SC296392 false Design and sale of inflatable surf wings 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/2024-12-31 http://www.companieshouse.gov.uk/cd:CompanySecretary1 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-12-31 http://www.companieshouse.gov.uk/cd:Director1 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:SharePremium 2024-12-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-12-31 http://www.companieshouse.gov.uk/cd:Director2 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve 2024-12-31 http://www.companieshouse.gov.uk/pt:SharePremium 2025-12-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2024-12-31 http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve 2025-12-31 http://www.companieshouse.gov.uk/pt:MotorCars 2024-12-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2025-12-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:MotorCars 2025-12-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-12-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-12-31 http://www.companieshouse.gov.uk/2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/2024-12-31 http://www.companieshouse.gov.uk/cd:FRS102 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/2025-12-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/cd:FilletedAccounts 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC296392
Ozone Kitesurf Limited
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025

Ozone Kitesurf Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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

Ozone Kitesurf Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025
CONTENTS |  |
|  | Page
Balance Sheet |  | 3
Notes To The Accounts |  | 4

Ozone Kitesurf Limited

BALANCE SHEET AT 31 December 2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 7,828 |  |  |  | 11,477
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | - |  |  |  | 19,322 |  |
Debtors |  | 5 |  | 548,961 |  |  |  | 247,971 |  |
Cash at bank and in hand |  |  |  | 816,755 |  |  |  | 749,518 |  |
|  |  |  | 1,365,716 |  |  |  | 1,016,811 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 949,655 |  |  |  | 438,222 |  |
NET CURRENT ASSETS |  |  |  |  |  | 416,061 |  |  |  | 578,589
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 423,889 |  |  |  | 590,066
PROVISIONS FOR LIABILITIES AND CHARGES |  |  |  |  |  | 437 |  |  |  | 437
NET ASSETS |  |  |  |  |  | 423,452 |  |  |  | 589,629
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  |  | 101 |  |  |  | 101
Share premium account |  |  |  |  |  | 157,990 |  |  |  | 157,990
Capital redemption reserve |  |  |  |  |  | 29 |  |  |  | 29
Other reserves |  |  |  |  |  | 84,578 |  |  |  | 97,469
Profit and loss account |  |  |  |  |  | 180,754 |  |  |  | 334,040
SHAREHOLDERS' FUNDS |  |  |  |  |  | 423,452 |  |  |  | 589,629
For the year ending 31 December 2025 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 26 June 2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
M J D Cavanagh |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Ozone Kitesurf Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES

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.

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%

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.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 2 |  | 2

Ozone Kitesurf Limited

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Equipment |  | Motor Cars |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 1 January 2025 |  | 6,199 |  | 21,471 |  | 27,670
At 31 December 2025 |  | 6,199 |  | 21,471 |  | 27,670
Depreciation |  |  |  |  |  |
At 1 January 2025 |  | 5,393 |  | 10,800 |  | 16,193
For the year |  | 121 |  | 3,528 |  | 3,649
At 31 December 2025 |  | 5,514 |  | 14,328 |  | 19,842
Net Book Amounts |  |  |  |  |  |
At 31 December 2025 |  | 685 |  | 7,143 |  | 7,828
At 31 December 2024 |  | 806 |  | 10,671 |  | 11,477

4. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | - |  | 19,322
|  |  |  | - |  | 19,322

5. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 408,103 |  | 125,317
VAT |  |  |  | 56,280 |  | 25,185
Other debtors |  |  |  | 84,578 |  | 97,469
|  |  |  | 548,961 |  | 247,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Corporation tax |  |  |  | - |  | 6,818
Trade creditors |  |  |  | 243,376 |  | 71,019
Other creditors |  |  |  | 84,578 |  | 97,469
Accruals |  |  |  | 621,701 |  | 262,916
|  |  |  | 949,655 |  | 438,222