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Company Registration No. 10675906 (England and Wales)
OCEAN DIGITAL STUDIO LTD Unaudited accounts for the year ended 31 March 2024
OCEAN DIGITAL STUDIO LTD Unaudited accounts Contents
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OCEAN DIGITAL STUDIO LTD Company Information for the year ended 31 March 2024
Director
Laura Coddington
Company Number
10675906 (England and Wales)
Registered Office
Wizu Workspace 32 Eyre Street Sheffield S1 4QZ
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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OCEAN DIGITAL STUDIO LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
425 
4,436 
Cash at bank and in hand
6,540 
6,451 
6,965 
10,887 
Creditors: amounts falling due within one year
(3,207)
(4,283)
Net current assets
3,758 
6,604 
Net assets
3,758 
6,604 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,658 
6,504 
Shareholders' funds
3,758 
6,604 
For the year ending 31 March 2024 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 her 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 11 July 2024 and were signed on its behalf by
Laura Coddington Director Company Registration No. 10675906
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OCEAN DIGITAL STUDIO LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OCEAN DIGITAL STUDIO LTD is a private company, limited by shares, registered in England and Wales, registration number 10675906. The registered office is Wizu Workspace, 32 Eyre Street, Sheffield, S1 4QZ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
425 
4,436 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,131 
3,519 
Loans from directors
717 
405 
Accruals
359 
359 
3,207 
4,283 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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