IRIS Accounts Production v23.1.5.20 05079061 Board of Directors 1.6.21 31.5.22 31.5.22 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050790612021-05-31050790612022-05-31050790612021-06-012022-05-31050790612020-05-31050790612020-06-012021-05-31050790612021-05-3105079061ns15:EnglandWales2021-06-012022-05-3105079061ns14:PoundSterling2021-06-012022-05-3105079061ns10:Director12021-06-012022-05-3105079061ns10:PrivateLimitedCompanyLtd2021-06-012022-05-3105079061ns10:SmallEntities2021-06-012022-05-3105079061ns10:AuditExempt-NoAccountantsReport2021-06-012022-05-3105079061ns10:SmallCompaniesRegimeForDirectorsReport2021-06-012022-05-3105079061ns10:SmallCompaniesRegimeForAccounts2021-06-012022-05-3105079061ns10:FullAccounts2021-06-012022-05-3105079061ns10:Director22021-06-012022-05-3105079061ns10:RegisteredOffice2021-06-012022-05-3105079061ns5:CurrentFinancialInstruments2022-05-3105079061ns5:CurrentFinancialInstruments2021-05-3105079061ns5:ShareCapital2022-05-3105079061ns5:ShareCapital2021-05-3105079061ns5:RetainedEarningsAccumulatedLosses2022-05-3105079061ns5:RetainedEarningsAccumulatedLosses2021-05-3105079061ns5:PlantMachinery2021-06-012022-05-3105079061ns5:FurnitureFittings2021-06-012022-05-3105079061ns5:ComputerEquipment2021-06-012022-05-3105079061ns5:PlantMachinery2021-05-3105079061ns5:FurnitureFittings2021-05-3105079061ns5:ComputerEquipment2021-05-3105079061ns5:PlantMachinery2022-05-3105079061ns5:FurnitureFittings2022-05-3105079061ns5:ComputerEquipment2022-05-3105079061ns5:PlantMachinery2021-05-3105079061ns5:FurnitureFittings2021-05-3105079061ns5:ComputerEquipment2021-05-3105079061ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3105079061ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-05-31
REGISTERED NUMBER: 05079061 (England and Wales)















Financial Statements for the Year Ended 31 May 2022

for

Locomocean Limited

Locomocean Limited (Registered number: 05079061)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Locomocean Limited

Company Information
for the Year Ended 31 May 2022







DIRECTORS: Mr R D Hinton
Mr R Hinton





REGISTERED OFFICE: 1.12-1.13 South Bank
Oxo Tower Wharf, Bargehouse Street
London
SE1 9PH





REGISTERED NUMBER: 05079061 (England and Wales)






Locomocean Limited (Registered number: 05079061)

Balance Sheet
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,164 4,164

CURRENT ASSETS
Stocks 150,000 200,000
Debtors 5 157,189 66,488
Cash at bank and in hand 89,794 183,588
396,983 450,076
CREDITORS
Amounts falling due within one year 6 748,506 801,228
NET CURRENT LIABILITIES (351,523 ) (351,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(347,359

)

(346,988

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (347,459 ) (347,088 )
SHAREHOLDERS' FUNDS (347,359 ) (346,988 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Locomocean Limited (Registered number: 05079061)

Balance Sheet - continued
31 May 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr R D Hinton - Director


Locomocean Limited (Registered number: 05079061)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Locomocean Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Locomocean Limited (Registered number: 05079061)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 7 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2021
and 31 May 2022 983 3,815 14,913 19,711
DEPRECIATION
At 1 June 2021
and 31 May 2022 983 1,190 13,374 15,547
NET BOOK VALUE
At 31 May 2022 - 2,625 1,539 4,164
At 31 May 2021 - 2,625 1,539 4,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade debtors 108,737 66,488
Other debtors 48,452 -
157,189 66,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts 88,803 90,442
Trade creditors 72,655 86,019
Taxation and social security 1,607 3,676
Other creditors 585,441 621,091
748,506 801,228