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REGISTERED NUMBER: 13073628 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BLUE OCEAN AIR HYGIENE LTD

BLUE OCEAN AIR HYGIENE LTD (REGISTERED NUMBER: 13073628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUE OCEAN AIR HYGIENE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A J P Abraham



REGISTERED OFFICE: Units 4&5 Signal Buildings
Brunel Road
Newton Abbot
Devon
TQ12 4PB



REGISTERED NUMBER: 13073628 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
1 Ledd Street
Chelmsford
Essex
CM1 1JS

BLUE OCEAN AIR HYGIENE LTD (REGISTERED NUMBER: 13073628)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,651 20,776

CURRENT ASSETS
Stocks 5 1,800 1,500
Debtors 6 8,498 18,717
Cash at bank 6,326 4,552
16,624 24,769
CREDITORS
Amounts falling due within one year 7 17,853 12,278
NET CURRENT (LIABILITIES)/ASSETS (1,229 ) 12,491
TOTAL ASSETS LESS CURRENT LIABILITIES 15,422 33,267

PROVISIONS FOR LIABILITIES 3,561 3,947
NET ASSETS 11,861 29,320

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 11,762 29,221
SHAREHOLDERS' FUNDS 11,861 29,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2024 and were signed by:



Mr A J P Abraham - Director


BLUE OCEAN AIR HYGIENE LTD (REGISTERED NUMBER: 13073628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Blue Ocean Air Hygiene Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BLUE OCEAN AIR HYGIENE LTD (REGISTERED NUMBER: 13073628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 16,870 1,694 11,229 3,342 33,135
Additions - 744 13,000 142 13,886
Disposals - - (13,000 ) - (13,000 )
At 31 December 2023 16,870 2,438 11,229 3,484 34,021
DEPRECIATION
At 1 January 2023 5,660 308 4,913 1,478 12,359
Charge for year 2,242 319 1,579 871 5,011
At 31 December 2023 7,902 627 6,492 2,349 17,370
NET BOOK VALUE
At 31 December 2023 8,968 1,811 4,737 1,135 16,651
At 31 December 2022 11,210 1,386 6,316 1,864 20,776

5. STOCKS
2023 2022
£    £   
Stocks 1,800 1,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,619 5,528
Other debtors 413 413
Directors' current accounts - 11,819
Tax - 645
Prepayments 466 312
8,498 18,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,877 -
Tax 2,943 -
VAT 5,198 4,357
Other creditors 2,008 84
Directors' current accounts 1,010 -
Accrued expenses 1,817 7,837
17,853 12,278

BLUE OCEAN AIR HYGIENE LTD (REGISTERED NUMBER: 13073628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A J P Abraham
Balance outstanding at start of year 5,319 33
Amounts advanced 6,368 17,467
Amounts repaid (12,697 ) (12,181 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,010 ) 5,319

Mr J W Armour
Balance outstanding at start of year 6,500 (13,104 )
Amounts advanced 10,020 30,604
Amounts repaid (16,520 ) (11,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,500

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,394 (2022 - £4,000) were paid to the directors .