Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity88falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04831755 2023-01-01 2023-12-31 04831755 2023-12-31 04831755 2022-01-01 2022-12-31 04831755 2022-12-31 04831755 c:Director1 2023-01-01 2023-12-31 04831755 c:Director2 2023-01-01 2023-12-31 04831755 c:RegisteredOffice 2023-01-01 2023-12-31 04831755 d:PlantMachinery 2023-01-01 2023-12-31 04831755 d:PlantMachinery 2023-12-31 04831755 d:PlantMachinery 2022-12-31 04831755 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04831755 d:FurnitureFittings 2023-01-01 2023-12-31 04831755 d:FurnitureFittings 2023-12-31 04831755 d:FurnitureFittings 2022-12-31 04831755 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04831755 d:OfficeEquipment 2023-01-01 2023-12-31 04831755 d:OfficeEquipment 2023-12-31 04831755 d:OfficeEquipment 2022-12-31 04831755 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04831755 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04831755 d:CurrentFinancialInstruments 2023-12-31 04831755 d:CurrentFinancialInstruments 2022-12-31 04831755 d:Non-currentFinancialInstruments 2023-12-31 04831755 d:Non-currentFinancialInstruments 2022-12-31 04831755 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04831755 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04831755 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04831755 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04831755 d:ShareCapital 2023-12-31 04831755 d:ShareCapital 2022-12-31 04831755 d:RetainedEarningsAccumulatedLosses 2023-12-31 04831755 d:RetainedEarningsAccumulatedLosses 2022-12-31 04831755 c:FRS102 2023-01-01 2023-12-31 04831755 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04831755 c:FullAccounts 2023-01-01 2023-12-31 04831755 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04831755 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04831755







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


PLANET OCEAN LIMITED






































img3d38.png                        

 


PLANET OCEAN LIMITED
 


 
COMPANY INFORMATION


Directors
Mrs C A Sloane 
Mr T H A Sloane 




Registered number
04831755



Registered office
Unit 16 Camberley Business Centre
Bracebridge

Camberley

Surrey

GU15 3DP




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


PLANET OCEAN LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


PLANET OCEAN LIMITED
REGISTERED NUMBER:04831755



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,868
9,335

  
7,868
9,335

Current assets
  

Stocks
  
443,476
380,393

Debtors: amounts falling due within one year
 5 
349,142
347,106

Cash at bank and in hand
  
1,890
2,375

  
794,508
729,874

Creditors: amounts falling due within one year
 6 
(444,379)
(542,606)

Net current assets
  
 
 
350,129
 
 
187,268

Total assets less current liabilities
  
357,997
196,603

Creditors: amounts falling due after more than one year
 7 
(12,730)
(25,000)

Provisions for liabilities
  

Deferred tax
  
(1,967)
(2,334)

  
 
 
(1,967)
 
 
(2,334)

Net assets
  
343,300
169,269


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
343,298
169,267

  
343,300
169,269


Page 1

 


PLANET OCEAN LIMITED
REGISTERED NUMBER:04831755


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs C A Sloane
................................................
Mr T H A Sloane
Director
Director


Date: 25 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


PLANET OCEAN LIMITED
 


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

1.


General information

Planet Ocean Limited is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 3

 


PLANET OCEAN LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
2,000
26,105
17,507
45,612


Additions
1,417
781
527
2,725


Disposals
(2,000)
(1,568)
(2,031)
(5,599)



At 31 December 2023

1,417
25,318
16,003
42,738



Depreciation


At 1 January 2023
1,893
19,109
15,275
36,277


Charge for the year on owned assets
354
1,737
400
2,491


Disposals
(1,893)
(955)
(1,050)
(3,898)



At 31 December 2023

354
19,891
14,625
34,870



Net book value



At 31 December 2023
1,063
5,427
1,378
7,868



At 31 December 2022
107
6,996
2,232
9,335

Page 4

 


PLANET OCEAN LIMITED
 


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

5.


Debtors

2023
2022
£
£


Trade debtors
205,187
196,973

Other debtors
128,763
85,067

Prepayments and accrued income
15,192
65,066

349,142
347,106



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
75,977
130,609

Bank loans
10,648
10,000

Trade creditors
321,748
347,491

Other taxation and social security
31,256
42,626

Accruals and deferred income
4,750
11,880

444,379
542,606



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
12,730
25,000

12,730
25,000


 
Page 5