OCEAN FINEST FOODS LTD

Company Registration Number:
06860297 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

OCEAN FINEST FOODS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

OCEAN FINEST FOODS LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 907,648 591,665
Investments: 4 40,000 40,000
Total fixed assets: 947,648 631,665
Current assets
Stocks: 271,181 31,138
Debtors:   341,450 273,350
Cash at bank and in hand: 41,075 204,496
Total current assets: 653,706 508,984
Creditors: amounts falling due within one year:   (587,828) (215,928)
Net current assets (liabilities): 65,878 293,056
Total assets less current liabilities: 1,013,526 924,721
Creditors: amounts falling due after more than one year:   (306,829) (377,605)
Total net assets (liabilities): 706,697 547,116
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 706,597 547,016
Shareholders funds: 706,697 547,116

The notes form part of these financial statements

OCEAN FINEST FOODS LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 August 2024
and signed on behalf of the board by:

Name: A M Breene
Status: Director

The notes form part of these financial statements

OCEAN FINEST FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OCEAN FINEST FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

OCEAN FINEST FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 682,704
Additions 366,865
At 31 May 2024 1,049,569
Depreciation
At 01 June 2023 91,039
Charge for year 50,882
At 31 May 2024 141,921
Net book value
At 31 May 2024 907,648
At 31 May 2023 591,665

OCEAN FINEST FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

The company's investment is the value of thirty shares bought back from a former shareholder.