Lombard Ocean Limited 02220184 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company during the year was that of shipping agents. Digita Accounts Production Advanced 6.30.9574.0 true true 02220184 2023-01-01 2023-12-31 02220184 2023-12-31 02220184 core:RetainedEarningsAccumulatedLosses 2023-12-31 02220184 core:ShareCapital 2023-12-31 02220184 core:CurrentFinancialInstruments 2023-12-31 02220184 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02220184 core:FurnitureFittings 2023-12-31 02220184 core:MotorVehicles 2023-12-31 02220184 bus:SmallEntities 2023-01-01 2023-12-31 02220184 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02220184 bus:FullAccounts 2023-01-01 2023-12-31 02220184 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02220184 bus:RegisteredOffice 2023-01-01 2023-12-31 02220184 bus:Director1 2023-01-01 2023-12-31 02220184 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02220184 bus:Agent1 2023-01-01 2023-12-31 02220184 core:FurnitureFittings 2023-01-01 2023-12-31 02220184 core:MotorVehicles 2023-01-01 2023-12-31 02220184 countries:EnglandWales 2023-01-01 2023-12-31 02220184 2022-12-31 02220184 core:FurnitureFittings 2022-12-31 02220184 core:MotorVehicles 2022-12-31 02220184 2022-01-01 2022-12-31 02220184 2022-12-31 02220184 core:RetainedEarningsAccumulatedLosses 2022-12-31 02220184 core:ShareCapital 2022-12-31 02220184 core:CurrentFinancialInstruments 2022-12-31 02220184 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02220184 core:FurnitureFittings 2022-12-31 02220184 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure

Company registration number: 02220184

Lombard Ocean Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Lombard Ocean Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Lombard Ocean Limited

Company Information

Director

Mr G J Hendry

Registered office

29 Vitesse Road
Triumph Trading Estate
Liverpool
Merseyside
L24 9BB

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lombard Ocean Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lombard Ocean Limited for the year ended 31 December 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Lombard Ocean Limited, as a body, in accordance with the terms of our engagement letter dated 9 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Lombard Ocean Limited and state those matters that we have agreed to state to the Board of Directors of Lombard Ocean Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lombard Ocean Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lombard Ocean Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lombard Ocean Limited. You consider that Lombard Ocean Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lombard Ocean Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

24 April 2024

 

Lombard Ocean Limited

(Registration number: 02220184)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

17,524

23,427

Current assets

 

Debtors

5

121,511

101,573

Cash at bank and in hand

 

207,732

204,966

 

329,243

306,539

Creditors: Amounts falling due within one year

6

(78,611)

(111,045)

Net current assets

 

250,632

195,494

Total assets less current liabilities

 

268,156

218,921

Provisions for liabilities

(180)

(579)

Net assets

 

267,976

218,342

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

266,976

217,342

Shareholders' funds

 

267,976

218,342

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 24 April 2024
 

.........................................
Mr G J Hendry
Director

   
     
 

Lombard Ocean Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29 Vitesse Road
Triumph Trading Estate
Liverpool
Merseyside
L24 9BB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% straight line

Motor vehicles

25% reducing balance

 

Lombard Ocean Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 3).

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

64,933

41,135

106,068

At 31 December 2023

64,933

41,135

106,068

Depreciation

At 1 January 2023

64,080

18,561

82,641

Charge for the year

260

5,643

5,903

At 31 December 2023

64,340

24,204

88,544

Carrying amount

At 31 December 2023

593

16,931

17,524

At 31 December 2022

853

22,574

23,427

 

Lombard Ocean Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

2023
£

2022
£

Trade debtors

119,145

97,946

Other debtors

2,366

3,627

121,511

101,573

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

57,835

69,833

Taxation and social security

18,098

23,264

Accruals and deferred income

2,478

2,362

Other creditors

200

15,586

78,611

111,045