| Och Aye Canoe Ltd |
| Registered number: |
SC724940 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
17,609 |
|
|
19,869 |
|
| Current assets |
| Cash at bank and in hand |
|
|
2,137 |
|
|
2,537 |
|
| Creditors: amounts falling due within one year |
4 |
|
(2,332) |
|
|
(1,146) |
|
| Net current (liabilities)/assets |
|
|
|
(195) |
|
|
1,391 |
|
| Total assets less current liabilities |
|
|
|
17,414 |
|
|
21,260 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(7,083) |
|
|
(16,507) |
|
|
|
| Net assets |
|
|
|
10,331 |
|
|
4,753 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
- |
| Profit and loss account |
|
|
|
10,231 |
|
|
4,753 |
|
| Shareholder's funds |
|
|
|
10,331 |
|
|
4,753 |
|
|
|
|
|
|
|
|
| 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 her 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. |
|
|
|
|
| S Thomson |
| Director |
| Approved by the board on 23 April 2026 |
|
| Och Aye Canoe Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
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: |
|
|
Motor Vehicles |
25% on a reducing balance basis |
|
Fixtures, fittings, tools and equipment |
15% on a reducing balance basis |
|
|
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. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
11,424 |
|
18,995 |
|
30,419 |
|
Additions |
1,898 |
|
- |
|
1,898 |
|
At 31 March 2026 |
13,322 |
|
18,995 |
|
32,317 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
2,833 |
|
7,717 |
|
10,550 |
|
Charge for the year |
1,339 |
|
2,819 |
|
4,158 |
|
At 31 March 2026 |
4,172 |
|
10,536 |
|
14,708 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
9,150 |
|
8,459 |
|
17,609 |
|
At 31 March 2025 |
8,591 |
|
11,278 |
|
19,869 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
1,702 |
|
516 |
|
Other creditors |
630 |
|
630 |
|
|
|
|
|
|
2,332 |
|
1,146 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Director's account |
85 |
|
7,527 |
|
Obligations under finance lease and hire purchase contracts |
6,998 |
|
8,980 |
|
|
|
|
|
|
7,083 |
|
16,507 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Och Aye Canoe Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
1 Victoria Road |
|
Kirkcaldy |
|
Fife |
|
KY1 1DT |