Company Registration No. 09876045 (England and Wales)
Oceanwide Freight Services Limited
Unaudited accounts
for the year ended 31 October 2023
Oceanwide Freight Services Limited
Unaudited accounts
Contents
Oceanwide Freight Services Limited
Company Information
for the year ended 31 October 2023
Directors
Benjamin James Goode
Debbie Ann Knight
Company Number
09876045 (England and Wales)
Registered Office
12 PEASE CLOSE
HORNCHURCH
ESSEX
RM12 5AW
UNITED KINGDOM
Accountants
Zynct Ltd
20-22 Wenlock Road
London
N1 7GU
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Oceanwide Freight Services Limited
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Oceanwide Freight Services Limited for the year ended
31 October 2023 as set out on pages
5 -
7 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/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Zynct Ltd
Chartered Certified Accountants
20-22 Wenlock Road
London
N1 7GU
30 July 2024
Oceanwide Freight Services Limited
Statement of financial position
as at 31 October 2023
Tangible assets
3,276
6,038
Cash at bank and in hand
75,505
201,054
Creditors: amounts falling due within one year
(314,488)
(722,279)
Net current assets
485,125
335,757
Net assets
488,401
341,795
Called up share capital
100
100
Profit and loss account
488,301
341,695
Shareholders' funds
488,401
341,795
For the year ending 31 October 2023 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 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 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 of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Benjamin James Goode
Director
Company Registration No. 09876045
Oceanwide Freight Services Limited
Notes to the Accounts
for the year ended 31 October 2023
Oceanwide Freight Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09876045. The registered office is 12 PEASE CLOSE, HORNCHURCH, ESSEX, RM12 5AW, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
13,302
6,268
19,570
At 31 October 2023
13,946
6,917
20,863
At 1 November 2022
8,311
5,221
13,532
Charge for the year
2,790
1,265
4,055
At 31 October 2023
11,101
6,486
17,587
At 31 October 2023
2,845
431
3,276
At 31 October 2022
4,991
1,047
6,038
Oceanwide Freight Services Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
261,972
735,583
Amounts falling due after more than one year
Other debtors
435,000
85,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,000
39,999
Trade creditors
197,322
582,663
Taxes and social security
87,092
97,460
Other creditors
(1,930)
1,044
Loans from directors
2,004
1,113
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).