Clyde Outboard Services Limited

Registered number

SC303012

Filleted Accounts

31 January 2026

Clyde Outboard Services Limited
Registered number:		SC303012
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		23,688			22,928
Investments	4		2,488			2,488
			26,176			25,416

Current assets
Stocks		118,541			94,504
Debtors	5	8,394			17,134
Cash at bank and in hand		50,802			50,041
		177,737			161,679

Creditors: amounts falling due within one year	6	(88,075)			(88,600)

Net current assets			89,662			73,079

Total assets less current liabilities			115,838			98,495

Creditors: amounts falling due after more than one year	7		(17,410)			(21,856)



Net assets			98,428			76,639

Capital and reserves
Called up share capital			500			500
Profit and loss account			97,928			76,139

Shareholder's funds			98,428			76,639

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Cameron Radford
Director
Approved by the board on 24 April 2026

Clyde Outboard Services Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	32,989		26,294		59,283
	Additions	6,000		-		6,000
	At 31 January 2026	38,989		26,294		65,283

	Depreciation
	At 1 February 2025	19,071		17,284		36,355
	Charge for the year	2,987		2,253		5,240
	At 31 January 2026	22,058		19,537		41,595

	Net book value
	At 31 January 2026	16,931		6,757		23,688
	At 31 January 2025	13,918		9,010		22,928


4	Investments

Other
investments
£
	Cost
	At 1 February 2025					2,488

	At 31 January 2026					2,488


5	Debtors			2026		2025
£					£

	Trade debtors			8,394		17,134


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			4,445		4,445
	Trade creditors			47,656		53,993
	Corporation tax			30,384		16,639
	Other taxes and social security costs			4,390		12,172
	Other creditors			1,200		1,351
				88,075		88,600


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			17,410		21,856


8	Controlling party

	The controlling party is Cameron Radford who owns 100% of the issued share capital of the company.


9	Other information

	Clyde Outboard Services Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Units 3a/3b/4
	Ardgowan Street Kingston Industrial Estate
	PORT GLASGOW
	PA14 5DG