Fixtures & Fittings	25% Straight Line Method
Computer Equipment	33% Straight Line Method

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Coastal Connection Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	150,000

As at 31 March 2025	150,000

Amortisation
As at 1 April 2024	15,000
Provided during the period	15,000

As at 31 March 2025	30,000

Net Book Value
As at 31 March 2025	120,000

As at 1 April 2024	135,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,114,537	75,957	56,876	1,983	1,249,353

As at 31 March 2025	1,114,537	75,957	56,876	1,983	1,249,353

Depreciation
As at 1 April 2024	388,007	43,159	20,509	654	452,329
Provided during the period	55,727	17,917	9,091	655	83,390

As at 31 March 2025	443,734	61,076	29,600	1,309	535,719

Net Book Value
As at 31 March 2025	670,803	14,881	27,276	674	713,634

As at 1 April 2024	726,530	32,798	36,367	1,329	797,024

6. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	90,000	91,600

7. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	17,807	47,409
Prepayments and accrued income	3,385	-
VAT	22,362	17,978

	43,554	65,387

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Coastal Connection Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	83,848	43,136
Corporation tax	46,110	57,000
Accruals and deferred income	2,750	2,750
Directors' loan accounts	930,407	974,630

	1,063,115	1,077,516

9. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	20	20

10. Related Party Transactions

As at 31 March 2025, the company owed directors £930,407 (£2024: £974,630). The loan is interest-free, unsecured, and repayable on demand.

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