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Company Registration No. 11712330 (England and Wales)
OCEAN VIEW (SW) LTD Unaudited accounts for the year ended 31 December 2022
OCEAN VIEW (SW) LTD Unaudited accounts Contents
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OCEAN VIEW (SW) LTD Company Information for the year ended 31 December 2022
Director
Yasin AZIZI
Company Number
11712330 (England and Wales)
Registered Office
2nd Floor Flat 58 Devonport Road Plymouth Devon PL3 4DF ENGLAND
Accountants
Clear Blue Sky Accountancy Ltd Licensed Accountants 30B City Business Park, Somerset Place Plymouth Devon PL3 4BB
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OCEAN VIEW (SW) LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
117,336 
Current assets
Debtors
501,585 
6,539 
Cash at bank and in hand
3,538 
70,035 
505,123 
76,574 
Creditors: amounts falling due within one year
(438,614)
17,433 
Net current assets
66,509 
94,007 
Total assets less current liabilities
66,509 
211,343 
Creditors: amounts falling due after more than one year
(34,027)
(156,537)
Net assets
32,482 
54,806 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
32,382 
54,706 
Shareholders' funds
32,482 
54,806 
For the year ending 31 December 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2023 and were signed on its behalf by
Yasin AZIZI Director Company Registration No. 11712330
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OCEAN VIEW (SW) LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
OCEAN VIEW (SW) LTD is a private company, limited by shares, registered in England and Wales, registration number 11712330. The registered office is 2nd Floor Flat, 58 Devonport Road, Plymouth, Devon, PL3 4DF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2022
131,987 
At 31 December 2022
131,987 
Depreciation
At 1 January 2022
14,651 
On disposals
117,336 
At 31 December 2022
131,987 
Net book value
At 31 December 2022
- 
At 31 December 2021
117,336 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,539 
Other debtors
501,585 
- 
501,585 
6,539 
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OCEAN VIEW (SW) LTD Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
21,294 
94,701 
Trade creditors
230,794 
65,382 
Taxes and social security
43,552 
(66,683)
Other creditors
37,482 
- 
Loans from directors
105,492 
(110,833)
438,614 
(17,433)
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
34,027 
44,676 
Obligations under finance leases and hire purchase contracts
- 
13,416 
Trade creditors
- 
98,445 
34,027 
156,537 
8
Average number of employees
During the year the average number of employees was 54 (2021: 54).
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