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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
Page
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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
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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
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Oceanwide Freight Services Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,276 
6,038 
Current assets
Debtors
724,108 
856,982 
Cash at bank and in hand
75,505 
201,054 
799,613 
1,058,036 
Creditors: amounts falling due within one year
(314,488)
(722,279)
Net current assets
485,125 
335,757 
Net assets
488,401 
341,795 
Capital and reserves
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
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Oceanwide Freight Services Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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:
Fixtures & fittings
20%
Computer equipment
33%
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 
Additions
644 
649 
1,293 
At 31 October 2023
13,946 
6,917 
20,863 
Depreciation
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 
Net book value
At 31 October 2023
2,845 
431 
3,276 
At 31 October 2022
4,991 
1,047 
6,038 
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Oceanwide Freight Services Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
27,136 
36,399 
Trade debtors
261,972 
735,583 
289,108 
771,982 
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 
314,488 
722,279 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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